Residential Real Estate Industry News Headlines | Bizjournals.com
Real Estate:Residential headlines from the week of May 12, 2008
Beazer posts wider losses for Q1 and Q2
Beazer Homes USA Inc. has reported delayed earnings for the first quarter and second quarter of 2008, quarters in which its losses deepened during the housing market decline. (BZH)
March new-home sales down 63% in Solano County, 48% statewide
New-home sales were down 63 percent in Solano County in March, and down nearly 36 percent in Alameda and Contra Costa counties, compared with March 2007, according to the monthly California Building Industry Association/Hanley Wood Market Intelligence report.
Oahu home, condo resales down
Sales of Oahu's single-family homes and condominiums have declined, but prices have remained steady for both in the three-month period ending in April.
Kitchen Solvers looks to Atlanta growth
Kitchen and bath remodeling franchise Kitchen Solvers wants to open three new Atlanta stores within the next three years.
Mississippi work moves Deer Valley into the black
Deer Valley Corp. has started 2008 on the right foot by turning a profit.
Council approves $3 billion PUD on SH 130
The Austin City Council approved a resolution to negotiate a planned unit development (PUD) agreement for two mixed-use developments in the State Highway 130 corridor called Whisper Valley and Indian Hills.
Cincinnati, U.S. Bank target Westwood for Neighborhood Blitz
A program by Cincinnati, U.S Bank and other partners to kick-start revitalization in the city's Westwood neighborhood will be launched Friday. (USB) (KR)
Freddie Mac loses $151M
Freddie Mac on Wednesday reported its fourth loss in six quarters, and said it would raise $5.5 billion in new capital. (FRE)
Allen Tate opens Steelecroft Commons office
Allen Tate Realtors has opened a sales office in the Steelecroft Commons shopping center in southwest Charlotte.
$27 million complex going up near Baptist Hospital
Bristol Development Group will start construction this week on a $27 million apartment complex in Midtown near Baptist Hospital.
Home sales increase, inventory drops
Fewer homes are on the market and home-lookers are starting make offers, helping the battered housing market rebound slightly last month in the Sacramento region, according to a report released Wednesday.
East St. Louis Housing Authority to open $1.5M senior housing facility
The East St. Louis Housing Authority will unveil a $1.5 million, 10-unit senior housing development at Phoenix Court on Thursday morning.
Home sales, prices dip in Pittsburgh from last April
The Pittsburgh region's home sale activity continued to slow in April and median home prices dipped for the second time since 2005.
Bay Area traffic delays near dot-com boom levels
Traffic delays along several of the Bay Area's most congested freeway corridors was up in 2007 as hours wasted in the car kept pace with job growth, according to a report released Wednesday.
Luxury builder Toll Brothers reports 30% quarterly sales drop
Toll Brothers Inc. continued to wade through a tough housing market in its fiscal second quarter as preliminary revenue fell 30 percent. (TOL)
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