News

Recovery Watch

• Two More Startups Take Aim At California’s Home Buyers

  RSI Development and Trumark Homes step modestly into still-weak housing markets.

• Jurney Homes Plans Expansion into Charlotte

  Greensboro, N.C.-based builder has a contract to buy the Carolina assets of now-shuttered C.P. Morgan.

• Housing Recovery Still Faces Many Challenges

  The latest annual report from the Joint Center for Housing Studies sees a market whose future growth is driven by young and immigrant buyers.

• Economic Signs Suggest That Recession May Be Retreating

  Some forecast a turnaround by the end of this year, and possibly even by autumn.

• PCBC News: 70% of Consumers Say Now Is a Good Time to Buy a House

  But many still believe home prices are too high.

• Housing Starts Soar Past Expectations in May

  Total starts leap 17.2% to seasonally adjusted level of 532,000; permits also rise.

• Builders Adjust to a Recessionary Labor Market

  They aren't having trouble finding workers now, but some worry about the availability and cost of skilled subs once market conditions improve.

• DMB Associates Proposes Controversial California Redevelopment

  Plan to build 12,000 homes within two square miles along Redwood City’s bayfront must leap several environmental hurdles.

• A Start-Up Home Builder in Arizona With Financing. Seriously.

  Current barriers to entry are less expensive for the 25-year housing industry veteran and private equity firm launching Joseph Carl Homes.

• Pending Home Sales Jump in April

  Real estate agents and builders expect activity to surge in months ahead as buyers try to take advantage of tax credit.