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News
Futures add to gains on housing data (Reuters via Yahoo! News) Home Builders Association endorses Lenthall, Ovitt and Arnold (The San Luis Obispo Tribune) Home builders grow more pessimistic in May (USA Today) Senators say have accord on housing rescue (Reuters via Yahoo! News) Housing woes lure back bold buyers (The Christian Science Monitor via Yahoo! News) Wall St opens flat as oil offsets housing data (Reuters via Yahoo! News) Sonoma County home sales rise for first time in two years (The Santa Rosa Press Democrat)
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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.
Supervisor candidates Jerry Lenthall, Harry Ovitt, and Debbie Arnold have won the endorsement of the Home Builders Association of the Central Coast in the June 3 election. Incumbents Ovitt and Lenthall and challenger Arnold “recognize that meeting the housing challenges of today and tomorrow requires balancing competing interests and making sure that we really plan for and meet the current and ...
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.
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.
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.
Stocks opened little changed on Friday after oil prices extended a record-setting streak above $127 a barrel, offsetting optimism sparked by data showing a surprise rise in April housing starts.
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.