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Builder Magazine: Latest News
Builders May Receive Cash Infusion From New Tax Bill
The same law extending the housing tax credit includes provisions that sweeten carrybacks from net operating losses.
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Florida Land Firm Partners With Builders
Company hopes partnerships with builders will help slow bidding wars for dirt.
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William Lyon Homes Shrinks Loss
Company executives say the company is ready to start growing again.
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BofA says credit environment remains difficult
CHARLOTTE, N.C. - Bank of America Corp. on Thursday reiterated that the current credit environment will remain difficult into next year, as unemployment is likely to continue to rise.
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Fannie Mae seeks $15 bln in US aid after 3Q loss
WASHINGTON - Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.
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Fannie Mae offers borrowers option to foreclosure
WASHINGTON - Can't pay the mortgage?
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Looking for land in all the right places
LOS ANGELES - The housing bust left homebuilders with plenty of red ink on their books as they walked away from swaths of land they no longer needed.
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Congress votes for more aid to jobless, homebuyers
WASHINGTON - Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.
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House votes to expand homebuyer tax credit
WASHINGTON - Buying a home is about to get cheaper for a whole new crop of homebuyers - $6,500 cheaper.
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Obama signs homebuyer, jobless bill assistance
WASHINGTON - President Barack Obama signed into law a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
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Breaking News: Congress Extends, Expands Housing Tax Credit
House approves extension by vote of 402-12; buyers now have until June 30, 2010 to close on a home.
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Congress giving homebuyers a $6,500 tax break
WASHINGTON - Buying a home is about to get cheaper for a whole new crop of homebuyers - $6,500 cheaper.
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Building permits up again in Oct.: Housing prices, interest rates, tax credit all help
Nov. 5--Homebuilders in the Twin Cities filed 53 percent more building permits for residential construction in October than during the same month last year -- the second consecutive month of year-over-year increases in the metro, according to numbers released Wednesday.
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Reynolds named Fla. Builder of the Year
Nov. 5--TALLAHASSEE -- Bradenton builder Richard Reynolds loves rules and research.
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Senate acts to extend aid for jobless, homebuyers
WASHINGTON - Recognizing that a weak economy still needs a government boost, the Senate voted overwhelmingly Wednesday to provide the jobless with up to 20 weeks in additional unemployment benefits and expand a first-time homebuyer tax credit to include a far larger pool of people entering the dormant housing market.
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How to apply for homebuyer tax credit
The Senate has voted to extend and expand a popular tax credit for homebuyers that was scheduled to expire Nov. 30.
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24 Jacksonville real-estate professionals indicted on mortgage fraud
Nov. 5--The former part-owner of one of Northeast Florida's biggest home builders has been indicted in a sweeping federal investigation of mortgage fraud.
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Fed keeps lending rates low
The U.S. Federal Reserve said it would maintain its current low interest rates at zero to 0.25 percent, despite recent economic improvements.
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Figures Provide Hope in Houston Real Estate Market
Nov. 5--New-home sales and construction continued to fall in the third quarter, but inklings of hope are emerging in the Houston area's housing market.
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Pulte-Centex Merger Nets Synergy Savings
Pulte, now the biggest builder in the country, increases its yearly savings estimates from $350 million to $440 million.
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