Merrill Lynch

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Custom Market Watch Custom Market Watch

A look at current economic conditions and housing trends. More

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Fannie Mae Could Soon Be Looking For a New Chief

Current CEO Herb Allison reportedly is the frontrunner to run Treasury’s bailout efforts. More

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Housing Slowdown Hits Canada

But a more conservative approach to mortgage lending has insulated builders and banks from the battering American companies have experienced. More

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Homebuilders' Coalition for Responsible Bank Behavior Meets in San Diego

Builders, attorneys, and lobbyists call for banks to stop forcing defaults so they can get at builder assets. More

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Builder Blocks: Sept. 15, 2008

Fannie and Freddie go federal, J.D. Power releases builder customer service ratings, and residents of Henry Ford's old neighborhood fight back against foreclosures. More

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Nose Dive

Lot liquidations by big builders drive down finished lot values in Southern California. More

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Reserve Acts to Prevent Financial Meltdown

After tumultuous weekend, central bank is expected to cut borrowing rate again tomorrow. More

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Clipped Wings

THE FIRST CASUALTIES OF THE HOUSING industry's downward slide have started to emerge. The biggest case so far is East Brunswick, N.J.–based Kara Homes, the industry's 127th largest builder in sales last year, which on Oct. 5 filed for bankruptcy protection from 1,000-plus creditors. More

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Liquid Gold

"What builders are doing with all that money.The question keeps coming up," said Lennar CEO Stuart Miller, surveying the group of investors and analysts from the podium. "With those unenlightening words, Miller succeeded in disappointing a room full of industry watchers who know that Lennar has the cash on hand to make a major acquisition--perhaps even the rumored mother of all home building mergers." More

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