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News

Economy - Tuesday (Investor's Business Daily via Yahoo! Finance)
U.S. home prices sank in Q1

Steel Indicates Little Room for Maneuver on U.S. Housing Bill (Bloomberg.com)
President George W. Bush and Treasury Secretary Henry Paulson are at odds with Congress over the government's response to a surge in foreclosures stemming from the worst housing slump in 25 years.

Home builders to carry more costs from defect lawsuits (Las Vegas Business Press)
Homes in Nevada could end up costing even more as a result of a precedent-setting federal court decision giving insurance companies the right to seek reimbursement from their insured builders for money paid out to settle lawsuits.

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 ...

Minister lets slips fears over housing (AFP via Yahoo! News)
A minister let slip fears about the state of the country's housing market Tuesday by inadvertently showing briefing notes as she arrived for a meeting.

U.S. luxury-home builder reports sharp fall in sales (International Herald Tribune)
Toll Brothers said preliminary home building sales in second quarter fell by 30 percent from a year earlier to $817.9 million.

Housing group buys Peter Pan site (BBC News)
A housing association buys the mansion which helped inspire JM Barrie to write his classic Peter Pan.

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