Home Builders' Confidence Falls Farther (Market Watch.com) Tightening lending standards shook U.S. home builders in May, sending a gauge of their confidence back down to a 16-year low according to the National Association of Home Builders/Wells Fargo housing market index.
Home Elevator Sales Going Up (DallasNews.com) Some buyers want convenience; some are planning ahead.
Still Searching for the Bottom (CNNMoney.com) Builders signal concerns about market weakness with drop in permits even as housing starts show unexpected gain.
Local Builders Are Hot in Housing (sacbee.com/The Sacramento Bee) Private family-owned builders in Sacramento, Calif., are growing their share of new-home sales so far in 2007, gaining market share at the expense of some of the nation's biggest publicly traded home builders, according to new statistics.
Home Building is a Financial Benefit (Hudson Star-Observer) The belief that new houses add more costs for local governments and schools than they generate in revenue is wrong says Dr. Elliot F. Eisenberg, a housing policy economist with the National Association of Home Builders.
Glass Recycling Moves Toward Countertops (Chicago Tribune.com/Fort Worth Star-Telegram) Realizing there was glitter and gold in landfills, Tim Whaley, the Plano, Texas-based inventor of Enviroglas, a solid surface material for countertops and floors made of epoxy and recycled glass, is reclaiming it for his product.
Housing Glut - From Bad to Worse (CNNMoney.com) Some markets have seen a tripling of property listings since the housing market cooled.
Video: Has Housing Hit Bottom? (MSNBC.com/CNBC) CNBC talks to two housing market analysts about the latest government numbers on housing starts.
Spring Looks Like a Washout for Housing Market (MSNBC) Big drop in applications for new permits indicates bottom hasn't arrived.
Mortgage Rates at Highest Level in Five Weeks (MSNBC) Freddie Mac reports average mortgage rate for 30-year, fixed-rate at 6.21 percent.
Stocks Mixed on Housing (The Los Angeles Times) The Dow Jones rises 37 points but broader indexes fall in home builders' confidence.
Survey Says...Together, Homeowners and Builders Can Close the Gap in Home Fire Safety (PR Web.com) Findings unveil homeowner misconceptions about residential fire safety and how builders can help.
Pell City, Ala. Faces Lawsuit for Sewer and Impact Fees (Daily Home.com) The St. Clair County Home Builders Association, along with two local builders, filed a lawsuit against Pell City for enacting new sewer and impact fees.
Special Report: The Mortgage Mess (MSNBC.com)
The 2006 BUILDER 100 Revealed (BUILDER Online) While D.R. Horton remains on top, Lennar Corp. rode a 7,209-unit closings increase to become the new No. 2 and tightened the gap on the list leader to just 3,842 closings. Pulte Homes shifts back to third, after its closings declined 9.08 percent, with Centex Corp. and KB Home rounding out the top five.
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Take the BUILDER Poll (BUILDER Online) Do you think incentives are an effective way to motivate trade contractors to follow safety policies on the jobsite?
From the Pages of BUILDER: BUILDER 100: Inventory Problems (BUILDER Online) Between spec homes that didn't sell, investors who canceled due to market conditions, and move-up home buyers who couldn't sell their existing homes, builders got stuck with a lot of inventory in 2006.
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Robb Crocker is the senior editor for BUILDER Online. Please e-mail any comments, questions, suggestions, and news tips to firstname.lastname@example.org.