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News

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.

Housing is hot in Buffalo Niagara region (The Buffalo News)
Suddenly, the Buffalo Niagara region is one of the nation's hottest housing markets. The median sale prices of homes sold in the Buffalo Niagara region during the first quarter jumped by 5.5 percent to $96,600, the 12th biggest increase among the 149 major metropolitan areas included in a survey released Tuesday by the National Association of Realtors.

Home Builders Association endorses Lenthall, Ovitt and Arnold (The San Luis Obispo Tribune)
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 ...

Foreclosures Climb 65% as Loan Workouts Fall Short (Update3) (Bloomberg.com)
May 14 (Bloomberg) -- U.S. foreclosure filings climbed 65 percent and bank seizures more than doubled in April from a year earlier as mortgage industry efforts to modify loans fell short.

French housing holds steady in face of subprime crisis (International Herald Tribune)
As the housing bubble deflates in the U.S. and U.K., the French market looks less vulnerable, helped by factors like a prudent approach to credit and mortgages, less speculative buying and social factors.

Web site adds Orlando home info (Orlando Business Journal)
Roost.com on Tuesday announced it has added information on homes for sale in the Orlando and Tampa markets.

Pimco's El-Erian: Fed tools won't solve housing crisis (Reuters via Yahoo! News)
Bond fund leader Pimco's Mohamed El-Erian on Wednesday said the Federal Reserve does not have the tools to deal with the U.S. housing crisis and rapidly rising consumer prices, leaving it to lawmakers to avert a severe recession.

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.

Moms Become Home Builders For Habitat For Humanity (FOX 2 News St. Louis)
Dozens of St. Louis moms got a head start on mother's day, Saturday, cutting wood and driving nails. They were part of the "Women Build Initiative"; turning everyday moms into home builders for Habitat for Humanity. Yolanda Frazier never knew she had it in her: building things, first of all, let alone owning her own house. "Right now I'm on a section 8 program," said Frazier, working on several ...

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