Industry News

U.S. home builders might not be singing "Happy Days are Here Again," but they seem to be humming a few bars of "I Whistle a Happy Tune." According to the NAHB/Wells Fargo Housing Market Index, builder confidence is up again in May for a second consecutive month, its highest level…

WASHINGTON - Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding.   The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac…

WASHINGTON - Consumer inflation was tame in 2009, with prices rising 2.7 percent. Yet families felt squeezed as their spending power sank in the face of falling wages, job losses and higher prices for energy, medical care and education.   Read the full article here

WASHINGTON - Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, says the economic recovery needs to be firmly rooted before the central bank reverses course and begins to raise interest rates. Read the full article here

When you look at all numbers for existing and new homes it appears that while housing is not declining significantly, it is not yet contributing to the V shaped recovery people are looking for.   Read the full article here

Green construction to contribute $554 billion to U.S. economy, new report says. Read full article here

Out of the depths of housing's worst downturn, smaller new homes are turning into a bright spot for some home builders. Read the full article here