D.R. Horton's Profits Fall 85 Percent (BUILDER Online) D.R. Horton says its net income for the quarter was $51.7 million, 16 cents per share, compared with $352.8 million, $1.11, a year earlier.

H&R Block to Sell Subprime Unit (Yahoo News/Reuters) H&R Block said on Friday it will sell its subprime lender Option One Mortgage Corp. to private equity firm Cerberus Capital Management, sending the tax preparer's shares up nearly 9 percent.

Builder Confidence at Low Point (BUILDER Online) Subprime mess contributes to declining builder confidence.

New Products Revealed at Coverings Show (BUILDER Online) Almost 35,000 tile and stone industry professionals and 1,200 manufacturers, dealers, installers have descended on the Windy City to get an interactive glimpse of all the latest product and technology developments associated with tile.

In Memoriam: Bernard "Bud" Rotter (BUILDER Online) Visionary home builder remembered for his ability to guide his company forward.

GE's WMC Mortgage to Lay Off Half of Staff (BUILDER Online) General Electric Co.'s WMC Mortgage subprime lending unit plans to lay off 771 workers, about half of its staff.

Video: Real Estate and Home Builders Podcast - Commercial Uses of Online Video ( (Google Video) What are the benefits of creating a Podcast for your home building company? Reaching a new audience.

Builders Clash with Ecologists Over Wildlife (The Arizona Republic) The U.S. Supreme Court is hearing arguments in a pair of Arizona cases that could lead to tougher requirements for how federal agencies weigh the environmental effects of their policies.

Video: Subprime Woes (CNN.com) CNNMoney.com's Allen Wastler discusses subprime loan problems and Citigroup's cost-cutting plans.

Video: For Laughs - 'Moron' Lenders (CNN.com) Comedian Kathleen Madigan has a reality check for subprime lenders hoping to get bailed out by the government.

Kansas Builder Sues Emprise Over Firms' Accounts (Kansas.com/The Wichita Eagle) A Wichita home builder is taking a bank to court, seeking to find out exactly how much money he owes on some past loans.

Shareholder Sues Home Builder Toll Brothers (Reuters) A shareholder has sued Toll Brothers, accusing the luxury home builder of misleading investors about the impact of the housing market downturn on its business.

Rates on 30-Year Mortgages Fall (Yahoo News/Associated Press) In its weekly survey, mortgage giant Freddie Mac reports that 30-year, fixed-rate mortgages averaged 6.17 percent this week. That is down from 6.22 percent last week.

Congress Addresses Subprime Crisis (BUILDER Online) Fannie Mae and Freddie Mac say they'll help financially troubled homeowners.

Bill To Mandate Green Building Standards Advances (San Jose Mercury News) California 'Environmental Code' takes effect in 2013.

Arizona Bars Online Home Price Estimator ( (Seattle Post Intelligencer) Arizona regulators have ordered a Seattle-based online home price estimator to stop doing business in the state.

San Antonio Real Estate is Hot Seller (BUILDER Online) The Texas economy is among the nation's strongest, and San Antonio and Austin have two of the hottest real estate markets.

Dubai's Emaar Q1 Profit Hit by U.S. Housing Slowdown (Yahoo News/Reuters) Dubai-based Emaar Properties, the largest Arab real-estate developer by market value, reported its slowest rate of profit growth in the first quarter in at least two years as the U.S. housing market cooled.

Special Report: The Mortgage Mess (MSNBC.com)

Special Report: Subprime Mortgage Crisis (Bloomberg.com)

Steve Zurier's Tech Blog (BUILDER Online) BUILDER magazine's Senior Editor for Technology asks, "Aren't there some builders who can't sleep at night who want to ramble on about technology?"

Boyce's Blog: Location, Location, Location (BUILDER Online) Boyce Thompson, the Editorial Director of BUILDER, tells how the markets for some projects sell four, five, and six times faster than others. The answer in almost every case is a strong location.

Take the BUILDER Poll (BUILDER Online) Do you expect the subprime crisis to affect your business?

Check out the current issue of BUILDER (BUILDER Online)

Robb Crocker is the Senior Editor for BUILDER Online. Please e-mail any comments, questions, suggestions, and news tips to rcrocker@hanleywood.com.

Learn more about markets featured in this article: Austin, TX.