On Hand at PCBC (BUILDER Online) Couldn't make it to the "City by the Bay" for PCBC 2007: The Premier Building Show? Well, BUILDER Online has got you covered with articles and thoughts from the showroom floor.
Pulte Homes Slashes Jobs (BUILDER Online) The nation's third-largest home builder continues cutting its workforce, this time with a 16 percent slashing.
Mortgage Rates Rise to an Eight-Month High (MSNBC) Freddie Mac reports average for 30-year, fixed-rate is at 6.42 percent.
Building Codes in Florida, Revamped Since Hurricane Andrew, are Still Being Worked On (The Herald Tribune) Fifteen years later, Andrew's legacy takes the form of a state building code that was tested during the 2004 and 2005 hurricanes and is still being researched and adjusted.
Judge Dismisses Fannie Mae Lawsuit (Yahoo News/Associated Press) Shareholders may not sue on behalf of mortgage giant Fannie Mae to force changes to its governing policies and recover money lost during a $6 billion accounting scandal, a federal judge rules.
JPMorgan Quietly Climbs Subprime Ladder (Yahoo News/Reuters) JPMorgan Chase & Co. is downplaying its role in subprime lending even as spectacular flameouts in that sector have turned the Wall Street bank into one of the biggest originators of risky mortgages.
Single-Family Home Building on Decline in Parts of Leavenworth County, Kan. (The Leavenworth Times) Single-family home construction is declining across the Kansas City metro area for the first time this year, reports the Home Builders Association of Greater Kansas City.
Weak U.S. Housing Market Slows World's Economic Growth (The International Herald Tribune) The weakening housing market in the U.S. is the primary factor slowing the world's economic growth, according to a U.N. mid-year economic forecast.
Inflation Trumps Housing in Feds' Mind (Yahoo News/Associated Press) Concerns about inflation trumped worries about the slumping housing market last month in the minds of Federal Reserve officials who voted to hold interest rates steady.
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.