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Denver ranked as 13th Healthiest Housing Market
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WASHINGTON - A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery.
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Nov. 19--The light at the end of the recessionary tunnel flickered yesterday as a Commerce Department report showed housing starts fell in October and the Labor Department said consumer prices rose slightly more than anticipated during the month.
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WASHINGTON - The budding economic recovery isn't getting much help from the home-building industry, which normally creates jobs and drives growth when a recession ends.
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Single-family permits remain flat at seasonally adjusted pace of 451,000.
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Nov. 17--The development of housing geared to low- and moderate-income residents has come to a near halt in Silicon Valley because of state and local budget crises and the general economic meltdown, housing experts gathered in Santa Clara said Tuesday.
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HMI remains at a reading of 17.
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Eight housing professionals with different areas of expertise band together to serve builders increasingly reliant on outsourcing in the downturn.
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Nov. 17--Camas home builder Matthew Clarkson holds no grand illusions about a rapid recovery from recession for his industry as he assumes the top leadership job with Washington's biggest home builders group.
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Nov. 17--The passage of a law this month that extended and expanded a first-time homebuyer's federal income tax credit will give a boost to the market while extending the reach of the tax break to more buyers, observers say.
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Here is a collection of successful projects that speak to a wide range of housing solutions that builders can undertake.
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New report quantifies economic impact of ‘green-collar jobs.’
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ATLANTA - Federal regulators have notified Beazer Homes USA that its top executive could face civil charges over incentive compensation.
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Nov. 13--Although the affordability of Inland Southern California's entry-level homes remains high, prices edged up in the third quarter and potentially eliminated some buyers as a reduced supply of bank-owned houses hit the market, the California Association of Realtors reported Thursday.
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Nov. 13--Harford County-based Gemcraft Homes Inc., one of the largest independent home builders in the mid-Atlantic, has filed for Chapter 11 bankruptcy protection amid declining sales in the recession.
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PLANO, Texas - Shontaye Edwards spends her day in a gray cubicle at a Bank of America call center in this Dallas suburb.
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Nov. 12--Short sales of homes frustrate buyers, annoy lenders, and cause real estate agents to tear their hair out waiting for deals to close.
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Forest Hill, Md.-based builder is undone by the recession and too much debt.
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SACRAMENTO, Calif. - In Arizona, the budget has grown so gloomy that lawmakers are considering mortgaging Capitol buildings.
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Arizona's Artisan Homes founder Eric Brown is taking over a restaurant in St. Maarten.