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News

Builder collapse to hit rentals (Sydney Morning Herald)
The collapse of one of Sydney's biggest project home builders could hit rental market.

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 back off opposition to trust land reform (The Arizona Republic)
Arizona home builders, who have repeatedly given the death blow to conservation efforts, have agreed to let a state trust land reform initiative move forward without a fight.

Toll Brothers: Tough times in housing sales (Philly.com)
Toll Bros. Inc., of Horsham, said yesterday that times were still tough for the housing market and that preliminary results showed 30 percent lower sales for home building in its fiscal second quarter, which ended April 30.

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.

Red Sea Housing Services distributes 2007 dividends at rate of 20% of capital (AME Info)
Red Sea Housing Services (Tadawul: 4230), a leading manufacturer of remote site housing solutions, has begun the distribution of dividends to its shareholders for the 2007 fiscal year, at the rate of SR2 per share.

Housing inventory rises again in April (CNN Money)
The number of homes for sale was on the rise again in April, according to figures from Zip Realty, a California-based real estate broker.

Study of housing built on Hood River farmland yields surprises (The Oregonian)
A study of housing built on Hood River Valley farmland from 1994-2005 shows a surprising result: The new homes didn't interfere with farm operations and in some cases enhanced them.

City foreclosure woes surge (New York Daily News)
The number of city homeowners in danger of losing their place to foreclosure soared 28% last month from April 2007.

Israel to approve West Bank housing construction (USA Today)
Israel's housing minister will approve next week the construction of hundreds of homes in West Bank settlements, a political ally of Prime Minister Ehud Olmert said Wednesday, adding new tensions to peace talks between Israel and the Palestinians.

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 ...

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 ...