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News

Home Builders group gathers, has auction (The Index-Journal)
Lakelands Home Builders Association made donations to state Sen. Billy O’Dell’s election campaign, as well as to G. Frank Russell Career Center. From left, front row, are O’Dell (District 4), Robby Corley and Wayne Hannah. Back: Mark Nix and Chuck Graves.

Futures add to gains on housing data (Reuters via Yahoo! News)
U.S. stock index futures added to gains on Friday on optimism about the housing market after the government said construction starts on new U.S. homes rose in April and applications for new building permits turned up for the first time in five months.

April housing starts, permits up more than forecast (Reuters via Yahoo! News)
Construction starts on new U.S. homes rose by a surprisingly strong 8.2 percent in April and applications for new building permits turned up for the first time in five months, the Commerce Department said on Friday in a report showing that the hard-hit housing sector still had some spring vigor.

Home builders grow event (London Free Press)
Not just any event can fill the Lamplighter Inn's Crystal Ballroom to its capacity, but the London Home Builders' Association did just that last Thursday when it paid tribute to the outgoing president and welcomed its new president.

Senators say have accord on housing rescue (Reuters via Yahoo! News)
Leaders of the U.S. Senate Banking Committee said on Thursday they have agreed to the underpinnings of a housing rescue plan that will create a federal backstop for failing loans.

Dollar Declines Against Euro Before Housing, Sentiment Reports (Bloomberg.com)
May 16 (Bloomberg) -- The dollar fell for the first time in four days against the euro before reports that may show U.S. housing starts fell to a 17-year low and consumer confidence slumped to the weakest in 26 years.

Area resident receives Alabama Home Builders Foundation scholarship (Clanton Advertiser)
MONTGOMERY - A Chilton County resident has been awarded a scholarship from the Alabama Home Builders Foundation, an arm of the Home Builders Association of Alabama (HBAA).

Home builders grow more pessimistic in May (USA Today)
Home builder sentiment fell for the first time in four months in May, edging closer to the record low set in December, as market conditions continued to worsen, an industry group said Thursday.

Senators reach deal on housing rescue: sources (Reuters via Yahoo! News)
Leaders of the Senate Banking Committee on Thursday reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would support a federal mortgage insurance fund, two industry sources said.

Home builders group opens up to urban development (Contra Costa Times)
The Home Builders Association of Northern California opens its first urban division to focus on San Francisco, Oakland and San Jose

Customer Service (Brandon Sun)
TORONTO - New listings of homes for sale on the Multiple Listing Service in major markets in Canada reached their highest level ever in April thanks to Toronto and Saskatoon, the Canadian Real Estate Association reported Wednesday.

Housing woes lure back bold buyers (The Christian Science Monitor via Yahoo! News)
The depressed housing market is now attracting buyers who look at boarded-up homes, rising foreclosures, and falling values and see, not disaster, but a rich opportunity.

Sonoma County home sales rise for first time in two years (The Santa Rosa Press Democrat)
Home sales increased 13 percent in April, compared to a year ago. It marks the first year over year increase in home sales since September 2005. But prices are continuing to drop, falling 22 percent from a year ago.

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