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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Oct. 25, 2011
 
 
 

Commentary: Prop 2 will help Texas secure the water it needs
Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Given our state's recent, tragic struggles with drought and wildfire, many Texans already know that expanding our water supply is a critical challenge facing the great state of Texas. That is why Proposition 2 will be on the ballot Nov. 8. It is the right way to secure an adequate supply of clean, affordable water now and for future generations of Texans. Proposition 2 provides low-interest loans to responsible, local governmental entities that are building and maintaining critical local water projects. More

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Housing crisis a hot topic for presidential hopefuls
NPR    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Home prices across the U.S. have dropped 30 percent from their peaks, a downturn that has sapped trillions of dollars in wealth from Americans. Not surprisingly, it's a hot topic for presidential candidates this campaign season. But so far, new ideas about how to fix the crisis have been scarce. More

Low mortgage rates elude 'underwater' homeowners
Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Today's record-low mortgage rates are out of reach for millions of U.S. homeowners who would benefit from them most. One in four homeowners with a mortgage — 11 million people — owe more than their home is worth. These "underwater" borrowers have virtually no shot at refinancing. Their plight is a drag on the housing market and the broader economy. More


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Come see us at our booth number #630 at the Sun Belt Builders show this coming October here in Austin.
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Existing home sales off in September but higher than a year ago
Realtor.org    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 3.0 percent to a seasonally adjusted annual rate of 4.91 million in September from an upwardly revised 5.06 million in August, but are 11.3 percent above the 4.41 million unit pace in September 2010. More

Foundation now accepting scholarship applications for Spring 2012 semester
TAB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Scholarship applications are now being accepted by the Texas Builders Foundation for the Spring 2012 semester. The deadline is Dec. 2, 2011.

The foundation awards student scholarships to individuals enrolled in Texas' technical and trade schools, as well as to those in community colleges and universities that offer construction degrees.

The Texas Builders Foundation serves as a resource to students, the residential building industry, and the citizens of the State of Texas. Its mission is to support the future construction workforce while providing information and education to the building community and consumers, and to support the charitable activities of the residential construction industry.

The application is available at www.TexasBuildersFoundation.org.
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Number of foreclosed DFW homes at 4 year low point
Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Fewer Dallas-Fort Worth residents are losing their homes to foreclosure. But the respite in forced property sales may not last, some analysts worry. Housing and mortgage industry economists also expect that home foreclosure filings in Dallas-Fort Worth will remain high for some time. More

Survey: Home prices up in half of major US cities
The Associated Press via Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Home prices rose in August in half of major U.S. cities measured by a private survey, a sign that prices are stabilizing in some hard-hit portions of the country. The Standard & Poor's/Case-Shiller index recently showed that prices increased in August from July in 10 of the 20 cities tracked. That marked the fifth straight month that at least half of the cities in the survey showed monthly gains. More

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Perry adds to staff as campaign seeks to rebound
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gov. Rick Perry, trying to find his footing on the presidential campaign trail, is bolstering his team of advisers and aides. The staff changes are among numerous steps Perry is taking to revive his campaign. He will also unveil his proposal for a 20 percent flat tax today, and he is planning to launch his first presidential television ads this week in Iowa. More

FHFA mortgage refi boost expected to be modest
HousingWire    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
Analysts expect results from the changes to the Home Affordable Refinance Program to be modest, but the Obama administration said it is working to expand the number of reachable borrowers even further. The Federal Housing Finance Agency removed a series of barriers to help more underwater borrowers with Fannie Mae and Freddie Mac loans refinance. The agency itself could not give a specific estimate of how many borrowers could be reached but did say the changes could double the 838,000 who already went through the program. More

Planners fret HUD funding
The Brownsville Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One good thing about grants from the U.S. Department of Housing and Urban Development is that the results are tangible — better roads and neighborhoods, for instance. When those funds are cut, the results are equally tangible. Congress reduced funding for HUD's Community Development Block Grant program by 16.5 percent, or $600 million, this year. HUD's HOME program lost more than $200 million, or 11.7 percent. More
 
 
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