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Stocks move higher on home building, low inflation
Stocks move higher on home building, low inflation
The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation. Investors are also sending stocks up because they expect the Federal Reserve will keep in place programs meant to prop up the economy. The Dow Jones industrial average was

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Waiting for word from Bernanke, stocks move higher
Waiting for word from Bernanke, stocks move higher
It's all about the Fed. Still. U.S. stocks moved higher Tuesday, helped by news of a pickup in home building and low inflation. But the Federal Reserve loomed large, with investors trying to guess what the central bank will say Wednesday about how long it plans to keep stimulus programs in place. F

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US home construction rises 6.8 percent in May
US home construction rises 6.8 percent in May
U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy. The overall pace of homes started rose 6.8 percent last month to a seasonally adjusted ann

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Homebuilders shares up on sentiment report
Homebuilders shares up on sentiment report
Homebuilder stocks improved modestly Monday following an upbeat industry sentiment report. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday showed that, for the first time in seven years, most U.S. homebuilders are optimistic about home sales. The index m

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News Summary: Builder confidence hits 7-year high
News Summary: Builder confidence hits 7-year high
STRONGER FOUNDATION: For the first time in seven years, the National Association of Home Builders/Wells Fargo builder sentiment index signaled that most U.S. homebuilders are optimistic about home sales. THE NUMBERS: The index, based on a survey of 255 builders, rose to 52 from 44 in May. It was the

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US homebuilder confidence soars to 7-year high
US homebuilder confidence soars to 7-year high
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday leaped to 52 this month from 4

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Survey shows most US homebuilders optimistic about home sales for first time in 7 years
Survey shows most US homebuilders optimistic about home sales for first time in 7 years
Survey shows most US homebuilders optimistic about home sales for first time in 7 years .

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Average US rate on 30-year mortgage at 3.98 pct.
Average US rate on 30-year mortgage at 3.98 pct.
Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent. Here's a look at rates for fixed and adjustable mortgages this week and over the past year:

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News Summary: US rate on 30-year loan at 3.98 pct.
News Summary: US rate on 30-year loan at 3.98 pct.
RATES UP: Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent. THE NUMBERS: Mortgage buyer Freddie Mac says the rate on the 30-year mortgage increased to 3.98 percent from 3.91 percent last week. The rate on the 15-year loan

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US rate on 30-year mortgage rises to 3.98 pct.
US rate on 30-year mortgage rises to 3.98 pct.
Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 3.98 percent. That's up from 3.91 percent last week and the highest since April 201

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HUD: Race affects homebuying, renting
HUD: Race affects homebuying, renting
Minority renters and homebuyers deployed to test for housing discrimination did not run into the blatant discrimination of four decades ago, but were told about and shown fewer homes than their white counterparts with similar backgrounds, according to the results of a major federal housing study re

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US regains wealth from recession, but not equally
US regains wealth from recession, but not equally
America as a whole has regained all the household wealth it lost to the Great Recession and then some, thanks to higher stock and home prices. The average household still has a long way to go. U.S. household wealth jumped $3 trillion to $70 trillion in the January-March quarter this year, the Feder

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Retailers report modest gains for May
Retailers report modest gains for May
In the latest sign that Americans are feeling better about the overall economy, stores across the country had a pickup in sales in May. An improving job picture, better housing market and stock market rallies have all led to consumer confidence reaching five-year highs. That has left Americans a bi

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Average rate on 15-year US mortgage above 3 pct.
Average rate on 15-year US mortgage above 3 pct.
The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan jumped to 3.91 percent from 3.81 percent last week

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News Summary: Sands' Macau apartments get OK
News Summary: Sands' Macau apartments get OK
APARTMENT SALE: Billionaire Sheldon Adelson's Chinese casino company received long-awaited approval from the Macau government to sell apartments next to its flagship casino in the Asian gambling enclave. POTENTIAL INCOME: Union Gaming Research forecast the company would raise $775 million by selling

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Weak signals on the economy send stocks plunging
Weak signals on the economy send stocks plunging
A series of weak economic reports sent the stock market plunging to its lowest level in a month on Wednesday. Companies like miners, banks and chemical makers, whose fortunes are most closely tied to the prospects for growth, led the market lower. The troubling data included weak hiring at private

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Sands gets OK to sell Macau apartments
Sands gets OK to sell Macau apartments
Billionaire Sheldon Adelson's Chinese casino company received long-awaited approval from the Macau government on Wednesday to sell apartments next to its flagship casino in the Asian gambling enclave. Sands China said it received the green light for transfer rights allowing it to sell apartments in

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FHA reverse mortgage losses may require bailout
FHA reverse mortgage losses may require bailout
The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums, a Senate subcommittee was told Tuesday. FHA Commissioner Carol Galante said her age

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NY attorney general sues HSBC over foreclosures
NY attorney general sues HSBC over foreclosures
HSBC Bank USA and HSBC Mortgage Corp. failed to set timely foreclosure settlement conferences required by New York law, according to a lawsuit filed Tuesday by the state attorney general. The law says mortgage lenders who sue to foreclose on residential homeowners have to request court-supervised i

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US home prices jumped in April by most in 7 years
US home prices jumped in April by most in 7 years
U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes. Real estate data provider CoreLogic says prices rose in April from the previous April in 48 states. Prices also rose 3.2 percent in April from March, muc

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