The U.S. housing market has just suffered its most significant downturn in our nation's history.

The number of improving housing markets across the country rose to 99 in September, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released recently.

Sales of newly built, single-family homes rose 3.6 percent to a seasonally adjusted annual rate of 372,000 units in July from an upwardly revised pace in the previous month, according to figures released by HUD and the U.S. Census Bureau today.

The National Association of Realtors announced July sales of existing homes rose to an annual rate of 4.47 million, close to expectations.

Just when we are beginning to see the signs of a housing recovery and the housing market, critical to our economy, seems ready to return to normal, major markets across the U.S. are about to be impacted by a new housing crisis.

The National Association of Home Builders (NAHB) recently applauded the GOP Platform Drafting Committee for recognizing the importance of the mortgage interest deduction within its proposed platform.

Nationwide housing production edged down 1.1 percent to a seasonally adjusted annual rate of 746,000 units in July, according to newly released figures from HUD and the U.S. Census Bureau.