Subprime Mortgage Delinquencies Hit High (BUILDER Online) Mortgage Bankers Association national delinquency survey cites defaults for all major loan types.
California New-Home Sales Rise (Real Estate Journal.com) 9.4 percent increase of sales is considered an encouraging sign.
Subprime Fears Spread,Triggering Calls for Reform (Real Estate Journal.com) Mounting troubles in the market for risky home loans together with weak economic data, rekindled investors' fears of a broader malaise, spurring calls for action from Washington lawmakers and triggering a sharp drop in the U.S. stock market.
U.S. Mortgage Lenders Rise on PHH Sale, Takeover Speculation (Bloomberg.com) Shares of U.S. mortgage companies rise after buyout firm Blackstone Group agrees to buy PHH Corp.'s home-lending business, and Bear Stearns Cos. says it's interested in buying more subprime loans.
Greenspan Says He Expects Subprime-Mortgage Fallout to Spread (Bloomberg.com) Former Fed Chief Alan Greenspan says the fallout from subprime-mortgage defaults will spread to the broader economy, especially if home prices decline.
Home Builders Assess Exposure to Risky Mortgages (Yahoo News/Reuters) Rising fears of mortgage foreclosures have sent shares of home builders down about 25 percent from a recent high last month.
Government May Punish Subprime Lenders (Associated Press/Yahoo News) The Housing and Urban Development Department (HUD) is suggesting that Fannie Mae and Freddie Mac consider giving strapped homeowners more time to make their payments.
GRAPHIC: States with Highest Subprime Delinquencies (Yahoo News/Reuters) Mississippi, Michigan, and Louisiana lead the nation in defaults.
Makeover Show Presents Second Opportunity for Missouri Builder (KC Community News.com) Kevin Green Homes once again leads build for "Extreme Makeover Home Edition."
Montana Builder Goes Green (Bigfork Eagle.com) Builder Erik Eckert's new green home features south-facing windows and solar panels on the roof to make the most of the heat, light, and electricity available from the sun.
Disneyland Sues to Stop Condo Plan (Yahoo News) Apparently, the "Happiest Place on Earth" doesn't want any new neighbors. The Walt Disney Co. is suing the city of Anaheim, Calif., to stop the proposed construction of 1,500 condos, including several hundred low-income units, at the doorstep of Disneyland.
Japan: Micro-Homes in the Big City (Business Week.com) Houses designed to fit on postage-stamp-sized plots offer the Japanese an affordable way to live in bustling, crowded, and hugely expensive downtown areas.
Home Builder Says the Market is Unlikely to Recover Quickly (Asbury Park Press/Bloomberg News Service) Pulte Homes, the fourth-largest U.S. Home builder, says the housing market is unlikely to have a quick recovery as buyers wait out the drop in prices.
Take the BUILDER Poll (BUILDER Online) What percentage of your marketing budget in 2007 will be spent on online marketing, including your Web site?
Boyce's Blog: Early Returns (BUILDER Online) BUILDER's Editorial Director Boyce Thompson asks builders if they are seeing any signs of improvement in the housing slump.
Check out the March issue of BUILDER. (BUILDER Online)
Robb Crocker is the Senior Editor for BUILDER Online. Please email any comments, questions, suggestions and news tips to firstname.lastname@example.org.
Learn more about markets featured in this article: Los Angeles, CA.