Industry News

Builder Confidence Climbs to 8-Month High in November

Tom Oslund

Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the NAHB/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 2005.

“November’s builder confidence reading is close to a post-recession high — a strong indicator that the housing market continues to...

Millennial Home Buyers Send a Chill Through Rental Markets

Tom Oslund

Rising homeownership is adding to the jitters in the residential rental market, which has slumped recently after a long stretch near the top of the commercial real-estate industry.

For most of the current economic expansion, declining ownership rates have enabled landlords of apartments and single-family homes to raise rents far faster than the pace of inflation. Demand has been fueled...

5 early retirees share their top money tips

Tom Oslund

A handful of ordinary people have managed to take the typical retirement age of 63 and cut it nearly in half.

While every early retiree's journey is unique, there is usually at least one common feature of their stories: Each person has the discipline to save a large chunk of their paycheck — often, more than half of it.

Of course, saving is just part of the journey to financial...