Industry News

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...

New Home Sales Pace in September Hits 10-Year High

Tom Oslund

Sales of newly built, single-family homes in September rose 18.9% to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading, according to newly released data from HUD and the Census Bureau. This is the highest sales rate since October 2007. Year to date, new home sales are 8.6% above their level over the same period last year.

“The September sales...

Builder Confidence Posts Solid Gain in October

Tom Oslund

Builder confidence in the market for new single-family homes rose four points to 68 in October on the NAHB/Wells Fargo Housing Market Index (HMI). This was the highest reading since May.

“This month’s report shows that home builders are rebounding from the initial shock of the hurricanes,” said NAHB Chairman Granger MacDonald. “However, builders need to be mindful of long-term...