The healthy growth of the housing market in the U. S. as well as the sturdy economy has helped to reduce the number of foreclosures seen in 2014 and has brought it to a level that has not been experienced since the time before the housing bust.

The turn down is the latest proof of how the foreclosures have brought the concern from a national crisis to a widely market-oriented concern.

On Tuesday, KB Home issued reports for its quarterly earnings.

The home building company KB Home is engaged in construction of homes as well as their sales. They construct town homes as well as condominiums.

In November, the number of Americans who signed contracts for buying homes increased slightly getting a push from the strengthening economy. More money in hand motivated some future homebuyers to proceed with their agenda of investing in a home.

There is good news for potential home buyers. The average mortgage rates for long-term dropped for the fourth successive week in the United States.

There is further good news for the economy as a data released on Thursday showed that the people looking for unemployment benefits became lesser in number dropping to a figure below 300,000 last week,

In October the starts for single-family homes in the U. S improved for a second consecutive month. There was also a rise in the overall building permits, which drew close to a level that has been noted ever since 2008. This suggests that the recovery of the housing market is still in its positive mood.

Following the struggle of the housing sector, the FHA had major role to play in support it when it backed the low down payment loans for home buyers as many sources of lending backed out. Its saw its share soar in the mortgage market which reached its peak in 2010, a time when almost 40 percent of the entire share of home loans were backed by it.