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July 1, 2009
Several federal agencies have settled a two-year investigation against Beazer Homes USA, agreeing they won't prosecute the company for criminal mortgage and securities fraud if it meets certain conditions and pays between $48 million and $50 million in restitution over the next 60 months.
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The National Association of Realtors' Pending Home Sales Index crept forward in May, up 0.1% to 90.7 from an upwardly revised reading of 90.6 in April, 6.7% higher than May 2008.
July 1, 2009
The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 18.9 percent, an industry group said.The Market Composite Index, which measures mortgage loan application volume, fell from 548.2 to 444.8 in the week ending June 26, the Mortgage Bankers Association said in a release Wednesday.The Refinance Index also decreased, dropping 4.5 percent to 267.7, the MBA said.
July 1, 2009
WASHINGTON - Construction spending fell more than expected in May, a sign the problems facing the nation's builders are far from over.Construction rose 0.6 percent in April, down from the 0.8 percent increase originally reported. That left the April gain as the only increase in the past eight months.
July 1, 2009
NEW YORK - Americans - whose hope for the economy had been rising since March - unexpectedly lost faith this month, pushing down a widely watched barometer.The New York-based Conference Board said Tuesday that its Consumer Confidence Index now stands at 49.3, down from its revised May level of 54.8.The Dow Jones industrials fell 71.04 points Tuesday morning, or 0.8 percent, to 8,458.34, reversing earlier gains after the conference board released its report.
June 30, 2009
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Resources
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These lists, databases and services will help you organize and run your
home building business.
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