New-Home Construction Drops in May ( The Commerce Department reports that construction of new homes and apartments dropped by 2.1 percent last month to a seasonally adjusted annual rate of 1.474 million units, 24.2 percent below the level of a year ago.

Video: No Housing Hit? ( Two economists, Bob Mellman and David Kelly, discuss the impact of the housing slump on the U.S. economy.

Home Builder Confidence Lowest in 16 Years (USA Today/Reuters) A measurement of industry sentiment about the market for new homes dropped in June for the fourth straight month to the lowest point in more than 16 years.

Home Builders Say "Trade-In Old Home for New!" ( Along with all kinds of incentives, such as help with the mortgage, free upgrades in the kitchen and bath, a lease on a BMW or the like, some home builders are now offering to not just help you sell your old home, but to actually buy it from you themselves.

Immigration Bill Has New Life Senate leaders, under pressure from pro-immigration groups and facing a determined push by President Bush, agree to bring a controversial overhaul of the nation's immigration laws back to the Senate floor.

Young Tennessee Builder Makes a Marvel (The Leaf-Chronicle) Fourth-generation, 22-year-old builder completes his third house, a $500,000 home.

Centex Leaving Columbus Market (BUILDER Online) Starting in September, Centex Homes, one of Columbus, Ohio's biggest builders, begins a long-term pullout of the central Ohio market.

Free Web Seminar (BUILDER Online) What is green building? Join industry trainer Mark LaLiberte to learn more about sustainable construction and other green issues.

Special Report: The Mortgage Mess (

Blog: Every Data Point Tells a Story (BUILDER Online) Agree or disagree with the thoughts of BUILDER Editorial Director Boyce Thompson.

Take the BUILDER Online Survey (BUILDER Online)

BUILDER Business Update (BUILDER Online) A weekly e-mail newsletter with breaking industry news on the business of building homes. {Sign up} for the BUILDER Business Update and other Hanley Wood newsletters. (

Take the BUILDER Poll (BUILDER Online) Do you think the Federal Reserve should ban common subprime lending practices (such as penalties for early repayment of loans)?

From the Pages of BUILDER: Local Leaders - Winning at All Costs (BUILDER Online) Getting to the top of markets where buyers were scarce and the supply of houses plentiful meant sacrificing profit-and, perhaps, the credibility of a home's value-for higher sales. Check out more from the current issue of BUILDER

Robb Crocker is the senior editor for BUILDER Online. Please e-mail any comments, questions, suggestions, and news tips to

Learn more about markets featured in this article: Columbus, OH.