Freddie Mac Reports a Staggering $2 Billion Third Quarter Loss (BUILDER Online) Devastating quarter leaves lender in a scramble for cash and adds to the worries of the housing market.
Report: Freddie Mac to Raise $5 Billion in Preferred Stock Sale (Yahoo! News/Reuters) Freddie Mac has typically used the revenue from preferred stock sales to increase the size of its profitable, $703 billion portfolio of mortgages.
Housing Permits Sink to a 14-Year Low (BUILDER Online) Apartment and condo construction boost overall housing starts numbers by 3 percent.
Builder Outlook Remains Bleak (BUILDER Online) Confidence index remains at record low for November.
NYSE Halts TOUSA Stock Trading (BUILDER Online) Builder is still considering bankruptcy as an option.
Mayors to Meet About Rising Foreclosures (CNBC.com) Detroit, which is at the heart of an area that is among the nation's hardest hit by rising foreclosures, will host a meeting of mayors from across the country next week to address the nation's housing crisis.
Home Prices Continue to Fall (BUILDER Online) The latest quarterly report from Realtors shows significant drops in markets across the nation.
Price Cuts Put Builders in a Bind (MarketWatch.com) When freebies like granite countertops and no-cost closings didn't woo enough buyers, many home builders began trying to outdo one another with price cuts. But now, the tactic appears to be backfiring.
Michigan Home Builders Pondering Green (Business Review Western Michigan) While home builders in Kalamazoo County are responding more slowly to green building practices than their commercial counterparts, the movement has begun.
Viva the Future in Vegas (BUILDER Online) The present looks bad, so Las Vegas home builders look ahead.
ULI Author Says Housing Will Recover (BUILDER Online) New book traces how the rise of global capital into the real estate market created the housing boom.
Blog: Protect the Keys (BUILDER Online) Agree or disagree with the thoughts of BUILDER Editorial Director Boyce Thompson.
BUILDER Business Update (BUILDER Online) A weekly e-mail newsletter with breaking industry news on the business of building homes. {Sign up} for the BUILDER Business Update and other Hanley Wood newsletters. (http://hanleywood.sparklist.com/subscribe/memberlogin.tml)
Take the BUILDER Poll (BUILDER Online) What kinds of outside consultants have you used in the past year?
From the Pages of BUILDER: Facing Fire (BUILDER Online) As homes encroach on wilderness, they face a rising threat from runaway wildland fire. What can builders do to moderate the risk? Check out more from the current issue of BUILDER.
Robb Crocker is the senior editor for BUILDER Online. Please e-mail any comments, questions, suggestions, and news tips to rcrocker@hanleywood.com.