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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.

Economic Report: Home builders see no improvement in May (Market Watch)
U.S. home builders see no signs of improvement in the housing market after a disappointing start to the spring selling season, the National Association of Home Builders reports.

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.

Ahead of the Bell: Housing Starts (AP via Yahoo! Finance)
A government report on new-home construction and building permit applications for April is forecast to show further declines as the housing sector continues to sag.

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.

CREA reports record number of new MLS residential listing in April (Canadian Business)
Eric Shackleton, The Canadian Press May 14, 2008 - 5:51 p.m. 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.

Economy - Tuesday (Investor's Business Daily via Yahoo! News)
The median sales price in metro areas fell 7.7% vs. a year earlier to $196,300, the worst since records began in 1979, the Nat'l Assoc. of Realtors said. Soaring foreclosures have reduced the value of nearby properties, said NAR chief economist Lawrence Yun. Prices fell in 100 of 149 U.S. cities, led by Calif.'s Sacramento, San Bernardino and Riverside. Also, homes for sale rose by 40,000 in ...

Demand for social housing 'to soar' (AFP via Yahoo! News)
The number of people on social housing waiting lists could rise by up to one million by 2010 because of the credit crunch, the Local Government Association warned Friday.

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).

Hidden Lake Receives Award from National Association of Home Builders (Business Wire via Yahoo! Finance)
RALEIGH, N.C.----Hidden Lake, a community near Wake Forest, N.C., has received the prestigious "Green Project of the Year" Award from the National Association of Home Builders. Representatives from Crescent Communities, the developer of Hidden Lake, accepted the award at a ceremony in New Orleans on Sunday.

April report shows 811 homes for sale in Cowlitz County (The Daily News)
The number of Cowlitz County homes for sale in April reached its highest level in recent memory, but home sales have started rebounding after a slow start this year, according to a Northwest Multiple Listing Service report released Monday.

CNY home builders support 1,700 jobs (The Post-Standard)
As a group, Central New York home builders employ more people that most of the area's major manufacturers more than Welch Allyn, L & J.G. Stickley or Anheuser-Busch.

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