News

Business News

• Possible Cuts: HAWS Preparing to Reduce Vouchers

  Jul. 2--Officials with the Housing Authority of Winston-Salem are working with the federal Department of Housing and Urban Development to avoid drastic cuts in services to make up for a nearly $2.8 million shortfall.

   

• Old Dunn House Comes Down: Preservationists Lose Last-Ditch Battle to Save 19th Century Smithland Home

  Jul. 2--SMITHLAND, Ky.

   

• Small Business, Banks Look for a Match at Lending Expo

  Jun. 30--When Angeline Kopka lost her job in finance to a soldier returning from World War II, she decided to pursue a career in real estate.

   

• Bailed-Out Bank's Deals Raise Concerns

  Jun. 30--Community Business Bank in West Sacramento has weathered the financial crisis with a swagger that competitors might envy.

   
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  New SBA Loan Program Could Offer Lifeline to Builders

  America’s Recovery Capital program will lend up to $35,000 interest-free over six-month period to qualified small businesses.

   

• Building Contractors Must Now Register With the State

  Jun. 29--Building contractors will have to register with the state to continue doing business legally in Wisconsin starting Wednesday.

   

• Obama adviser not ready to back a second stimulus

  WASHINGTON - A senior White House adviser said Sunday the economic stimulus has not yet "broken the back of the recession" but set aside calls for a second massive spending bill.

   

• Thieves Promise to Save Homes

  Jun. 28--The name of the company sounded official: Federal Housing Aid.

   

• Potential Home Buyers Struggle to Obtain Loans

  Jun. 27--Even though local real estate agents and mortgage advisors believe now is a great time to purchase a new home, potential home buyers are still finding it extremely difficult to get home loans.

   

• Builders Indicate ‘Cautious Optimism’

  Sales, traffic improving even in move-up and active adult markets.

   

• Lennar's Sales Numbers Improve

  CEO says consumers' "abject pessimism" has been replaced with "sense of opportunity."

   

• Two More Startups Take Aim At California’s Home Buyers

  RSI Development and Trumark Homes step modestly into still-weak housing markets.

   

• Tax Credit Helps Open Doors: Tax Credit Helps Open Doors for First-Time Homebuyers.

  Jun. 25--It's free money at a time when people can use it.

   

• Parade of Homes Houses Go to Bank

  Jun. 25--Five custom homes featured in last year's Parade of Homes have now gone back to the Bank of Oklahoma after several months of negotiations.

   

• State Budget Cuts Nearly Paralyze Habitat for Humanity

  Jun. 21--DADE CITY -- Over the past year, East Pasco Habitat for Humanity has built more than 20 houses for some of the area's neediest families.

   

• Big, Brand New, Empty

  Jun. 21--GLENS FALLS -- After five years of planning and construction, The Mill at 20 Elm Street condominium complex is ready for occupancy.

   

• Local Developers Feeling Credit Crunch: Banks Hesitate to Lend in Current Environment

  Jun. 24--Local developers say they can't get local funding for their projects despite governmental talk about stimulating the economy.

   

• Building Slump Hitting Manatee Home Decor Businesses

  Jun. 24--ELLENTON -- The Cat's Meow, like many businesses in the home decor industry nationwide, was feeling the aftershocks of the housing crash at its location in a Venice shopping district.

   

• Taylor Wimpey Sees Substantial Jump in Orders

  U.K. orders are up 73%, while North American numbers lag; company is cautiously optimistic.

   

• Jurney Homes Plans Expansion into Charlotte

  Greensboro, N.C.-based builder has a contract to buy the Carolina assets of now-shuttered C.P. Morgan.