New Single-Family Home Sales Surge
Washington, DC, Feb. 26, 2014 -- Sales of new single-family rose 9.6% in January to a seasonally adjusted annual rate of 468,000, the fastest pace in more than five years, according to the Commerce Department.
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Lowe's Reports Higher Earnings, Sales in Q4
Mooresville, NC, Feb. 26, 2014 -- Home improvement retailer Lowe's reported net earnings of $306 million for the fourth quarter, a 6.3% increase over the same period a year ago.
Mortgage Application Volume Falls Last Week
Washington, DC, Feb. 26, 2014 -- Mortgage purchase applications last week fell to the lowest level in nearly 20 years, according to the Mortgage Bankers Association.
Brintons Signs Designer Virginia Langley
Kennesaw, GA, Feb. 26, 2014 -- Carpet firm Brintons has signed an agreement with designer and artist Virginia Langley.
House Prices Rise in December at Slower Pace
New York, NY, Feb. 25, 2014 -- The S&P/Case-Shiller index of property values in 20 major cities rose 13.4% from December 2012.
Toll Brothers Income, Sales Surge in Quarter
Horham, PA, Feb. 25, 2014 -- Luxury homebuilder Toll Brothers reported first quarter net income was $45.6 million, or $0.25 per share, compared to net income of $4.4 million, or $0.03 per share, a year ago.
Home Depot Earnings, Sales Edge Down in Q4
Atlanta, GA, Feb. 25, 2014 -- Home Depot Inc. said that fourth-quarter net income fell 0.8% to $1.01 billion, or $0.73 a share, from $1.02 billion, or $0.68 a share, a year earlier
House Prices Rise 10 Consecutive Quarters
Washington, DC, Feb. 25, 2014 -- Home prices rose 1.2% in the fourth quarter of 2013, according to the Federal Housing Finance Agency House Price Index.
Consumer Confidence Edges Lower in February
New York, NY, Feb. 25, 2014 -- The Conference Board’s consumer confidence index fell to 78.1 in February from 79.4 in January.
Langhorne Carpet Giving Away Six Tons of Wool
Penndel, PA, Feb. 25, 2014 -- Last summer’s electrical fire near the shipping dock of Langhorne Carpet Company's century-old, one-story Pennsylvania mill is resulting in a giveaway of six tons of wool to non-profit organizations.