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News

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.

Five Things You Need to Know: Themes Converge Into Possible Housing Solution (Minyanville via Yahoo! Finance)
There are several themes at play in today's Five Things that we believe could potentially converge into a singular, overarching housing solution.

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.

Sales fall 30 percent at home builder (Asbury Park Press)
Investors scouring for hints of a housing upturn won't find much evidence in the second-quarter preliminary sales results of luxury-home builder Toll Brothers Inc.

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.

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.

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.

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 ...

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.

Housing group buys Peter Pan site (BBC News)
A housing association buys the mansion which helped inspire JM Barrie to write his classic Peter Pan.

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.

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.

U.S. luxury-home builder reports sharp fall in sales (International Herald Tribune)
Toll Brothers said preliminary home building sales in second quarter fell by 30 percent from a year earlier to $817.9 million.