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	<title>Stock Blog Hub &#187; Housing</title>
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		<title>Freddie Mac Tramples on Taxpayers Again</title>
		<link>http://www.stockbloghub.com/2012/02/03/freddie-mac-tramples-on-taxpayers-again/91249</link>
		<comments>http://www.stockbloghub.com/2012/02/03/freddie-mac-tramples-on-taxpayers-again/91249#comments</comments>
		<pubDate>Fri, 03 Feb 2012 18:21:06 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Housing]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91249</guid>
		<description><![CDATA[Right now, a lot of investors and business news junkies are incensed by Freddie Mac’s move to profit by intentionally giving their customers bad service. And they should be. They just shouldn’t be surprised… Because this is merely the latest of many examples of the government sponsored enterprise (GSE) behaving badly. Freddie Mac, first formed in 1970 as the Federal Home Loan Mortgage Corp., was allegedly designed “to stabilize the nation’s residential mortgage markets and expand opportunities for homeownership,” as its website claims. But as recent history has clearly shown, it and its partner in crime, Fannie Mae, have done anything but that. One of the first publicly recognized signs of its history of corruption came in 2003, when Freddie was fined $125 million for essentially cooking its books between ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/03/freddie-mac-tramples-on-taxpayers-again/91249/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Housing Starts Slip Less Than Expected</title>
		<link>http://www.stockbloghub.com/2011/11/21/dhi-u-s-housing-starts-slip-less-than-expected/87153</link>
		<comments>http://www.stockbloghub.com/2011/11/21/dhi-u-s-housing-starts-slip-less-than-expected/87153#comments</comments>
		<pubDate>Mon, 21 Nov 2011 18:47:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[Darden Restaurants Inc.]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[DRI]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>
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		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87153</guid>
		<description><![CDATA[We got some fairly good news on the housing front this morning. Housing Starts fell in September to a seasonally-adjusted annual rate of 628,000 from 630,000 in August, a drop of 0.3%. But the number was much better than the expected level of 603,000. However, the September numbers were revised sharply lower from 658,000. Thus it looks like a lot of the starts we thought happened got pushed into October. So call the beat of expectations and the downward revisions a wash. Relative to a year ago, they are up 16.5%. The question is: Are the higher starts are being absorbed by the market? Or are they simply adding to inventory? That question should be answered on November 28th when we get the New Home Sales figures. If one looks ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/21/dhi-u-s-housing-starts-slip-less-than-expected/87153/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>U.S. September 2011 New Home Sales Top Expectations</title>
		<link>http://www.stockbloghub.com/2011/10/28/u-s-september-2011-new-home-sales-top-expectations/85983</link>
		<comments>http://www.stockbloghub.com/2011/10/28/u-s-september-2011-new-home-sales-top-expectations/85983#comments</comments>
		<pubDate>Fri, 28 Oct 2011 15:46:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85983</guid>
		<description><![CDATA[New Home Sales rose by 5.7% in September from August, to a rate of 313,000. Relative to a year ago, sales are down 0.9%. While the monthly increase is more than welcome, it is still a very dismal rate of new home sales. There was a slight upward revision to the July numbers of 1,000 to 296,000. The September level was also better than the expected rate of 300,000. Regardless of the changes at the edges, this is still a very bad level. The 17 lowest months on record (back to 1963) for new home sales have all been in the last 17 months. New home sales have only exceeded the 400,000 level three times since September of 2008 when the financial markets collapsed. The most recent time was in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/10/28/u-s-september-2011-new-home-sales-top-expectations/85983/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) Weakness Prevails in U.S. Housing</title>
		<link>http://www.stockbloghub.com/2011/10/06/dhi-weakness-prevails-in-u-s-housing/84158</link>
		<comments>http://www.stockbloghub.com/2011/10/06/dhi-weakness-prevails-in-u-s-housing/84158#comments</comments>
		<pubDate>Thu, 06 Oct 2011 16:12:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[KB Home]]></category>
		<category><![CDATA[KBH]]></category>
		<category><![CDATA[Louisiana-Pacific Corporation]]></category>
		<category><![CDATA[LPX]]></category>
		<category><![CDATA[Meritage Homes Corporation]]></category>
		<category><![CDATA[MTH]]></category>
		<category><![CDATA[PHM]]></category>
		<category><![CDATA[Pulte Homes Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=84158</guid>
		<description><![CDATA[The weaknesses prevailing in the housing and construction industry in the U.S. have once again come to the fore as the National Association of Home Builders lowered its September outlook. Poor employment growth, increased availability of foreclosed homes, strict mortgage lending rules and lower confidence have restricted the demand for new homes to an all-time low. Moreover, potential customers who are ready to buy homes are opting for pre-owned homes, given their affordable pricing. As a result, the purchases of pre-owned homes have increased almost 2% year over year during August to 5.03 million (annual rate), which in turn affected new home sales. New home sales for August were at a six-month low of 294,000 units (annualized growth). This trend has affected earnings in the recent quarters and is also ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/10/06/dhi-weakness-prevails-in-u-s-housing/84158/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EQR) Used Home Prices Stabilize in July</title>
		<link>http://www.stockbloghub.com/2011/09/28/eqr-used-home-prices-stabilize-in-july/84174</link>
		<comments>http://www.stockbloghub.com/2011/09/28/eqr-used-home-prices-stabilize-in-july/84174#comments</comments>
		<pubDate>Wed, 28 Sep 2011 14:18:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DGI]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DigitalGlobe Inc]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=84174</guid>
		<description><![CDATA[In July, home prices were mixed on a seasonally adjusted basis. The Case-Schiller Composite 10 City index (C-10) fell a slight 0.12% on a seasonally adjusted basis, and is down 3.77% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) edged up by 0.05% on the month and is down 4.16% from a year ago. Prices for both indexes rose by 0.9% for the month on a not-seasonally-adjusted basis (which is how you will probably see most of the reports presented). Of the 20 cities, nine were up on the month-to-month basis (seasonally adjusted), and eleven were down. Year over year, though, 18 were down, and only Detroit and Washington DC made it into the plus column. The overall indexes are down ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/28/eqr-used-home-prices-stabilize-in-july/84174/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. New Home Sales Move Down Slightly</title>
		<link>http://www.stockbloghub.com/2011/09/27/dhi-u-s-new-home-sales-move-down-slightly/84102</link>
		<comments>http://www.stockbloghub.com/2011/09/27/dhi-u-s-new-home-sales-move-down-slightly/84102#comments</comments>
		<pubDate>Tue, 27 Sep 2011 20:47:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[PPG]]></category>
		<category><![CDATA[PPG Industries Inc.]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=84102</guid>
		<description><![CDATA[New Home Sales in August fell by 2.3% from July to a rate of 295,000. Relative to a year ago, sales are up 6.1%. While the year-over-year rebound is more than welcome, it is still a very dismal rate of new home sales. However, there was an upward revision to the July numbers of 4,000 to 302,000. Thus, relative to where we thought we were, it could be seen as a 1.0% decrease. The August level was also slightly better than the expected rate of 295,000. Regardless of the changes at the edges, this is still a very bad level. The 16 lowest months on record (back to 1963) for new home sales have all been in the last 16 months. New home sales have only exceeded the 400,000 level ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/27/dhi-u-s-new-home-sales-move-down-slightly/84102/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Housing Starts Down &#8211; Permits Up</title>
		<link>http://www.stockbloghub.com/2011/09/21/dhi-u-s-housing-starts-down-permits-up/83681</link>
		<comments>http://www.stockbloghub.com/2011/09/21/dhi-u-s-housing-starts-down-permits-up/83681#comments</comments>
		<pubDate>Wed, 21 Sep 2011 14:58:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[Darden Restaurants Inc.]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[DRI]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FO]]></category>
		<category><![CDATA[Fortune Brands Inc.]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83681</guid>
		<description><![CDATA[Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000 in July, a decrease of 5.0%. However, the July numbers were revised lower from 604,000, so it is possible to see the decrease as 34,000, or 5.5%. The number was also slightly below the expected level of 575,000. Relative to a year ago, housing starts are down 5.8%. Quite frankly, a year ago was also a pretty lousy time for the homebuilders, so the drop is off a pretty easy comp. Given the extremely depressed state of the housing industry, the decline is not good news. It does, however, mean less inventory is the pipeline, so there is sort of a silver lining in the dark cloud. That is helpful for the longer-term health of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/21/dhi-u-s-housing-starts-down-permits-up/83681/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SA) U.S. Housing Prices Mixed in June</title>
		<link>http://www.stockbloghub.com/2011/09/01/sa-u-s-housing-prices-mixed-in-june/82306</link>
		<comments>http://www.stockbloghub.com/2011/09/01/sa-u-s-housing-prices-mixed-in-june/82306#comments</comments>
		<pubDate>Thu, 01 Sep 2011 17:09:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DGI]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DigitalGlobe Inc]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
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		<category><![CDATA[Housing]]></category>
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		<category><![CDATA[Seabridge Gold Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=82306</guid>
		<description><![CDATA[In June, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose a slight 0.04% on a seasonally adjusted basis, and is down 3.85% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) edged down by 0.06% on the month and is down 4.55% from a year ago. Prices for both indexes rose on a not-seasonally-adjusted (SA) basis (which is how you will probably and incorrectly see most of the reports presented). Of the 20 cities, eight were up on the month-to-month basis (SA), and twelve were down. Year over year, though, all twenty were down. The rise in the C-10 was the third in a row. The overall indexes are down 31.90% (C-10) and 31.87% (C-20) from the (4/06) ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/09/01/sa-u-s-housing-prices-mixed-in-june/82306/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. New Home Sales Still Awful</title>
		<link>http://www.stockbloghub.com/2011/07/31/dhi-u-s-new-home-sales-still-awful/79926</link>
		<comments>http://www.stockbloghub.com/2011/07/31/dhi-u-s-new-home-sales-still-awful/79926#comments</comments>
		<pubDate>Mon, 01 Aug 2011 04:08:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FO]]></category>
		<category><![CDATA[Fortune Brands Inc.]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[PPG]]></category>
		<category><![CDATA[PPG Industries Inc.]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79926</guid>
		<description><![CDATA[New Home Sales in May fell by 1.0% from May, to a rate of 312,000. Relative to a year ago, sales are up 1.6%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. Also, there was a downward revision to the May numbers of 4,000 to 315,000. Thus, relative to where we thought we were, it could be seen as a 2.2% decrease. The June level was worse than the expected rate of 320,000. The fourteen lowest months on record (back to 1963) for New Home Sales have all been in the last fourteen months. New Home sales have only exceeded the 400,000 level three times since September of 2008, when the financial markets collapsed. The most recent time was in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/31/dhi-u-s-new-home-sales-still-awful/79926/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Housing Starts and Building Permits Rise</title>
		<link>http://www.stockbloghub.com/2011/07/20/dhi-u-s-housing-starts-and-building-permits-rise/79395</link>
		<comments>http://www.stockbloghub.com/2011/07/20/dhi-u-s-housing-starts-and-building-permits-rise/79395#comments</comments>
		<pubDate>Wed, 20 Jul 2011 15:30:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FO]]></category>
		<category><![CDATA[Fortune Brands Inc.]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79395</guid>
		<description><![CDATA[Housing Starts rose in June to a seasonally-adjusted annual rate of 629,000 from 549,000 in May, an increase of 14.6%. However, the May numbers were revised lower from 560,000, so it is possible to see the increase as 69,000, or 12.3%. Relative to a year ago they are up 11.8%. Quite frankly, a year ago was also a pretty lousy time for the home builders, so the rise is off a pretty easy comp. Still, any increase is very welcome given the extremely depressed state of the housing industry. Provided, of course, that the homebuilders can actually sell the new houses they are building. We will find out about new home sales next week. If one looks at only single family houses, the picture was also encouraging. Single family starts ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/20/dhi-u-s-housing-starts-and-building-permits-rise/79395/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(KBH) KB Home&#8217;s Loss Widens</title>
		<link>http://www.stockbloghub.com/2011/06/29/kbh-kb-homes-loss-widens/77914</link>
		<comments>http://www.stockbloghub.com/2011/06/29/kbh-kb-homes-loss-widens/77914#comments</comments>
		<pubDate>Wed, 29 Jun 2011 20:44:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[KB Home]]></category>
		<category><![CDATA[KBH]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77914</guid>
		<description><![CDATA[KB Home (KBH) reported a net loss of $68.5 million or 89 cents per share in the second quarter of fiscal 2011, compared with a net loss of $30.7 million or 40 cents per share a year ago. However, excluding inventory impairments and land option contract abandonment charges of $20.6 million and a loss of $14.6 million on loan guaranty related to the company’s investment in South Edge, LLC, the adjusted net loss stood at $33.3 million or 43 cents per share, which is much wider than the Zacks Consensus Estimate of a loss of 32 cents per share. Total revenue fell 27% to $271.7 million, mainly driven by a 28% decline in housing revenues to $270 million. The decrease in housing revenues reflected a 29% decrease in the number ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EQR) U.S. Home Prices Mixed &#8211; Good News</title>
		<link>http://www.stockbloghub.com/2011/06/28/eqr-u-s-home-prices-mixed-good-news/77730</link>
		<comments>http://www.stockbloghub.com/2011/06/28/eqr-u-s-home-prices-mixed-good-news/77730#comments</comments>
		<pubDate>Tue, 28 Jun 2011 23:37:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[International Paper Company]]></category>
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		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77730</guid>
		<description><![CDATA[In April, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose an ever-so-slight 0.01% on a seasonally adjusted basis, and is down 3.04% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.09% on the month and is down 3.93% from a year ago. Prices for both indexes rose on a not-seasonally-adjusted basis. Of the 20 cities, nine were up on the month-to-month basis (seasonally adjusted), and 11 were down. Year over year, though, just Washington DC areas saw a gain and 19 suffered losses. Washington DC was the strongest by far, with prices up 1.96% on the month and up 4.09% from a year ago. The rise in the C-10 was the first increase since June ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/28/eqr-u-s-home-prices-mixed-good-news/77730/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(DHI) New Homes Sales Down Less than Expected</title>
		<link>http://www.stockbloghub.com/2011/06/23/dhi-new-homes-sales-down-less-than-expected/77288</link>
		<comments>http://www.stockbloghub.com/2011/06/23/dhi-new-homes-sales-down-less-than-expected/77288#comments</comments>
		<pubDate>Thu, 23 Jun 2011 20:05:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FO]]></category>
		<category><![CDATA[Fortune Brands Inc.]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[International Paper Company]]></category>
		<category><![CDATA[IP]]></category>
		<category><![CDATA[PPG]]></category>
		<category><![CDATA[PPG Industries Inc.]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77288</guid>
		<description><![CDATA[New Home Sales in May fell by 2.1% from April, to a rate of 319,000. Relative to a year ago, sales are up 13.5%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. Offsetting the decline was an upward revision to the April numbers of 3,000 to 326,000. Thus relative to where we thought we were, it could be seen as a 1.2% decrease. The May level was, however, substantially better than the expected rate of 305,000. Still, the 12 lowest months on record (back to 1963) for New Home Sales, have all been in the last year. We are up nicely from a year ago, but that was against an “easy comp,” as sales were inflated by the rush to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/23/dhi-new-homes-sales-down-less-than-expected/77288/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SHW) U.S. Used Home Sales &#8211; Prices Fall</title>
		<link>http://www.stockbloghub.com/2011/06/21/shw-u-s-used-home-sales-prices-fall/76975</link>
		<comments>http://www.stockbloghub.com/2011/06/21/shw-u-s-used-home-sales-prices-fall/76975#comments</comments>
		<pubDate>Wed, 22 Jun 2011 00:32:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Chemicals - Major Diversified]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[La-Z-Boy Inc.]]></category>
		<category><![CDATA[LZB]]></category>
		<category><![CDATA[Sherwin-Williams Company]]></category>
		<category><![CDATA[SHW]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>
		<category><![CDATA[Weyerhaeuser Company]]></category>
		<category><![CDATA[WY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76975</guid>
		<description><![CDATA[In May, Existing Home Sales ran at a seasonally adjusted annual rate of 4.81 million. That pace is 3.1% lower than in April, and 15.3% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was slightly above consensus expectations of a 4.78 million annual rate. April was revised down from an initial read of 5.05 million, to 5.00 million. The history of used home sales is shown in the graph below (from http://www.calculatedriskblog.com/): Sales of single-family homes fell by 3.2% on the month to a rate of 4.24 million, and are off 15.4% year over year. The median price of a single-family home nationwide slipped 4.6% from a year ago to $166,700. Condo and co-op sales ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/21/shw-u-s-used-home-sales-prices-fall/76975/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JPM) Housing Foreclosures Continue to Slow Down</title>
		<link>http://www.stockbloghub.com/2011/06/20/jpm-housing-foreclosures-continue-to-slow-down/76836</link>
		<comments>http://www.stockbloghub.com/2011/06/20/jpm-housing-foreclosures-continue-to-slow-down/76836#comments</comments>
		<pubDate>Tue, 21 Jun 2011 04:18:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76836</guid>
		<description><![CDATA[Last week, data released by RealtyTrac, the leading online marketplace of foreclosure properties, revealed that foreclosure filings in May dropped to the lowest level since 2006. A total of 214,927 properties were issued notices of default, auction or repossession during the month of May, which reflected a decline of 2% from the prior month and 33% from prior-year period. The recent spate of foreclosure scams has led to constant regulatory inquiry into flawed foreclosure paperwork and procedures, which in turn has compelled the lenders to hold up their actions against defaulting homeowners. The delayed foreclosure processing, along with a persistent housing market slump, has mainly caused foreclosures to slow down. Further, though the number of foreclosed properties has been steadily declining in the last 16 months, the number of homes ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/20/jpm-housing-foreclosures-continue-to-slow-down/76836/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Fannie Mae Spurs Foreclosure Sales</title>
		<link>http://www.stockbloghub.com/2011/06/20/bac-fannie-mae-spurs-foreclosure-sales/76876</link>
		<comments>http://www.stockbloghub.com/2011/06/20/bac-fannie-mae-spurs-foreclosure-sales/76876#comments</comments>
		<pubDate>Tue, 21 Jun 2011 04:14:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76876</guid>
		<description><![CDATA[Observing a downswing in foreclosed property sales, Fannie Mae (FNMA) is trying to lure buyers with attractive incentives. Fannie Mae started providing incentives to foreclosed home buyers in 2010, but it will now enhance its offers to increase sales of foreclosed homes it owns. Though the incentives are expected to bring some relief for Fannie Mae by reducing its burden related to foreclosed homes to some extent, its success is still in doubt as the regulators have still not been able to settle critical deficiencies related to the foreclosure process. T&#38;C of Incentives If buyers purchase a foreclosed home held by Fannie Mae on or before October 31, the company will give up to 3.5% of the property’s sale price as incentive, which would help buyers pay off closing costs. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) Double Dip in Housing is Official &#8211; ValuEngine.com Chief Market Strategist Suttmeier</title>
		<link>http://www.stockbloghub.com/2011/06/01/axr-double-dip-in-housing-is-official-valuengine-com-chief-market-strategist-suttmeier/75199</link>
		<comments>http://www.stockbloghub.com/2011/06/01/axr-double-dip-in-housing-is-official-valuengine-com-chief-market-strategist-suttmeier/75199#comments</comments>
		<pubDate>Wed, 01 Jun 2011 15:50:37 +0000</pubDate>
		<dc:creator>valuengine</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Real Estate Development]]></category>
		<category><![CDATA[AMREP Corporation]]></category>
		<category><![CDATA[AXR]]></category>
		<category><![CDATA[Beazer Homes USA Inc.]]></category>
		<category><![CDATA[BZH]]></category>
		<category><![CDATA[CHCI]]></category>
		<category><![CDATA[Comstock Homebuilding Companies Inc]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[HOV]]></category>
		<category><![CDATA[Hovnanian Enterprises Inc.]]></category>
		<category><![CDATA[KB Home]]></category>
		<category><![CDATA[KBH]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>
		<category><![CDATA[M-I Homes Inc]]></category>
		<category><![CDATA[MDC]]></category>
		<category><![CDATA[MDC Holdings Inc.]]></category>
		<category><![CDATA[Meritage Homes Corporation]]></category>
		<category><![CDATA[MHO]]></category>
		<category><![CDATA[MTH]]></category>
		<category><![CDATA[NVR]]></category>
		<category><![CDATA[NVR Inc.]]></category>
		<category><![CDATA[PHM]]></category>
		<category><![CDATA[Pulte Homes Inc.]]></category>
		<category><![CDATA[RYL]]></category>
		<category><![CDATA[Ryland Group Inc.]]></category>
		<category><![CDATA[SPF]]></category>
		<category><![CDATA[Standard Pacific Corporation]]></category>
		<category><![CDATA[TOL]]></category>
		<category><![CDATA[Toll Brothers Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75199</guid>
		<description><![CDATA[The latest Case-Shiller data&#8211;released today, confirms that housing prices in the U.S. are suffering from a double dip.  Home prices fell 4.2% in the first quarter of 2011 and have a hit a new post-bubble low.   To make matters worse, 60% of the component cities in the Case-Shiller index posted new lows in March.  Only Washington DC and Seattle posted increases in prices.  Overall, prices are now at levels last seen in 2002.  Analysts have found that the end of the home buyer tax credit last year removed much-needed support for the market. Our Chief Market Strategist Richard Suttmeier has been predicting this event for quite some time now.  His analysis of the housing and banking sectors has been quite accurate with warnings about the frailty of the market and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/01/axr-double-dip-in-housing-is-official-valuengine-com-chief-market-strategist-suttmeier/75199/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(BAC) Bank of America Mortgage Rating Downgraded</title>
		<link>http://www.stockbloghub.com/2011/05/05/bac-bank-of-america-mortgage-rating-downgraded/73327</link>
		<comments>http://www.stockbloghub.com/2011/05/05/bac-bank-of-america-mortgage-rating-downgraded/73327#comments</comments>
		<pubDate>Thu, 05 May 2011 13:38:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73327</guid>
		<description><![CDATA[Bank of America Corporation’s (BAC) mortgage servicing ratings have been downgraded by Moody&#8217;s Investors Service, a rating arm of Moody&#8217;s Corp. (MCO). The main reason behind the cut was the deterioration in the company&#8217;s collections and loss mitigation on home loans. The rating agency lowered BofA’s servicing rating on prime, subprime and second lien mortgages to “SQ2” from “SQ1”. Similarly, the company’s grade as a primary and special servicer for both first and second lien mortgages was cut to “SQ2-“ from “SQ1-“. The rating agency rates the mortgage servicer on a scale of SQ1 to SQ5, with the latter being the lowest one. These servicer ratings are reflections of the company’s capability to avoid or lessen losses in a securitization. Additionally, the rating agency stated that due to irregularity and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/05/05/bac-bank-of-america-mortgage-rating-downgraded/73327/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(DHI) Home Prices Still Falling</title>
		<link>http://www.stockbloghub.com/2011/05/01/dhi-home-prices-still-falling/72469</link>
		<comments>http://www.stockbloghub.com/2011/05/01/dhi-home-prices-still-falling/72469#comments</comments>
		<pubDate>Mon, 02 May 2011 06:05:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[International Paper Company]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=72469</guid>
		<description><![CDATA[In February, home prices continued to slip, and the declines were widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.23% on a seasonally adjusted basis, and is down 2.60% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.18% on the month and is down 3.26% from a year ago. The second down leg of housing prices continues. Of the 20 cities, six were up on a month to month basis, and 14 were down. Year over year, though, just Washington DC areas saw a gain and the 19 others suffered losses. Washington DC was the strongest by far, with prices up 2.77% from a year ago. Boston was next best with a decline of 0.99%. This is the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/05/01/dhi-home-prices-still-falling/72469/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Latest Poor Case-Shiller Housing Data Bolsters Predictions of Double Dip</title>
		<link>http://www.stockbloghub.com/2011/04/27/latest-poor-case-shiller-housing-data-bolsters-predictions-of-double-dip/72456</link>
		<comments>http://www.stockbloghub.com/2011/04/27/latest-poor-case-shiller-housing-data-bolsters-predictions-of-double-dip/72456#comments</comments>
		<pubDate>Wed, 27 Apr 2011 17:49:12 +0000</pubDate>
		<dc:creator>valuengine</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Housing]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=72456</guid>
		<description><![CDATA[New housing data from Case-Shiller released today shows that prices have declined yet again and are now at levels barely above their April 2009 bottom. Housing has now declined to a point that is roughly equal to its 2003 level according to the Case-Shiller composite indices. While sales were bolstered by the Federal tax credit plan for a while, the elimination of that program has led to another decline. Foreclosure sales now make up a substantial portion of home sales&#8211;which further depresses prices. Only Washington DC posted a year-over-year gain in price levels. This poor data follows on the heels of the recent Census Department data which showed a year-over-year decline of almost 22% in the sales rate of new single-family homes. Our Chief Market Strategist Richard Suttmeier has been ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/27/latest-poor-case-shiller-housing-data-bolsters-predictions-of-double-dip/72456/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. New Housing Starts and Permits Rise</title>
		<link>http://www.stockbloghub.com/2011/04/23/dhi-u-s-new-housing-starts-and-permits-rise/71884</link>
		<comments>http://www.stockbloghub.com/2011/04/23/dhi-u-s-new-housing-starts-and-permits-rise/71884#comments</comments>
		<pubDate>Sat, 23 Apr 2011 15:24:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FO]]></category>
		<category><![CDATA[Fortune Brands Inc.]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71884</guid>
		<description><![CDATA[Housing Starts rose in March to a seasonally adjusted annual rate of 549,000 from 512,000 in February, an increase of 7.2%. Also, the February numbers were revised sharply higher from 479,000, so it is possible to see the increase as 70,000, or 14.6%. Relative to a year ago they are down 13.4%. Quite frankly, a year ago was also a pretty lousy time for homebuilders, so the fall is off a pretty easy comp. If one looks at only single-family houses, the picture was more or less the same, rising to 422,000 from 392,000 in February, a rise of 7.7%, and down 21.1% from a year ago. February starts were revised up from 375,000, so single-family starts are up 12.5% from where we thought they were last month.  The volatile ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/23/dhi-u-s-new-housing-starts-and-permits-rise/71884/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SHW) U.S. Home Reseale Report Better than Expected</title>
		<link>http://www.stockbloghub.com/2011/04/22/shw-u-s-home-reseale-report-better-than-expected/71994</link>
		<comments>http://www.stockbloghub.com/2011/04/22/shw-u-s-home-reseale-report-better-than-expected/71994#comments</comments>
		<pubDate>Fri, 22 Apr 2011 16:27:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Chemicals - Major Diversified]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[La-Z-Boy Inc.]]></category>
		<category><![CDATA[LZB]]></category>
		<category><![CDATA[Sherwin-Williams Company]]></category>
		<category><![CDATA[SHW]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>
		<category><![CDATA[Weyerhaeuser Company]]></category>
		<category><![CDATA[WY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71994</guid>
		<description><![CDATA[In March, Existing Home Sales ran at a seasonally adjusted annual rate of 5.10 million. That pace is 3.7% higher than in February, but 6.3% below the year-ago rate. The March sales rate was above consensus expectations of a 5.00 million annual rate. February was revised up from an initial read of 4.88 million, to 4.92 million. Relative to where we thought we were, the month-to-month increase was 4.5%. The history of used home sales is shown in the graph below (from http://www.calculatedriskblog.com/). Sales of single-family homes rose by 4.0% on the month to a rate of 4.45 million, but are off 6.5% year over year. The median price of a single-family home nationwide slipped 5.3% from a year ago to $160,500. Condo and co-op sales rose 1.6% on the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/22/shw-u-s-home-reseale-report-better-than-expected/71994/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) RealtyTrac Reports Foreclosures Dwindle In 2011 First Quarter</title>
		<link>http://www.stockbloghub.com/2011/04/14/jpm-realtytrac-reports-foreclosures-dwindle-in-2011-first-quarter/71581</link>
		<comments>http://www.stockbloghub.com/2011/04/14/jpm-realtytrac-reports-foreclosures-dwindle-in-2011-first-quarter/71581#comments</comments>
		<pubDate>Thu, 14 Apr 2011 16:25:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71581</guid>
		<description><![CDATA[On Wednesday, the leading online marketplace of foreclosure properties, RealtyTrac, revealed that foreclosure filings fell to a 3-year low in the first quarter of 2011. A total of 681,153 properties were slammed with notices of default, auction or repossession in the reported quarter, which marked a drop of 15% from the prior quarter and 27% from the year-ago quarter. Foreclosures tumbled during the first three months of 2011 as the lenders were facing inquiry for flawed paperwork and faulty procedures. Lenders are currently executing the foreclosure processes quite cautiously and trying to put in place a new system to deal with home loan failures. According to RealtyTrac’s data, foreclosure decline was higher in the judicial states, where documents need to be filed in the court, as against the non-judicial states, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/14/jpm-realtytrac-reports-foreclosures-dwindle-in-2011-first-quarter/71581/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Federal Reserve Beige Book Summary</title>
		<link>http://www.stockbloghub.com/2011/04/13/federal-reserve-beige-book-summary/71475</link>
		<comments>http://www.stockbloghub.com/2011/04/13/federal-reserve-beige-book-summary/71475#comments</comments>
		<pubDate>Thu, 14 Apr 2011 02:33:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[markets]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71475</guid>
		<description><![CDATA[The Beige Book is a compilation of mostly anecdotal evidence from the 12 Federal Reserve Districts about the state of the economy. This month’s edition was just released. Generally I would describe the report as being upbeat, but not exuberant. Slow and steady progress is widespread, both geographically and across sectors of the economy. The major exception to that is Real Estate, both residential and Commercial. While some companies are facing cost pressures from raw materials, they are not facing much in the way of wage pressure, so overall net margins are really not threatened, even though they are, for the most part, having trouble raising prices. Below I present, without much comment some of the key findings of the report, particularly focusing on the remarks that are generalized across ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/13/federal-reserve-beige-book-summary/71475/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(KBH) Homes Crumble &#8211; Mortgage Applications Fall as Rates Rise</title>
		<link>http://www.stockbloghub.com/2011/04/10/kbh-homes-crumble-as-mortgage-rates-rise/70985</link>
		<comments>http://www.stockbloghub.com/2011/04/10/kbh-homes-crumble-as-mortgage-rates-rise/70985#comments</comments>
		<pubDate>Sun, 10 Apr 2011 15:48:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[KB Home]]></category>
		<category><![CDATA[KBH]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>
		<category><![CDATA[PHM]]></category>
		<category><![CDATA[Pulte Homes Inc.]]></category>
		<category><![CDATA[TOL]]></category>
		<category><![CDATA[Toll Brothers Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70985</guid>
		<description><![CDATA[The rising mortgage rates in the U.S. have pulled down the total mortgage applications in the country, thereby discouraging home buyers. The 30-year fixed mortgage rate increased slightly to 4.93% from 4.92% in the last week, leading to a 2% drop in mortgage application on a seasonally adjusted basis. The overall economic recovery has undoubtedly improved market conditions, making houses more affordable to consumers. But surprisingly this has not accelerated the housing activity much as a result of the twin problems of tight credit conditions and a considerable level of contract cancellations. The limited credit availability is a crucial factor behind the decline in home sales in the U.S. economy. The banks have been tightening their credit facility mostly because of tightened lending standards and uncertain economic prospects. In turn, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/10/kbh-homes-crumble-as-mortgage-rates-rise/70985/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Will Cash for Keys Fix Foreclosure?</title>
		<link>http://www.stockbloghub.com/2011/03/31/bac-will-cash-for-keys-fix-foreclosure/69858</link>
		<comments>http://www.stockbloghub.com/2011/03/31/bac-will-cash-for-keys-fix-foreclosure/69858#comments</comments>
		<pubDate>Thu, 31 Mar 2011 14:39:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=69858</guid>
		<description><![CDATA[An immediate “cash for keys” solution to the foreclosure mess is probably knocking at the door. Mortgage servicers have long been striving to reach a single broad settlement for critical deficiencies related to the foreclosure process, but this is yet to materialize due to internal disagreements among participants. According to a Financial Times report, the Federal Deposit Insurance Corporation (FDIC) chaired a meeting last Monday. The agenda of the meeting was to figure out a quick fix for the foreclosure crisis. At the private meeting, regulators asked top five mortgage servicers to pay up to $21,000 to delinquent borrowers. Though the proposal to compensate borrowers for their homes is yet to be finalized, we can presume that, if enacted, it would teach mortgage servicers a valuable lesson and alleviate the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/31/bac-will-cash-for-keys-fix-foreclosure/69858/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BOBE) U.S. Housing Starts Plunge Yet Again</title>
		<link>http://www.stockbloghub.com/2011/03/31/bobe-u-s-housing-starts-plunge-yet-again/68884</link>
		<comments>http://www.stockbloghub.com/2011/03/31/bobe-u-s-housing-starts-plunge-yet-again/68884#comments</comments>
		<pubDate>Thu, 31 Mar 2011 14:36:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Restaurants]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Bob Evans Farms Inc.]]></category>
		<category><![CDATA[BOBE]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=68884</guid>
		<description><![CDATA[Housing Starts plunged in February to a seasonally-adjusted annual rate of just 479,000 from 618,000 in January, a drop of 22.5%. As a small silver lining, the January numbers were revised higher from 596,000, so it is possible to see the decrease as 117,000, or &#8220;just&#8221; 19.6%. Relative to a year ago, they are down 20.8%. Quite frankly, a year ago was also a pretty lousy time for the home builders, so the drop is off a pretty easy comp. If one looks at only single family houses, the picture was just plain ugly, falling to 375,000 from 425,000 in January, a drop of 11.8% and down 28.8% from a year ago. The volatile multi family (Apartment, Condo and Co-op) sector fell a massive 47.0% to an annual rate of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/31/bobe-u-s-housing-starts-plunge-yet-again/68884/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Housing Industry Still Struggling</title>
		<link>http://www.stockbloghub.com/2011/03/31/dhi-u-s-housing-industry-still-struggling/69023</link>
		<comments>http://www.stockbloghub.com/2011/03/31/dhi-u-s-housing-industry-still-struggling/69023#comments</comments>
		<pubDate>Thu, 31 Mar 2011 14:34:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>
		<category><![CDATA[Meritage Homes Corporation]]></category>
		<category><![CDATA[MTH]]></category>
		<category><![CDATA[PHM]]></category>
		<category><![CDATA[Pulte Homes Inc.]]></category>
		<category><![CDATA[TOL]]></category>
		<category><![CDATA[Toll Brothers Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=69023</guid>
		<description><![CDATA[The prolonged weakness in the housing industry has extended up to February 2011. Housing starts fell 22.5% year over year to a seasonally-adjusted annual rate of 479,000 units in February, in contrary to an expectation of an improvement to 580,000 units. The drop in housing starts during the month was the highest since March 1984, driven by a 46% year-over-year decline in multi-family home construction starts along with a 12% fall in single-family starts. The construction of single-family and multi-family home starts decreased to 375,000 units and 104,000 units, respectively. The country’s major homebuilders including D.R. Horton (DHI), PulteGroup (PHM), Meritage Homes Corporation (MTH), Toll Brothers (TOL) and Lennar Corp. (LEN) have been struggling with poor demand, which affects their financial performance. A sloppy housing industry, despite modest recovery in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/31/dhi-u-s-housing-industry-still-struggling/69023/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AXR) Home Sales Take Another Dive &#8211; ValuEngine Ratings for Home Builders Show Duress</title>
		<link>http://www.stockbloghub.com/2011/03/23/axr-home-sales-take-another-dive-valuengine-ratings-for-home-builders-show-duress/69020</link>
		<comments>http://www.stockbloghub.com/2011/03/23/axr-home-sales-take-another-dive-valuengine-ratings-for-home-builders-show-duress/69020#comments</comments>
		<pubDate>Wed, 23 Mar 2011 22:00:39 +0000</pubDate>
		<dc:creator>valuengine</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Real Estate Development]]></category>
		<category><![CDATA[AMREP Corporation]]></category>
		<category><![CDATA[AXR]]></category>
		<category><![CDATA[Beazer Homes USA Inc.]]></category>
		<category><![CDATA[BHS]]></category>
		<category><![CDATA[Brookfield Homes Corporation]]></category>
		<category><![CDATA[BZH]]></category>
		<category><![CDATA[CHCI]]></category>
		<category><![CDATA[Comstock Homebuilding Companies Inc]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[HOV]]></category>
		<category><![CDATA[Hovnanian Enterprises Inc.]]></category>
		<category><![CDATA[KB Home]]></category>
		<category><![CDATA[KBH]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>
		<category><![CDATA[M-I Homes Inc]]></category>
		<category><![CDATA[MDC]]></category>
		<category><![CDATA[MDC Holdings Inc.]]></category>
		<category><![CDATA[Meritage Homes Corporation]]></category>
		<category><![CDATA[MHO]]></category>
		<category><![CDATA[MTH]]></category>
		<category><![CDATA[NVR]]></category>
		<category><![CDATA[NVR Inc.]]></category>
		<category><![CDATA[RYL]]></category>
		<category><![CDATA[Ryland Group Inc.]]></category>
		<category><![CDATA[SPF]]></category>
		<category><![CDATA[Standard Pacific Corporation]]></category>
		<category><![CDATA[TOL]]></category>
		<category><![CDATA[Toll Brothers Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=69020</guid>
		<description><![CDATA[We had poor home sales data last week&#8211;new housing starts came in at their lowest levels since 1974.  Today, we got even more.  New home sales fell yet again and came in at a new record low.  The US Commerce Department&#8211;which has been keeping this data set almost 50 years, reports that on a seasonally-adjusted annual basis the US is on track to sell 250,000 homes.  That is far below the rate of 700,000 considered &#8220;healthy.&#8221;  The prices of the new homes continue to decline as well and have now declined to the levels of December, 2003. Our Chief Market Strategist Richard Suttmeier has been tracking this issue for years now, and called the initial bubble way before most analysts.  He notes in his most recent ValuEngine FDIC Report that ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/23/axr-home-sales-take-another-dive-valuengine-ratings-for-home-builders-show-duress/69020/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Is U.S. Bank Foreclosure Process Being Modified?</title>
		<link>http://www.stockbloghub.com/2011/03/13/jpm-is-u-s-bank-foreclosure-process-being-modified/68215</link>
		<comments>http://www.stockbloghub.com/2011/03/13/jpm-is-u-s-bank-foreclosure-process-being-modified/68215#comments</comments>
		<pubDate>Sun, 13 Mar 2011 18:53:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=68215</guid>
		<description><![CDATA[On Friday, the Wall Street Journal reported that many large U.S. mortgage servicers received a document proposing changes in foreclosure policies from state attorneys general (AGs) and federal regulators. These mortgage servicers include names like JPMorgan Chase &#38; Co (JPM), Bank of America Corporation (BAC), Ally Financial Inc., Wells Fargo &#38; Company (WFC) and Citigroup Inc. (C). The document has been designed to lay the groundwork for certain permanent changes in mortgage servicing practices and summarizes a mandatory code of conduct. The proposal has been backed by the Justice Department, the U.S. Housing and Urban Development Department, the Federal Trade Commission and Treasury Department. This, however, is not part of any settlement deal related to financial penalties, which regulators are supposedly working on. What’s the Proposal? At present, the government’s ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/13/jpm-is-u-s-bank-foreclosure-process-being-modified/68215/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. New Home Sales Decline 12.6%</title>
		<link>http://www.stockbloghub.com/2011/03/07/dhi-u-s-new-home-sales-decline-12-6/67810</link>
		<comments>http://www.stockbloghub.com/2011/03/07/dhi-u-s-new-home-sales-decline-12-6/67810#comments</comments>
		<pubDate>Mon, 07 Mar 2011 18:00:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>
		<category><![CDATA[Meritage Homes Corporation]]></category>
		<category><![CDATA[MTH]]></category>
		<category><![CDATA[PHM]]></category>
		<category><![CDATA[Pulte Homes Inc.]]></category>
		<category><![CDATA[TOL]]></category>
		<category><![CDATA[Toll Brothers Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67810</guid>
		<description><![CDATA[The feeble condition of the homebuilding industry has once again reflected in the home sales statistics for January. New home sales dropped 12.6% to a seasonally adjusted 284,000 units from 325,000 units in December last year. Meanwhile, pending home sales index fell 2.8% to 88.9 from 91.5 in the previous month. The decline in new home sales during the month was attributable to the deteriorating conditions in the West as well as in the South, partly offset by improvement in the Northeast and the Midwest markets in the U.S. The Western market saw a 37% drop in sales followed by a 13% decline in the South, partially offset by a 55% increase in sales in the Northeast and 17% in the Midwest. The country’s major homebuilders including D.R. Horton (DHI), ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/07/dhi-u-s-new-home-sales-decline-12-6/67810/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MCO) Are Housing Prices Nearing Bottom &#8211; Is 2011 The Right Time to Buy a House?</title>
		<link>http://www.stockbloghub.com/2011/03/03/mco-are-housing-prices-nearing-bottom-is-2011-the-right-time-to-buy-a-house/67836</link>
		<comments>http://www.stockbloghub.com/2011/03/03/mco-are-housing-prices-nearing-bottom-is-2011-the-right-time-to-buy-a-house/67836#comments</comments>
		<pubDate>Thu, 03 Mar 2011 21:37:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[CCI]]></category>
		<category><![CDATA[Crown Castle International Corporation]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67836</guid>
		<description><![CDATA[Is 2011 a good year to buy a house if the pocket permits? Declining home prices and a low interest rate environment suggest that the time is just perfect. Also, many of economists expect housing prices to bottom in 2011. So, if buyers have a secure job and the confidence to meet stricter lender requirements, it would probably be a wise decision to proceed. House Keys to Remember Given below are pre-buying pointers for a safe and quick home transaction: The total cost including mortgages, insurance, taxes and regular maintenance expenses should be substantially lower than the rent of an equivalent home. The buyer should be able to keep the home for a long time, at least 10 years. As it is difficult to predict that home prices will decline ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/03/mco-are-housing-prices-nearing-bottom-is-2011-the-right-time-to-buy-a-house/67836/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. January 2010 New Home Sales Dismal</title>
		<link>http://www.stockbloghub.com/2011/02/28/dhi-u-s-january-2010-new-home-sales-dismal/67566</link>
		<comments>http://www.stockbloghub.com/2011/02/28/dhi-u-s-january-2010-new-home-sales-dismal/67566#comments</comments>
		<pubDate>Mon, 28 Feb 2011 16:27:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FO]]></category>
		<category><![CDATA[Fortune Brands Inc.]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[PPG]]></category>
		<category><![CDATA[PPG Industries Inc.]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67566</guid>
		<description><![CDATA[New Home Sales in January fell by 12.6% from December, to a dismal rate of 284,000. Relative to a year ago, sales are down 18.6%. The December rate was revised down to 325,000 from 329,000. Thus relative to where we thought we were, it could be seen as a 13.7% decline. The level was substantially worse than the expected rate of 310,000. The nine lowest months on record (back to 1963) for New Home Sales, have all been in the last nine months. We are still down from a year ago, and it is not like a year ago was a great time in the homebuilding industry, either. Relative to the peak of the housing bubble (7/05) new home sales are down 79.5%. The very low May sales rate (282,000) ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/28/dhi-u-s-january-2010-new-home-sales-dismal/67566/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Home Prices Fall Again in December &#8211; Case-Schiller</title>
		<link>http://www.stockbloghub.com/2011/02/22/dhi-u-s-home-prices-fall-again-in-december-case-schiller/67373</link>
		<comments>http://www.stockbloghub.com/2011/02/22/dhi-u-s-home-prices-fall-again-in-december-case-schiller/67373#comments</comments>
		<pubDate>Wed, 23 Feb 2011 00:18:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[International Paper Company]]></category>
		<category><![CDATA[IP]]></category>
		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67373</guid>
		<description><![CDATA[In December, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.36% on a seasonally adjusted basis, and is down 1.22% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.41% on the month and is down 2.40% from a year ago. This is the second month in this second leg down in housing prices that the year-over-year change has been negative for both composites; it will not be the last. Of the 20 cities, only six posted gains on the month. The biggest gains were in DC, up 1.14% on the month, followed by Dallas, up 0.80% and Boston, up 0.61%. There were 14 metropolitan areas where prices fell ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/22/dhi-u-s-home-prices-fall-again-in-december-case-schiller/67373/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(JPM) U.S. Bank Regulators Prepare to Announce Bank Penalties for Improper Foreclosures</title>
		<link>http://www.stockbloghub.com/2011/02/18/jpm-u-s-bank-regulators-prepare-to-announce-bank-penalties-for-improper-foreclosures/67205</link>
		<comments>http://www.stockbloghub.com/2011/02/18/jpm-u-s-bank-regulators-prepare-to-announce-bank-penalties-for-improper-foreclosures/67205#comments</comments>
		<pubDate>Fri, 18 Feb 2011 16:51:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67205</guid>
		<description><![CDATA[Following the detection of critical deficiencies related to the foreclosure process, U.S. bank regulators are preparing to punish mortgage servicers, Reuters reported on Wednesday. Though the extent of penalty is still to be decided by the regulators, we can presume that it would come as a lesson to mortgage servicers and abate the looming threat on housing recovery. Why and How of &#8220;Critical Deficiencies&#8221; Referring the nationwide investigation related to the paperwork and procedures of foreclosures, the acting head of the Office of the Comptroller of the Currency, John Walsh, elucidated that many of the mortgage servicers violated state and local foreclosure laws. As a result, the functioning of the foreclosure process was severely injured. This is the underlying reason behind the critical deficiencies. However, the impact was not as ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/18/jpm-u-s-bank-regulators-prepare-to-announce-bank-penalties-for-improper-foreclosures/67205/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(DHI) Multi-family Housing Starts Explode</title>
		<link>http://www.stockbloghub.com/2011/02/18/dhi-multi-family-housing-starts-explode/67085</link>
		<comments>http://www.stockbloghub.com/2011/02/18/dhi-multi-family-housing-starts-explode/67085#comments</comments>
		<pubDate>Fri, 18 Feb 2011 16:39:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Bob Evans Farms Inc.]]></category>
		<category><![CDATA[BOBE]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67085</guid>
		<description><![CDATA[Housing Starts rose in January to a seasonally adjusted annual rate of just 596,000 from 520,000 in December, a rise of 14.6%. The December numbers were revised lower from 529,000, so it is possible to see the increase as 67,000, or 12.7%. Relative to a year ago they are down 2.6%. Quite frankly, a year ago was also a pretty lousy time for homebuilders, so the increase is off a pretty easy comp. If one looks at only single-family houses, the picture was worse, falling to 413,000 from 417,000 in December a drop of 1.0%, and down 19.2% from a year ago. The multi-family (Apartment, Condo and Co-op) sector rose a massive 80.0% to an annual rate of 171,000. Year over year, multi-family starts are up 81.9%. The total starts ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/18/dhi-multi-family-housing-starts-explode/67085/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(LEN) U.S. Housing Market Index Unchanged in February &#8211; It is Still Awful</title>
		<link>http://www.stockbloghub.com/2011/02/16/len-u-s-housing-market-index-unchanged-in-february-it-is-still-awful/67023</link>
		<comments>http://www.stockbloghub.com/2011/02/16/len-u-s-housing-market-index-unchanged-in-february-it-is-still-awful/67023#comments</comments>
		<pubDate>Wed, 16 Feb 2011 18:10:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[FO]]></category>
		<category><![CDATA[Fortune Brands Inc.]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67023</guid>
		<description><![CDATA[The National Association of Home Builders (NAHB) Housing Market Index (HMI) was unchanged in February, holding at 16 for the fourth month in a row. The index is a “magic 50” index, where 50 is the dividing line between homebuilders seeing the conditions as been good and being poor. As such, 16 is an extremely weak reading. The index is made up of three sub-indexes. The index tracking current sales improved by 2 points, but that only brought it up to a level of 17. The index that tracks sales expectations over the next six months rose by one point, to 25, while the index that tracks the traffic of potential homebuyers in the model homes was unchanged at 12. If you want to hunt real hard for a silver ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/16/len-u-s-housing-market-index-unchanged-in-february-it-is-still-awful/67023/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Housing Starts Fall in December 2010 &#8211; Permits Up</title>
		<link>http://www.stockbloghub.com/2011/01/24/dhi-u-s-housing-starts-fall-in-december-2010-permits-up/65402</link>
		<comments>http://www.stockbloghub.com/2011/01/24/dhi-u-s-housing-starts-fall-in-december-2010-permits-up/65402#comments</comments>
		<pubDate>Mon, 24 Jan 2011 19:01:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Bob Evans Farms Inc.]]></category>
		<category><![CDATA[BOBE]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=65402</guid>
		<description><![CDATA[Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down 8.2%. Quite frankly, a year ago was a pretty lousy time for the home builders as well. If one looks at only single-family houses, the decline was even worse &#8212; falling to 417,000 from 458,000 in November, a drop of 9.0%. The volatile multi-family (Condo and Co-op) sector, rose 25.9% to an annual rate of  102,000. Year-over-year single-family starts are down 14.2%, and multi-family starts are up 30.8%. The total starts number was below consensus expectations of a 550,000 annual rate. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/01/24/dhi-u-s-housing-starts-fall-in-december-2010-permits-up/65402/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SHW) U.S. Existing Home Sales Rise</title>
		<link>http://www.stockbloghub.com/2011/01/20/shw-u-s-existing-home-sales-rise/65482</link>
		<comments>http://www.stockbloghub.com/2011/01/20/shw-u-s-existing-home-sales-rise/65482#comments</comments>
		<pubDate>Thu, 20 Jan 2011 20:33:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Chemicals - Major Diversified]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[La-Z-Boy Inc.]]></category>
		<category><![CDATA[LZB]]></category>
		<category><![CDATA[Sherwin-Williams Company]]></category>
		<category><![CDATA[SHW]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[Weyerhaeuser Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[WY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=65482</guid>
		<description><![CDATA[In December, existing home sales ran at a seasonally adjusted annual rate of 5.28 million. That pace is 12.3% higher than in November, but 2.9% below the year-ago rate. The year-ago rate of 5.44 million was inflated as everyone was rushing to get the deals done before they thought the first-time buyer tax credit would expire. The tax credit was unexpectedly extended (and expanded) at the last minute. Thus, take the year-over-year decline with a grain of salt. The December sales rate was well above consensus expectations of a 4.80 million annual rate. The spike a year ago due to the tax credit &#8212; along with the secondary spike when the credit actually did expire for real in June &#8212; can be seen in the first graph (from http://www.calculatedriskblog.com/) Sales ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/01/20/shw-u-s-existing-home-sales-rise/65482/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Dec 30: Pending Home Sales &#8211; Economic Highlights</title>
		<link>http://www.stockbloghub.com/2010/12/31/dec-30-pending-home-sales-economic-highlights/64294</link>
		<comments>http://www.stockbloghub.com/2010/12/31/dec-30-pending-home-sales-economic-highlights/64294#comments</comments>
		<pubDate>Fri, 31 Dec 2010 20:33:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=64294</guid>
		<description><![CDATA[Pending Home Sales increased 3.5% to 92.2, against expectationsof a 1.5% increase. The Pending Home Sales Index had increased 10.4% in October to an index value of 89.1, following a 1.8% decrease in September. The index was 5.0% lower than November 2009, when it was at 97.0. Crude inventories decreased by 1.3 million barrels, for the week ending December 24, from the previous week to 339.4 million barrels and were above the upper limit of the average range for this time of year. U.S. crude oil refinery inputs averaged 14.9 million barrels per day during this period, 3 thousand barrels per day above the previous week&#8217;s average. U.S. crude oil imports were averaging 8.8 million barrels per day, up by 72 thousand barrels per day from the previous week. Upcoming ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/31/dec-30-pending-home-sales-economic-highlights/64294/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(MCO) U.S. Home Foreclosures Jumped in 2010 Third Quarter!  Warning for 2011?</title>
		<link>http://www.stockbloghub.com/2010/12/30/mco-u-s-home-foreclosures-jumped-in-2010-third-quarter-warning-for-2011/64276</link>
		<comments>http://www.stockbloghub.com/2010/12/30/mco-u-s-home-foreclosures-jumped-in-2010-third-quarter-warning-for-2011/64276#comments</comments>
		<pubDate>Thu, 30 Dec 2010 16:08:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=64276</guid>
		<description><![CDATA[Just a couple of days before entering the New Year, a report from bank regulators revels that the U.S. home foreclosures jumped in the third quarter as lesser number of distressed borrowers received assistance related to loan modifications from mortgage servicers. This seems to be one of the reasons for the extensiveslip in home prices in 20 of the largest U.S. cities in October. Should we view this as one of the warnings for 2011? Though an increase in foreclosures is one of the major negative forces that could pull back the economy, we don’t expect this issue to be malignant in 2011 as the report claims that mortgage servicers have already identified the most delinquent borrowers and decided whether to modify their mortgages. How Frustrating is This? According to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/30/mco-u-s-home-foreclosures-jumped-in-2010-third-quarter-warning-for-2011/64276/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) Economic Update &#8211; October 2010 &#8211; U.S. Home Prices Still Falling</title>
		<link>http://www.stockbloghub.com/2010/12/28/dhi-economic-update-october-2010-u-s-home-prices-still-falling/63999</link>
		<comments>http://www.stockbloghub.com/2010/12/28/dhi-economic-update-october-2010-u-s-home-prices-still-falling/63999#comments</comments>
		<pubDate>Tue, 28 Dec 2010 22:49:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[International Paper Company]]></category>
		<category><![CDATA[IP]]></category>
		<category><![CDATA[MAS]]></category>
		<category><![CDATA[Masco Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=63999</guid>
		<description><![CDATA[In October, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.93% on a seasonally adjusted basis and is up just 0.20% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.99% on the month and is down 0.82% from a year ago. In September, the year-over-year gains were 1.52% for the C-10 and 0.55% for the C-20, so it looks like the year-over-year gains are rolling over. Of the 20 cities, only two, Denver and Washington DC, saw prices rise, and only by 0.31% and 0.06%, respectively. Meanwhile, 18 saw prices fall. Year over year, four metro areas saw gains and 16 suffered losses. In September, there were also ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(SHW) U.S. Used Home Sales Rise in October</title>
		<link>http://www.stockbloghub.com/2010/12/22/shw-u-s-used-home-sales-rise-in-october/63437</link>
		<comments>http://www.stockbloghub.com/2010/12/22/shw-u-s-used-home-sales-rise-in-october/63437#comments</comments>
		<pubDate>Wed, 22 Dec 2010 21:08:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Chemicals - Major Diversified]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[La-Z-Boy Inc.]]></category>
		<category><![CDATA[LZB]]></category>
		<category><![CDATA[Sherwin-Williams Company]]></category>
		<category><![CDATA[SHW]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[Weyerhaeuser Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[WY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=63437</guid>
		<description><![CDATA[In November, existing home sales ran at a seasonally adjusted annual rate of 4.68 million. That pace is 5.6% higher than in October, and 27.9% below the year-ago rate. The year-ago rate of 6.49 million was inflated as everyone was rushing to get the deals done before they thought the first-time buyer tax credit would expire. The tax credit was unexpectedly extended (and expanded) at the last minute. Thus, take the year-over-year decline with a grain of salt. The October sales rate was slightly below consensus expectations. The spike a year ago due to the tax credit, along with the secondary spike when the credit actually did expire for real in June, can be seen in the first graph (from http://www.calculatedriskblog.com/). Sales of single-family homes rose by 6.7% on the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/22/shw-u-s-used-home-sales-rise-in-october/63437/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Housing Starts Up, Permits Down</title>
		<link>http://www.stockbloghub.com/2010/12/20/dhi-u-s-housing-starts-up-permits-down/62565</link>
		<comments>http://www.stockbloghub.com/2010/12/20/dhi-u-s-housing-starts-up-permits-down/62565#comments</comments>
		<pubDate>Mon, 20 Dec 2010 20:32:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Residential Construction]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[Bob Evans Farms Inc.]]></category>
		<category><![CDATA[BOBE]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[PCL]]></category>
		<category><![CDATA[Plum Creek Timber Company Inc]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=62565</guid>
		<description><![CDATA[Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%. Relative to a year ago, they are down 5.8%. Quite frankly, a year ago was a pretty lousy time for the home builders, as well. If one looks at only single-family houses, the improvement was somewhat better, rising to 465,000 from 435,000 in October (revised down slightly from 436,000), an increase of 6.9%. The volatile multi-family (condo and co-op) sector plunged 18.2% to an annual rate of just 72,000 (although October was revised much higher to 88,000 from 74,000 units). Year over year, single-family starts are down 5.8% and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/20/dhi-u-s-housing-starts-up-permits-down/62565/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Why Home Prices Won’t Rebound in 2011</title>
		<link>http://www.stockbloghub.com/2010/12/20/why-home-prices-won%e2%80%99t-rebound-in-2011/62823</link>
		<comments>http://www.stockbloghub.com/2010/12/20/why-home-prices-won%e2%80%99t-rebound-in-2011/62823#comments</comments>
		<pubDate>Mon, 20 Dec 2010 20:20:23 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=62823</guid>
		<description><![CDATA[by Alexander Green, Investment U’s Chief Investment Strategist Monday, December 20, 2010: Issue #1411 Anyone who reads my investment commentary knows I’m an optimist. But I like to think I’m a rational one. When the economy tanks, I know it will mend eventually. The same is true with the stock market. But what’s happening with residential real estate right now is the equivalent of a thousand-year flood. Home prices will not rebound in 2011. Indeed, they’ll only head lower. And this is more than just a guess… Why Residential Real Estate is Struggling to Recover Residential real estate is weak, in part, because the prices leading up to the peak in 2005 were wildly unrealistic and irrational. You can’t explain it with inflation, building costs, or potential rental income. It ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/20/why-home-prices-won%e2%80%99t-rebound-in-2011/62823/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(SHW) U.S. Pre-Existing Home Sales Fall in October 2010</title>
		<link>http://www.stockbloghub.com/2010/11/23/shw-u-s-pre-existing-home-sales-fall-in-october-2010/60311</link>
		<comments>http://www.stockbloghub.com/2010/11/23/shw-u-s-pre-existing-home-sales-fall-in-october-2010/60311#comments</comments>
		<pubDate>Tue, 23 Nov 2010 20:41:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Chemicals - Major Diversified]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[La-Z-Boy Inc.]]></category>
		<category><![CDATA[LZB]]></category>
		<category><![CDATA[Sherwin-Williams Company]]></category>
		<category><![CDATA[SHW]]></category>
		<category><![CDATA[USG]]></category>
		<category><![CDATA[USG Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[Weyerhaeuser Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[WY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=60311</guid>
		<description><![CDATA[In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million was inflated as everyone was rushing to get the deals done before they thought the first-time buyer tax credit would expire. The tax credit was unexpectedly extended (and expanded) at the last minute. Thus, take the year-over-year decline with a grain of salt. The October sales rate was in line with consensus expectations. The spike a year ago due to the tax credit, along with the secondary spike when the credit actually did expire for real in June, can be seen in the first graph (from http://www.calculatedriskblog.com/). Sales of single family homes fell by 2.0% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/11/23/shw-u-s-pre-existing-home-sales-fall-in-october-2010/60311/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(BAC) A New Housing Foreclosure Mess?</title>
		<link>http://www.stockbloghub.com/2010/11/16/bac-a-new-housing-foreclosure-mess/59598</link>
		<comments>http://www.stockbloghub.com/2010/11/16/bac-a-new-housing-foreclosure-mess/59598#comments</comments>
		<pubDate>Wed, 17 Nov 2010 02:23:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=59598</guid>
		<description><![CDATA[Are the major banks looking at housing troubles and billions of dollars of losses yet again? That is what a new report from the Congressional Oversight Panel seems to warn. According to the report, the chaos resulting from foreclosure paperwork flaws could result in massive losses for banks and a new quandary for the housing market. Rampant paperwork lapses in evaluating the authenticity of information provided in the mortgage documents have embroiled major lenders including Bank of America Corp. (BAC), JPMorgan Chase &#38; Co. (JPM) and PNC Financial Services Group Inc. (PNC) in a number of lawsuits by homeowners in the second half of September. As a result, these lenders temporarily suspended foreclosures. According to the new report, financial firms that service a total of $6.4 trillion in mortgages are ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(WMT) Case-Schiller Index Shows Home Prices Falling Again</title>
		<link>http://www.stockbloghub.com/2010/11/03/wmt-case-schiller-index-shows-home-prices-falling-again/56721</link>
		<comments>http://www.stockbloghub.com/2010/11/03/wmt-case-schiller-index-shows-home-prices-falling-again/56721#comments</comments>
		<pubDate>Wed, 03 Nov 2010 15:56:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Discount Variety Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[Darden Restaurants Inc.]]></category>
		<category><![CDATA[DRI]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[Weyerhaeuser Company]]></category>
		<category><![CDATA[WMT]]></category>
		<category><![CDATA[WY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=56721</guid>
		<description><![CDATA[Home prices are falling again. This morning, the Case-Schiller Index data for August (actually a three month average of June, July and August) was released. For the month, on a seasonally adjusted basis, the composite 10 city index (C-10) fell 0.17% while the broader composite 20 (C-20) was down 0.28%. The government has poured huge resources into supporting the housing market. Most notably through the homebuyer tax credit and through the Fed buying up massive amounts of mortgage-backed paper. The covering of tens of billions of losses at Fannie Mae and Freddie Mac are also part of the government effort to prop up housing prices. For awhile those programs did manage to succeed in stabilizing prices and even caused a slight rebound. Now the government support is fading, and so ]]></description>
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		<title>Oct 19: Housing Starts &#8211; Economic Highlights</title>
		<link>http://www.stockbloghub.com/2010/10/20/oct-19-housing-starts-economic-highlights/55679</link>
		<comments>http://www.stockbloghub.com/2010/10/20/oct-19-housing-starts-economic-highlights/55679#comments</comments>
		<pubDate>Wed, 20 Oct 2010 16:33:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=55679</guid>
		<description><![CDATA[Housing Starts in September increased by 0.3% to an annual pace of 610,000 higher than the expected level of 580,000, from the revised figure of 608,000 in August (originally reported at 598,000). Over the year the figure has increased by 4.1% from the September 2009 rate of 586,000. Building Permits decreased by 5.6% over the month to 539,000, lower than the expected level of 575,000, following 571,000 permits annualized in August (originally reported at 569,000). Over the year, Building Permits decreased by 10.9% from the 605,000 pace in September 2009. Upcoming Releases Crude Inventories (10/20 at 10:30 AM EST) Fed’s Beige Book (10/20 at 2:00 PM EST) Initial Claims (10/21 at 8:30 AM EST) Leading Indicators (10/21 at 10:00 AM EST) Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/20/oct-19-housing-starts-economic-highlights/55679/feed</wfw:commentRss>
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		<title>(BAC) Short-Sighted Foreclosure Plans Are Backfiring Now</title>
		<link>http://www.stockbloghub.com/2010/10/11/bac-shor-sighted-foreclosure-plans-are-backfiring-now/54735</link>
		<comments>http://www.stockbloghub.com/2010/10/11/bac-shor-sighted-foreclosure-plans-are-backfiring-now/54735#comments</comments>
		<pubDate>Tue, 12 Oct 2010 05:05:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=54735</guid>
		<description><![CDATA[In the rush to get out of the foreclosure crisis, have we dug a bigger hole for ourselves? The biggest lenders have already discovered enough paperwork flaws to suspend their foreclosure processing. As a precautionary measure, lawmakers have asked several other lenders to halt their processes as well, triggering fears of sending the housing crisis into a tailspin. The latest bank under the microscope is Bank of America Corp. (BAC), the largest bank of the nation, which has extended its foreclosure suspension to all 50 states to scrutinize how documents had been handled during home seizures. This move follows the rising concerns of legislators and state prosecutors about whether homes are being seized on the basis of false data. BofA’s latest action expands its 23-state foreclosure suspension announced just last ]]></description>
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