Builder KB Home Reports Wider Loss in Quarter
Los Angeles, CA, Sept. 23, 2011 -- Homebuilder KB Home reported a net loss of $9.6 million, or $0.13 per share, in the three months that ended Aug. 31.
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RPM Acquires Carpet Cleaning Chemicals Firm
Medina, OH, Sept. 23, 2011 -- RPM International said it will acquire the Legend Brands group of companies.
H.B. Fuller Reports Higher Third Quarter Income
St. Paul, MN, Sept. 22, 2011 -- Adhesives specialist H.B. Fuller Co. reported higher third-quarter profit on higher revenue.
Initial Jobless Applications Decline Modestly
Washington, DC, Sept. 22, 2011 -- Initial applications for unemployment benefits fell modestly last week, according to the Labor Department.
Architecture Billings Index Back in Growth Mode
Washington, DC, Sept. 22, 2011 -- The Architecture Billings Index reversed course in August to indicate that the industry just might be growing again.
Oil Prices Plunge on Economic Worries
New York, NY, Sept. 22, 2011 -- Oil prices are down sharply along with the stock market Thursday morning.
Mortgage Rates Remain at Historic Lows
Washington, DC, Sept. 22, 2011 -- Fixed mortgage rates remained at record lows for a third straight week and are likely to fall further.
Fed Moves To Lower Long Term Interest Rates
Washington, DC, Sept. 22, 2011 -- The Federal Reserve on Wednesday announced a new round of stimulus and reiterated its intentions to keep short term interest rates at current levels until sometime in 2013.
Existing Home Sales Surge in August
Washington, DC, Sept. 21, 2011 -- Sales of existing homes rose 7.7% to a five-month high in August, according to the National Association of Realtors.
NAHB Urges Balanced Approach to Inventory
Washington, DC, Sept. 21, 2011 -- The National Association of Home Builders has urged the Administration and Congress to take a balanced approach in disposing of the large inventory of real estate owned (REO) properties.