Housing Crisis
  • Young Boomers Buying Up Retirement Homes Early

    By Cnbc Staff, CNBC

    Buyers of all ages are flooding in to some retirement communities for great real-estate deals, since the price is right. Charlie Roque, for example, is 56 years old and works full-time. "This is my...

  • New Housing Permits at Highest Level Since 2008

    By Jason Lange, Reuters

    Groundbreaking to build homes rose in February and permits for construction climbed to their highest level since 2008, signs the housing market recovery is gathering steam. The Commerce Department...

  • Want a Job? Be a Construction Worker

    By Ernest Scheyder, Reuters

    On Friday, jobs figures for February showed that there were 48,000 construction jobs created in the month, the most since March 2007, which was around the time the U.S. housing boom began to turn...

  • Household Wealth Rises along with Consumer Confidence

    By Alister Bull, Reuters

    In a hopeful sign for consumer spending, the net worth of American households grew solidly during the fourth quarter of 2012. At the same time, U.S. household debt grew at its fastest pace since...

  • How the Student Loan Crisis Hurts the Housing Market

    By Cnbc Staff, CNBC

    The staggering amount of outstanding student debt — nearly $1 trillion owed – is beginning to impede the U.S. economy as a whole, a new report from the New York Federal Reserve suggests, chiefly by...