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One day after officially filing a petition for Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Illinois, executives of Kimball Hill Homes received court approval for all of the company’s first day motions. Taken together, the approvals allow the company to continue normal operat...
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Bill includes $25 billion in tax breaks aimed at home builders and other businesses affected by the downturn.
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White House proposes expanding FHA program to help homeowners avoid foreclosure.
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Housing industry watchers are relieved to see the Senate taking action on housing, but are unsure about some aspects.
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Senate agrees to throw housing market a lifesaver.
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Alphonso Jackson ends four tumultuous years under investigation for conflicts of interest.
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High gas and food prices, declining home values, and job market cited as causes.
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Trend Homes received approval for a long-term cash collateral plan designed to support the company’s operations during Chapter 11.
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Revenue down 62 percent, but company’s exposure to JVs, land has been reduced.
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February sales down almost 30 percent from a year ago.
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Southern Building Products expanded as state's housing market contracted.
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Government decision to ease capital requirements for Fannie and Freddie should help mortgage market.
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Move should bring more liquidity to financial markets, but impact on housing may be limited.
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After tumultuous weekend, central bank is expected to cut borrowing rate again tomorrow.
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With 100 percent loans out of the picture, builders are happy for the help.
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Dick Syron tells investors housing prices will bottom out at a 15 percent loss.
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Promotional campaigns encourage reluctant buyers to take advantage of market conditions that won't last forever.