News

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 ...

Flint gaffe reveals ministers' fears of housing slump (Independent)
House prices are set to fall by 5 to 10 per cent "at best" this year – but ministers have no idea how badly the market could slump, according to confidential cabinet documents accidentally revealed by the Housing minister, Caroline Flint.

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 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.

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.

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.

Web site adds Orlando home info (Orlando Business Journal)
Roost.com on Tuesday announced it has added information on homes for sale in the Orlando and Tampa markets.

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.