News

Recovery Watch

• New-Home Sales Stumble Slightly in March

  Median price falls 3.5% to $201,400.

• Architecture Billings Show Signs of Recovery

  New project inquiries rise above break-even mark in latest AIA index.

• Land Investors Eager to Buy, But Big Deals Are Surprisingly Scarce

  Market conditions could loosen up, though, if more builders start waving the white flag.

• Warmington Group Nets Deals to Manage and Build Out REOs

  California-based builder persuades financial institutions to hire it to manage, build, and sell foreclosed properties.

• Pacific Lifestyle Homes Could Be Out Of Bankruptcy By Year’s End

  Washington builder can start building again under deal with banks.

• Florida Builders Generate Sales With Perfect Balance of Price and Product

  Stock Development and Neal Communities are drawing steady traffic to several of their neighborhoods.

• NAHB/Wells Fargo Housing Market Index Surges to 14 in April

  Builders’ expectations rise dramatically for single-family sales over the next six months.

• Off-Site, On-Your-Lot Business Protects Some Builders From Recession's Blows

  But lot owners can be tough to sell and demand a customized product.

• Local Plans for Stabilizing Neighborhoods With HUD Dollars Appear 'Innovative and Effective'

  Such efforts should eventually help builders by reducing inventory of foreclosed homes.

• New-Home Sales Post 4.7% Monthly Jump in February

  Pace remains more than 40% below sales activity one year ago.