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News

Meredith Clarke (London Free Press)
Home builders grow event 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.

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.

Del Sur Takes National Honors for Green Construction (San Diego Business Journal)
Del Sur was named Mixed Use Development of the Year by the National Association of Home Builders during its annual Green Building Awards ceremony May 11 in New Orleans.

Governor's deal with builders irks senators (The Arizona Republic)
Some Republican state lawmakers on Monday blasted a ''backroom deal'' between Gov. Janet Napolitano and a Valley home-builders group that would exempt residential developers from sharing a portion of the costs of a major transportation initiative in exchange for a $100,000 contribution to boost the signature-gathering campaign.

Housing Prices Tumble in Two-Thirds of U.S. Cities (Update1) (Bloomberg.com)
May 13 (Bloomberg) -- Housing prices fell in two-thirds of U.S. cities in the first three months of the year as a rise in foreclosures depressed property values and home sales tumbled 22 percent, the National Association of Realtors said.

Housing Prices Tumble in Two-Thirds of U.S. Cities (Update3) (Bloomberg.com)
May 13 (Bloomberg) -- The median price for a single-family home in the U.S. dropped 7.7 percent in the first quarter, the biggest decline in at least 29 years, as values tumbled in two- thirds of U.S. cities, the National Association of Realtors said.

Iron County commissioners grant just 7 of 82 prairie dog removal requests (The Salt Lake Tribune)
Posted: 8:27 AM- PAROWAN - The federally protected prairie dog is slowing down development in Iron County. Home builders complain they have to wait as long as three years to obtain a prairie dog removal permit under the rules.

Remodeling business follows housing lower (MSNBC)
The downturn in the housing market has dragged the remodeling sector with it. For many contractors, that means a sudden struggle to stay busy.

Toll Brothers preliminary 2Q sales fall 30 percent (AP via Yahoo! Finance)
Investors scouring for hints of a housing revival won't find much in the second-quarter preliminary sales results of luxury-home builder Toll Brothers Inc.

Brown to reveal housing market plan (Reuters via Yahoo! UK & Ireland News)
Prime Minister Gordon Brown will set out plans on Wednesday to shore up the creaking housing market as part of a drive to reverse a slide in support for his government.

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 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.

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