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News

Economy - Tuesday (Investor's Business Daily via Yahoo! Finance)
U.S. home prices sank in Q1

Job center, housing proposed for county land (Everett Herald)
Snohomish County’s Cathcart property on Highway 9 might be remade into a job center and housing complex, County Executive Aaron Reardon announced Tuesday.

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.

Obama compares housing crisis to Great Depression (Reuters via Yahoo! News)
Democratic presidential front-runner Barack Obama compared the U.S. housing crisis to the Great Depression on Tuesday during a stop in Missouri, a key battleground state in the November election.

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.

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.

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.

Builder collapse to hit rentals (Sydney Morning Herald)
The collapse of one of Sydney's biggest project home builders could hit rental market.

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.

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.

Moms Become Home Builders For Habitat For Humanity (FOX 2 News St. Louis)
Dozens of St. Louis moms got a head start on mother's day, Saturday, cutting wood and driving nails. They were part of the "Women Build Initiative"; turning everyday moms into home builders for Habitat for Humanity. Yolanda Frazier never knew she had it in her: building things, first of all, let alone owning her own house. "Right now I'm on a section 8 program," said Frazier, working on several ...

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.

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