The solar industry faces its first shortfall in eight years, and smaller installations could be put on hold as a result.
Last Friday, RealtyTrac released its U.S. Foreclosure Market Report for July 2011, which shows foreclosure filings were reported on 212,764 U.S. properties in July, a 4 percent decrease from June.
A Bozeman, Mont., builder is constructing a home that is nearly 100-percent American-made — even its plastic sewer caps and underground copper connectors are made in the U.S.
Encouraging investors to buy foreclosed homes in bulk would help shrink the U.S. housing surplus, stabilize property prices and provide affordable rentals, Morgan Stanley housing analysts said in a report.
A piece of positive news has come out of the debt-ceiling deal reached earlier this week: Mortgage rates have fallen to levels that are at or near record lows.
United States builders began more nonresidential construction in June, pushing construction spending higher for a third consecutive month.
A survey indicates that 30 percent of all housing units in the United States are renter-occupied or vacant for-rent, and 27 percent is single-family detached homes.
Existing-home sales not seasonally adjusted are below the tax credit-boosted level of sales in June 2010 and June 2009. But NAHB advises to expect a report of a large year-over-year increase in sales announced next month.