Housing

Builders’ confidence in the market for new single-family homes slipped as the National Association of Home Builders' housing market index fell to 72.

Gov. Jerry Brown's $190.1 billion spending plan emphasizes stockpiling reserves, but fellow Democrats in the legislature want more spending.

Barbara Thompson stepped down at the end of 2017 after 16 years as executive director.

Pending home sales rose 0.2% to an index reading of 109.5 in November, from an unrevised 3.5% gain to 109.3 in October.

Home prices rose 6.2% on an annual basis in October, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

The pace of new single-family home sales increased by 17.5% to 733,000, the highest level since July 2007.

Existing home sales grew 5.6% to a seasonally adjusted 5.81 million-unit rate in November.

The pace of housing starts posted a surprise 3.3% gain to a 1.297 million seasonally adjusted annual rate in November, well ahead of expectations for a 1.250 million pace.

Builders’ confidence in the market for new single-family homes increased as the National Association of Home Builders' housing market index climbed to 74 in December.

Portland, Ore., will use proceeds from the city's $258 million housing bond to build affordable apartments on a Southeast Portland property formerly home to a strip club.