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News

Home builders grow more pessimistic in May (USA Today)
Home builder sentiment fell for the first time in four months in May, edging closer to the record low set in December, as market conditions continued to worsen, an industry group said Thursday.

April report shows 811 homes for sale in Cowlitz County (The Daily News)
The number of Cowlitz County homes for sale in April reached its highest level in recent memory, but home sales have started rebounding after a slow start this year, according to a Northwest Multiple Listing Service report released Monday.

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 ...

Dollar Declines Against Euro Before Housing, Sentiment Reports (Bloomberg.com)
May 16 (Bloomberg) -- The dollar fell for the first time in four days against the euro before reports that may show U.S. housing starts fell to a 17-year low and consumer confidence slumped to the weakest in 26 years.

Wow appeal: How to woo buyers in slow housing market (Deseret Morning News)
Pam Dreier Nebeker had hung the picture minutes earlier and the simple image had a startling effect.

US housing starts jump 8.2% in April (AFP via Yahoo! News)
US housing starts showed a surprisingly strong jump in April, signaling a glimmer of hope in the troubled housing market, government data showed Friday.

Home builders grow more pessimistic in May (USA Today)
Home builder sentiment fell for the first time in four months in May, edging closer to the record low set in December, as market conditions continued to worsen, an industry group said Thursday.

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 ...

Ahead of the Bell: Housing Starts (AP via Yahoo! Finance)
A government report on new-home construction and building permit applications for April is forecast to show further declines as the housing sector continues to sag.

Housing posts surprising rebound in April (AP via Yahoo! News)
Construction of new homes posted the biggest increase in more than two years in April, a rare bit of good news in what has been the worst downturn in housing in more than two decades.

Senators say have accord on housing rescue (Reuters via Yahoo! News)
Leaders of the U.S. Senate Banking Committee said on Thursday they have agreed to the underpinnings of a housing rescue plan that will create a federal backstop for failing loans.

Senators reach deal on housing rescue: sources (Reuters via Yahoo! News)
Leaders of the Senate Banking Committee on Thursday reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would support a federal mortgage insurance fund, two industry sources said.

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