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HMI rises two points to a reading of 16.
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At Builder 100 conference, companies say they are already building smaller, efficient homes for a changing customer base.
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Details are still unclear whether or not home buyers must be working with a state housing finance agency to monetize credit for downpayment or equity.
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Country’s biggest builders convene in Chicago to discuss sales trends, first-time home buyer, tax credit, and who’s likely to survive the housing downturn.
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But economy loses fewer jobs--539,000—than many had expected.
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Meeting the demands of buyers who need to move in immediately has pluses and minuses in a down market.
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But merging with Centex might push the company into the black by next year.
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A brutal housing recession raises questions about standard operating procedures in the home building business.
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But Phoenix, Las Vegas, and San Francisco still are posting annual drops of more than 30%, according to Case-Shiller indices.
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Entrepreneurs are starting up new home building businesses across the country. With low overhead and unencumbered by past debts, the builders say they are nimble enough to survive now and positioned to thrive when the market rebounds.