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Posts Tagged ‘home builders’

Daily Fill: Headlines & News

March 17, 2010 2 comments

Minn. gov chops $1B construction bill to $680M
High Housing Prices? Don’t Blame Land Conservation
New Green Construction Code Unveiled

Builders adapt
 to smaller market
Delaware Governor Proposes Clean Energy Jobs Act
Survey Identifies Hottest Outdoor Living Trends for 2010
Housing Starts Slide 5.9% in February
Bank Failures Threaten Small-Business Lending

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Categories: Daily Fill, News

Home Builders Working For Banks

March 1, 2010 Leave a comment

With the loans drying up, banks are starting to hire home builders to finish out subdivisions.

Home builders in some of the nation’s hardest-hit housing markets are going to work directly for banks, in a little-used arrangement that is helping to ameliorate conditions in some battered local economies.

The builders traditionally got loans from banks to build homes, but that credit has largely dried up. The contract work builders are getting is welcome as many of them struggle to stay afloat.

It stops the bleeding and helps construction workers stay on the job, says [WSJ]

Categories: News

Construction Up 2.8% On Housing

February 19, 2010 Leave a comment

Is housing recovery starting to take shape?  With the construction numbers showing promise in January, optimistic is the word of the day.

Housing construction posted a better-than-expected increase in January which pushed activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades.

The Commerce Department said Wednesday that construction of new homes and apartments rose 2.8 percent last month to a seasonally adjusted annual rate of 591,000 units. That was better than the 580,000 annual pace that economists were forecasting.

[should we hold our breath]

Categories: Construction, News

Home Builders On The Rise?

February 11, 2010 Leave a comment

What comes down must go up. [says home buliders]

Home builders are looking a lot less bad. And that’s good.

Fewer write-downs and new-home order cancellations along with improved order rates are some of the most positive signs from home builders since the housing market began to roll over four years ago.

Categories: News