Housing News
2009 national new home sales set record low
WASHINGTON Feb. 2, 2010 New home sales last year dropped to the lowest level in recorded history as a budding economic recovery grappled with unemployment and forecasts of increasing foreclosures.
The Commerce Department said Wednesday sales of newly built homes fell 23 percent nationwide in 2009 from the previous year to 374,000 the [...]
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Financial News
HUD asking for $41.6B for 2011 budget
LOS ANGELES Feb. 2, 2010 The Department of Housing and Urban Development (HUD) said Monday it will ask for less money from Uncle Sam this year because it expects income from two of its agencies to more than double.
HUD operates the Federal Housing Administration and Ginnie Mae, in
addition to a host of affordable [...]
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International Realty
Canadian home construction beats expectations, while prices rise
Canada’s housing market showed some resiliency through September and October, as national new home prices unexpectedly rose two months ago while the rate of construction on new homes was higher-than-expected in October, a pair of reports said Monday.
Statistics Canada reported that new-home prices rose in September even as the year-over-year increase fell to its slowest [...]
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