Home Builder Reports Profits!

Lennar, one of the top five home builders in the nation , actually reported the first quarterly profit since 2007.
New Jersey Real Esate “Hoboken Real Estate ”
Jersey City Real Esate “Hoboken Condominiums ”

Lennar, one of the top five home builders in the nation , actually reported the first quarterly profit since 2007.

Multifamily housings starts reverse October’s decline

Housing starts post the steepest drop since April

New Jersey Transit started construction of a $40 million train station to connect the east-west Atlantic City Line and the north-south River Line.

July’s increase of 1.0 percent to $321.75 billion, marks the highest on record.

Gov. Peterson gets involves himself in the WTC negotiations between Silverstein Properties and the Port Authority of New York and New Jersey
Despite high unemployment and general concerns of too much existing inventory, new-home construction appears to be rising.
According to Friday’s report from the U.S. Commerce Department, construction of new homes rose 3.6 percent in June compared to May. Building permits climbed 8.7 percent, and single-family home starts jumped 14.4 percent to 470,000, after rising 5.9 percent [...]

Taylor Wimpey Plc, the U.K.’s largest homebuilder, said Friday that its British order book surged 73 percent

Builders losses shrinking