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URGENT: NAHB needs your help to loosen AD&C credit TAB and NAHB Share     In order to get builders the credit that is so desperately lacking, NAHB needs you to submit hard-and-fast, verifiable and credible case studies that can prove that this is a serious problem. The AD&C credit crunch has cut off the flow of credit for the production of housing. NAHB is seeking strong examples of instances where home builders and developers have been unable to obtain acquisition, development and/or construction (AD&C) financing for viable projects or have experienced adverse treatment regarding an outstanding AD&C loan. More
Latest U.S. program pays homeowners to sell at a loss The New York Times via The Dallas Morning News Share
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions. More Forbes: If one state is a poster child for economic recovery, it's Texas The Westside Story Share
Forbes has ranked Austin as the city best surviving the recession. Austin tied with Washington, D.C. for the number one slot. Four Texas cities made the top 10, including Dallas, San Antonio and Houston. Forbes looked at unemployment, rate of job growth and projections, home prices and cost of goods and services. More
Are deaths linked to Chinese drywall? The Associated Press via Manufacturing.net Share
U.S. Sen. David Vitter has called for federal officials to do a more thorough review of the deaths of several people who lived in homes that contained smelly, possibly toxic Chinese drywall. Federal officials at the Consumer Product Safety Commission said they have investigated and found no link between the drywall and the deaths of eight people. They said one of the deaths did not even occur in a house with Chinese drywall. More Ebby Halliday building up to 100 with a week of events for 99th birthday The Dallas Morning News Share
It's hard to play down your 99th birthday when you're the Queen Mum of Big D. Ebby Halliday wanted to keep things low-key this year, holding out for a big bash for her centennial on March 9, 2011. "The hundredth is coming up, and that will be enough for both birthdays," she says. More
Despite concern, state economic figures show improvement The Houston Chronicle Share
Texas job creation and sales tax revenues may be inching in the right direction, experts said Monday, but state budget writers still face a massive shortfall expected to be swelled further by higher-than-projected Medicaid caseloads. More Texas budget chief: Shortfall at least $11 billion The Austin American-Statesman Postcards Blog Share
Texas' economy seems to have turned a corner, but the improvement won't be enough to avoid a significant shortfall next year, top budget officials said. John Heleman, the comptroller's chief revenue estimator, said Texas is beginning to add jobs, and he expects sales tax collections to pick up later this year. More
White: No to slots and casinos The Austin American-Statesman Share
Democratic gubernatorial nominee Bill White said that he does not support the legalization of slot machines and does not think Texas should legalize casinos across the state. "I don't think the State of Texas should be promoting gambling and something for nothing," White said during an interview with the American-Statesman. More Capital One Bank survey finds businesses have mixed economic outlook The Austin Business Journal Share
A quarterly consumer and business survey conducted by Capital One Bank discovered a mix of economic optimism and doubt among Texans recently. About 46 percent of respondents in the consumer survey said their savings decreased in the past six months, while 42 percent said their financial situation was weaker than a year before. About 84 percent said they were holding off on large purchases for at least six months. More
 Check your mailboxes for the latest issue of Texas Builder Magazine. Texas officials lobby feds for beefed-up border checkpoints The Houston Chronicle Share
A year after Texas ports of entry were snubbed in the federal stimulus package, a coalition of border officials lobbied lawmakers Monday to provide $6 billion for infrastructure improvements and more personnel. Texas led all states in trade with Mexico last year, but a General Services Administration report found land ports of entry need repairs. Border mayors and other officials say the government has failed to provide the money for upgrades and staffing. More McAllen to host state hurricane conference The McAllen Monitor Share
Representatives from the emergency management community, first responders and law enforcement agencies will attend the 2010 Texas Hurricane Conference in McAllen this May. The conference, scheduled from May 17-20, offers attendees a variety of resources to prepare and coordinate responses to catastrophic storms, state Sen. Juan "Chuy" Hinojosa, D-McAllen, announced this week. More
DFW home sales fell in February, but median price rose The Fort Worth Star-Telegram Share
North Texas home sales in February fell 5 percent from the same month a year ago, but for the eighth straight month the median home price rose compared with a year ago, according to a new report. The median home price was $139,900, up 1.3 percent from February 2009, reported the Real Estate Center at Texas A&M University. The center compiles monthly data from the Multiple Listing Service for its report, which covers a 24-county area including Dallas-Fort Worth. More Study: Houston hiring to increase in second quarter The Houston Business Journal Share
Businesses in the Houston-Sugar Land-Baytown area expect to hire at an active pace through the second quarter of 2010, according to a report issued by employment firm Manpower Inc. Milwaukee-based Manpower said 20 percent of the 18,000 companies interviewed plan to hire more employees, while only 7 percent said they planned to reduce their payrolls. More
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