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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.

UK's Brown to reveal plans to help housing market (AlertNet)
Source: Reuters By Adrian Croft LONDON, May 14 (Reuters) - Prime Minister Gordon Brown will set out plans on Wednesday to shore up Britain's creaking housing market as part of a drive to reverse a slide in support ...

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.

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.

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.

Homes for sale number rises to above 1m (Daily Telegraph)
More than one million unsold properties are on the market, as homeowners take the longest time on record to sell their homes.

Mortgage cos. reveal damage from housing crisis (AP via Yahoo! News)
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.

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.

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.

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.

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