Zillow has teamed up with home builders like Beazer and Pulte to revolutionize the new construction home search, according to Zillow.com. Previously on the website, a single home icon on the maps indicated a planned community, which could represent hundreds of homes and floor plans. The maps now show the entire outline of planned communities.
Raleigh, N.C., Provo, Utah, and Grand Junction, Colo., are among 10 metro areas expected to see the biggest jump in population between 2010 and 2020, according to projections from data analysis firm Proximity One.
NAHB is suing the EPA over the agency's strategy to clean up the Chesapeake Bay, alleging that the strategy will make it harder for builders to obtain permits for residential and light commercial development in that area.
Home prices in the U.S. increased by 0.8 percent in May 2011 compared with April 2011, according to CoreLogic. This is the second consecutive month-over-month increase.
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors. The Pending Homes Sales Index rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April.
KB Home's revenues totaled $271.7 million in the second quarter of 2011, down 27 percent from $374.1 million in the second quarter of 2010. The decrease was mainly due to lower housing revenues.
House prices rose slightly in April, after 10 consecutive months of decline
Data through April 2011, released Tuesday by S&P Indices for its S&P/Case-Shiller Home Price Indices, show a monthly increase in prices for the 10- and 20-City Composites for the first time in eight months. The 10- and 20-City Composites were up 0.8 percent and 0.7 percent, respectively, in April versus March
Sales of new homes beat expectations for May, but are still at historically low levels, according to the U.S. Census Bureau. May sales were at a seasonally adjusted annual rate of 319,000, 13.5 percent above May 2010's record low.
CertainTeed Corporation and the Residential Energy Services Network announced that they are joining forces to help increase residential energy efficiency.