Housing News



new home construction, housing market, home building, homebuilding, construction
July 14, 2011

For the construction sector, the number of hires in June (348,000) remained relatively high (for the post-2008 period), according to job data from the Bureau of Labor Statistics. Moreover, the total number of construction hires for May was revised up from 339,000 to 355,000.

home prices, home sales, housing market, Chicago housing market
July 13, 2011

The Illinois Association of Realtors said last week that the median price it reported for home sales in Chicago was inflated in May, and mistakes in its reports may go back more than three years, according to the Chicago Tribune.

home prices, housing market, california, southern california
July 13, 2011

Southern California home prices continue to creep upward, although they remain below their year-ago levels, according to tracking firm DataQuick. The region’s median price last month — $280,000 — reflects a 5 percent drop from June 2010, but a 1.8 percent increase from May 2011’s median price.

foreclosures, housing market, home prices, house prices
July 13, 2011

The Obama administration, which last year adopted a laissez-faire attitude toward the housing market, is now turning its attention reviving the market because of its drag on the economy in general, reported the Wall Street Journal.

pulte, builders, home builders
July 12, 2011

PulteGroup last week announced the election of Bryce Blair to its board of directors. As a member of the board, Blair will join the compensation and management development, and finance committees.

townhouse, townhome, housing market, NAHB, housing starts
July 12, 2011

Long-term growth in the construction of townhouses (attached single-family units) as a share of all single-family homes was interrupted during the Great Recession, NAHB reported on its blog.

building projects, stalled projects, AIA, AIA database
July 12, 2011

The American Institute of Architects is crafting a database that would catalog stalled development projects around the country, eyeing as an audience lenders and potential investors.

housing market, housing market prediction, real estate market
July 11, 2011

The Washington, D.C., region is expected to round out the year as the top-performing housing market in the country, according to a new report from real-estate tracking firm Clear Capital. Over the next six months, home prices in the D.C. area are expected to rise 2.8 percent.

housing market, housing recovery, warren buffett
July 10, 2011

In an interview on Bloomberg Television last week, billionaire Warren Buffett said the country's unemployment rate will improve substantially once the home-building sector rebounds. Buffett said that people will be surprised how quickly employment improves once the excess houses are bought and normal levels of construction resume.

builders, foreclosures, housing market, home builders
July 08, 2011

Pulte Homes and McBride & Son are bulking up on new developments in the St. Louis area as the economy slowly recovers, according to the St. Louis Daily. Both companies are buying lots that banks had taken back from smaller builders who were overwhelmed by the two-year recession.

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