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News

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.

Senate panel set for housing vote Thursday: source (Washington Post)
WASHINGTON (Reuters) - The Senate Banking Committee is due on Thursday to vote on legislation that would greatly expand a federal housing program and create a new regulator for Fannie Mae and Freddie Mac, a committee source said on Monday.

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.

Flint's housing fears exposed in gaffe (Guardian Unlimited)
Housing minister admits she does not know if house prices will fall further than 5-10% in real terms

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.

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.

Housing minister Caroline Flint’s blunder reveals 10% slump but it’s not official – yet (Times Online)
House prices will fall by up to 10 per cent “at best” in the next year, according to a private government assessment laid bare by a minister’s blunder. Caroline Flint, the Housing Minister, told the Cabinet to prepare for a worsening market yesterday. “We can't know how bad it will get,” she said.

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.

Orleans lays out plan for adult community (News Transcript)
MARLBORO - A proposed 168-home age-restricted adult community has been unveiled for the Planning Board and members of the public. Attorney Kenneth Pape, representing Orleans Home Builders, began presenting an application for Wildflower at Marlboro during the board's meeting May 7.

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