News

Recovery Watch

• Phoenix Market Shows Signs of Improvement

  Shea Homes has added employees to build and sell homes.

• Treasury Releases Housing Tax Credit Usage Data

  At least 300,000 taxpayers through August have bought homes using the credit, according to tax return data.

• Caruso Homes Poised to Leave Bankruptcy

  With reorganization plan approved, Maryland builder will move forward taking down lots and building out communities for investors.

• As Lot Prices Dip, More Builders Buy Land Again

  Not every lot is equal, and bargains are still relative, but acquisition activity is definitely picking up.

• Market Recovery Looks Like a 'W' Shape

  Economists are suggesting that the housing market will slip again before the real recovery begins.

• St. Lawrence Homes Moves Closer to Exiting Bankruptcy

  North Carolina judge approves reorganization plan, in which the builder will complete homes for and with its lenders.

• Highland Homes Starts Selling in an Orlando Market That’s Stirring Again

  The builder is targeting entry-level buyers at a time when foreclosures continue to hold prices down.

• Single-Family Construction Spending Jumps Again in July

  Overall construction spending remained basically flat last month.

• Pending Home Sales Increase For Sixth Month in a Row

  NAR economist: ‘The recovery is broad-based across many parts of the country.’

• NVR Moves into Florida Market

  Virginia-based public builder has quietly started building homes in the Orlando market.