News

Housing Prices Tumble in Two-Thirds of U.S. Cities (Update1) (Bloomberg.com)
May 13 (Bloomberg) -- Housing prices fell in two-thirds of U.S. cities in the first three months of the year as a rise in foreclosures depressed property values and home sales tumbled 22 percent, the National Association of Realtors said.

UK's Brown to reveal plans to help housing market (AlertNet)
Source: Reuters By Adrian Croft LONDON, May 14 (Reuters) - Prime Minister Gordon Brown will set out plans on Wednesday to shore up Britain's creaking housing market as part of a drive to reverse a slide in support ...

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.

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.

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.

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.

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 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.

Del Sur Takes National Honors for Green Construction (San Diego Business Journal)
Del Sur was named Mixed Use Development of the Year by the National Association of Home Builders during its annual Green Building Awards ceremony May 11 in New Orleans.

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.

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.

Mortgage cos. reveal damage from housing crisis (AP via Yahoo! News)
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.