The solar industry faces its first shortfall in eight years, and smaller installations could be put on hold as a result.
The National Association of Realtors reported Thursday that pending home sales in August slipped but remained higher than a year ago, with a mixed regional performance. The Pending Home Sales Index, which is based on contract signings, declined 1.2 percent to 88.6 in August.
The S&P’s Case-Shiller Home Price Indices data through July 2011, released Tuesday, showed a fourth consecutive month of increases for the 10- and 20-City Composites, with both up 0.9 percent in July over June.
Irvine, Calif., officials last week granted final approval for the development of up to 5,000 homes on the old El Toro Marine Corps base. The development has a 10-year timeline and includes more than 500 affordable-housing units.
David Weekley Homes, the nation’s third largest privately held home builder, has acquired luxury home builder T.W. Lewis and its Phoenix market assets.
More people are living with family members amid high unemployment rates and a slow economy, but while the phenomenon is keeping the poverty rate lower, it has wider negative economic consequences.
President Barack Obama’s prime-time address on jobs didn’t focus much on housing, but it would create a $15 billion fund to get construction workers to rehab vacant and foreclosed homes and businesses.