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News
Governor defends agreement with home builders (The Yuma Sun) CNY home builders support 1,700 jobs (The Post-Standard) Demand for social housing 'to soar' (AFP via Yahoo! News) Homes for sale number rises to above 1m (Daily Telegraph) Home builders grow more pessimistic in May (USA Today) Futures rise on housing data, energy companies (Reuters via Yahoo! News) Economy - Tuesday (Investor's Business Daily via Yahoo! News) April housing starts rise best since Jan 2006 (Reuters via Yahoo! News)
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Phoenix - Gov. Janet Napolitano is defending an agreement she made with home builders to take them off the financial hook for new road construction in exchange for a campaign contribution to the cause and a separate political deal.
As a group, Central New York home builders employ more people that most of the area's major manufacturers more than Welch Allyn, L & J.G. Stickley or Anheuser-Busch.
The number of people on social housing waiting lists could rise by up to one million by 2010 because of the credit crunch, the Local Government Association warned Friday.
More than one million unsold properties are on the market, as homeowners take the longest time on record to sell their homes.
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.
Wall Street looked set to round out the week on a positive note on Friday as stock index futures got a boost from a surprise rise in housing starts and a new record in oil prices lifted shares of energy companies.
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 ...
Construction starts on new U.S. homes rose by a surprisingly strong 8.2 percent in April and applications for new building permits turned up for the first time in five months, the Commerce Department said on Friday in a report showing the hard-hit housing sector still had some spring vigor.