Mortgage Rates Stay Low; 15-Year Lowest Since '91
Washington, DC, Sept. 25, 2009--Mortgage rates remained at three-month lows this week, with the 30-year fixed-rate mortgage averaging 5.04%, unchanged from last week.
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KB Home Narrows Loss, Is Uncertain About Recovery
Los Angeles, CA, Sept. 25, 2009--KB Home said its losses narrowed as orders rose 62% from the year-earlier quarter.
Durable Goods Orders Fall Unexpectedly
Washington, DC, Sept. 25, 2009--Orders for durable goods fell sharply during August on lower aircraft demand.
Boomers Want Green Homes, Don't Want To Pay More
Washington, DC, Sept. 24, 2009--There's a disconnect among retiring boomers between desire and willingness to pay for green homes, according to a new survey from the National Association of Home Builders and the MetLife Mature Market Institute.
Shaw Recycling 30 Tons of LaQuinta Hotel Carpet
Dalton, GA, Sept. 23, 2009--Shaw Hospitality Group and La Quinta Inns & Suites have partnered to keep more than 30 tons of carpet from landfills during five La Quinta hotels renovations.
Construction Backlog Rises Sharply in July
Washington, DC, Sept. 24, 2009--Associated Builders and Contractors said that the nation's Construction Backlog Indicator for July rose 8.9 percent to 6.1 months from 5.6 months in June.
House Resales Fall for First Time in Five Months
Washington, DC, Sept. 24, 2009--Resales of U.S. homes dropped 2.7% in August to an annual rate of 5.10 million, the first decline in five months, the National Association of Realtors reported Thursday.
Loans to Luxury Hotels in Danger of Default
Washington, DC, Sept. 24, 2009--Loans secured by more than 1,500 luxury hotels may be in danger of default, according to Realpoint LLC, a credit rating company that tracks commercial mortgage-backed securities.
Commercial Real Estate Slowed in 2008
Washington, DC, Sept. 24, 2009--Commercial real estate experienced a slowdown in sales transaction volume in 2008.
Initial Jobless Claims Fall to Two-Month Low
Washington, DC, Sept. 24, 2009--Initial jobless claims filed last week came in at 530,000, a figure that is 21,000 lower than than the week before.