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Builder Magazine: Latest News

Bay Area home prices up, sales down
Mar. 19--Bay Area home sale prices rose for the fifth-straight month while the number of homes sold fell for the second-consecutive month on a year-to-year basis as some buyers are finding it harder to get into a home due to worries about job security, a lack of inventory and difficulty getting financing.
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Many South Florida home sellers still pricing their houses too high
Mar. 19--Despite months of declining home prices, new data shows that South Florida sellers are still asking too much for their homes, then slashing prices when they don't sell -- a sign that buyers and sellers are still struggling to define fair market value in the aftermath of a boom-and-bust market.
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Peninsula real estate: Better than a bad February 2009
Mar. 19--Peninsula-area home sales improved by 7 percent in February, compared to February 2009.
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Buyer beware in Tampa's low-priced housing market
Mar. 19--TAMPA -- Home prices are lower than they have been in years, and there are plenty of properties to choose from.
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DRHA sued by contractor
Mar. 19--A construction company is suing the Danville Redevelopment and Housing Authority for racial discrimination and breach of contract in its work on a construction project for the housing authority.
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Luxury condo and townhome community in Charlotte files for Chapter 11
Mar. 19--Hagood Reserve, envisioned as a luxury condo and townhome community in south Charlotte, has filed for Chapter 11 bankruptcy protection.
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Nearly one-quarter of construction jobs lost in South Florida
Mar. 19--South Florida is one of the hardest-hit regions for construction job losses as a "depression" continues to strangle the industry, the Associated General Contractors of America said Thursday.
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Interest rates rise after inflation, jobs data
CHARLOTTE, N.C. - Interest rates rose in the bond market Thursday after a fresh batch of economic data showed that the economy continues to slowly regain its strength.
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Tax gains drive profits for homebuilders
LOS ANGELES - It's tax season, and the IRS is being particularly generous to some of the nation's largest homebuilders.
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Mortgage rates still below 5 percent
WASHINGTON - Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows.
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Former construction superintendent puts skills to work in energy efficiency
Mar. 19--Kent Mitchell was a construction superintendent with Rockford Homes in Vancouver when the national recession hit in 2008.
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Housing program grows
Mar. 19--Rebecca Hall and her 6-year-old son have moved six times in the two years she's been waiting on a housing choice voucher.
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GPS tracks suspected home burglar
Mar. 18--BROOKSVILLE -- A tracking device led to the arrest of a Spring Hill man suspected of burglarizing vacant homes and stealing appliances.
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Pennsauken loan firm ceases business in Pa.
Mar. 19--A Pennsauken firm that offered popular reverse mortgages for senior citizens has stopped doing business in Pennsylvania after the state Department of Banking banned it from soliciting customers without a license, a company spokesman said.
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Marin home sales, median rise slightly in February
Mar. 18--Marin saw a slight rise in home sales and the median price for a single-family home in February, a real estate tracking firm reported Thursday.
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Home prices finding stability in North Jersey and New York metro area
The housing market's steep price slide appears to be slowing, according to data released Thursday by the National Association of Realtors.
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Silicon Valley, Peninsula house prices, sales rise in February
Mar. 19--The median price of houses sold in Santa Clara County rose 21 percent last month compared to the same time last year, as more high-end homes changed hands.
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Firm: California median home price rises in Feb.
LOS ANGELES - The median home price in California recorded its fourth consecutive month of year-to-year increases after more two years of declines, suggesting that a lasting recovery may be taking hold, a tracking firm reported.
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Double-dip recession unlikely, economist tells Richmond group
Mar. 19--The numbers this summer likely will show economic growth is slowing.
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Home construction on the rebound in Fort Wayne area
Mar. 18--After plunging to the lowest levels since the early 1980s, home construction appears to be rebounding.
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