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Auctions abound in the Bay Area, too
Auction prices may help us determine where the market bottom is. One auction underway just across the Bay Bridge from San Francisco features 19 townhomes originally priced in the $530,000 range. Minimum bids start at $179,000.
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One-stop (online) shopping for home improvement pros
Home show presenter American Consumer Shows launched a Web site this week that the company says will help homeowners find, review, and hire home improvement professionals.
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Connecticut homebuilders hang in there
Yes, the market is slow, but many residential building professionals in Connecticut are not burdened with excessive inventory, and sales prices are not being slashed dramatically.
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Two special requirements for housing plan success: Perseverance and patience
It's too early to tell how many borrowers will respond to the housing plan, whose details were released this week. But loan servicers could be swamped.
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Irony at a rehab center for troubled loans
PennyMac is buying distressed mortgages at deep discounts, renegotiating many of them to help borrowers avoid foreclosure, and making a lot of money in the process. What's interesting is that PennyMac is run by former top Countrywide executives.
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Toll loss is narrower, but still shy of expectations
By cutting expenses the luxury homebuilder pared its fiscal first-quarter loss by about 7% compared with the same period a year ago. But its revenue came in about 4% short of analyst predictions.
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Taos building code goes green
The New Mexico town recently adopted green building code based on Home Energy Rating System standards for residential construction and LEED standards for commercial buildings.
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Beautiful Edwardian home in S.F. for only ... $150?
Believe it. One of San Francisco’s premiere arts showcases is selling $150 tickets to a fund-raising raffle whose grand prize is a $2.4 million home.
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Existing-home sales contracts slide, but Fed chief affirms faith in stimulus plan
The National Association of Realtors’ index of pending home resales took a deeper than expected dive, but Bernanke is taking a positive, long-term view of the stimulus plan.
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Citigroup to lower mortgage payments for unemployed borrowers
The troubled banking giant announced a program on Tuesday designed to give unemployed borrowers some breathing room as they hunt for jobs and try to recover financially.
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How to Paint Fiber-Cement Siding
Painter Jim Lacey shares some tips for caulking and painting fiber-cement siding. read more
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If you are looking for the latest building industry news, you've found the right Web site. The news we feature here is written by editors and trusted members of the Fine Homebuilding community on topics that matter most to your business. From code changes to lawsuits to matters of credibility, we'll let you know about the issues that affect your bottom line.
