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Nov. 19--The light at the end of the recessionary tunnel flickered yesterday as a Commerce Department report showed housing starts fell in October and the Labor Department said consumer prices rose slightly more than anticipated during the month.
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NEW YORK - Shares of most homebuilders were mixed in Wednesday trading after two reports gave weak readings on the current housing market.
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WASHINGTON - The budding economic recovery isn't getting much help from the home-building industry, which normally creates jobs and drives growth when a recession ends.
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Single-family permits remain flat at seasonally adjusted pace of 451,000.
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Froehlich Signature Homes diversifies into apartment construction, office condominiums, and foreclosure rehabs.
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Nov. 17--The development of housing geared to low- and moderate-income residents has come to a near halt in Silicon Valley because of state and local budget crises and the general economic meltdown, housing experts gathered in Santa Clara said Tuesday.
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At the Greenbuild Conference last week, Tedd Benson chastised builders for not crafting high-quality homes.
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HMI remains at a reading of 17.
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Eight housing professionals with different areas of expertise band together to serve builders increasingly reliant on outsourcing in the downturn.
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Nov. 16--The passage of a law this month that extended and expanded a first-time home buyer's federal income-tax credit will give a boost to the market while extending the reach of the tax break to more buyers, observers say.