Housing Starts Post Surprise Rise
Home construction unexpectedly jumped 8.2% in April, making the biggest increase in two years. However, the surge was driven by a surge in multi-family housing, while single-family starts dropped.
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Authorities sting mortgage fraud ring with arrests, lawsuit (San Francisco Chronicle) California authorities said Tuesday they filed a lawsuit and made seven arrests in a mortgage fraud case involving seven companies and thousands of homebuyers in Southern California. Attorney General Jerry
How to avoid mortgage default (Fort Worth Star-Telegram) Trouble begins with a slow descent toward your first missed mortgage payment.read more...
Mortgage growth slows for fourth month (IAfrica South African Business News) The year-on-year growth in mortgage advances slowed for the fourth consecutive month in January, probably indicating that mortgage advances growth has peaked for the time being, and will be on
Habitat for Humanity receives large donation A big gift will help an organization build homes for people who need them. The New Home Construction Center in Caledonia will donate more than $20,000 of products or services
New Home Construction Tumbles In 2007 "This is a precondition for recovery as it will eventually reduce the inventory overhang. But there is a long way to go." The prolonged slump in housing pushed construction
Housing Starts Rise Unexpectedly, Though New Permits Decline The pace of U.S. home building unexpectedly strengthened in September as new housing starts rose 5.9 percent, but new building permits fell more than expected to a near five-year low,