Food, Farm and Financial News From Washington DC

Archive for the 'Housing' Category

WASHINGTON, July 16 – Builder confidence in the market for newly built single-family homes fell for a third consecutive month in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI fell below its previous record low of 18 in June to a new record low of 16 in July, with each of its three component indexes also hitting record lows.

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Washington DC -July 16- On a seasonally adjusted basis, the CPI-U advanced 1.1 percent in June, following a 0.6 percent increase in May.  The index for energy rose sharply for the second straight month, increasing 6.6 percent in June following a 4.4 percent increase in May.

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Washington DC -April 25- President Bush today signed a one-week Farm Bill extension which was passed by the Congress on Thursday. Read the rest of this entry »

Washington DC -April 21- Getting a Farm Bill passed yet this year is a top priority for the National Farmers Union (NFU). Tom Buis, President of NFU, told WashingtonView Radio today that the House and Senate need to come to an agreement soon.

Listen to NFU Tom Buis interview NOW at:    www.blogtalkradio.com/washingtonview

Washington DC -July 17- A surplus of unsold homes on the market, combined with ongoing concerns in the subprime mortgage arena and affordability issues associated with tightened lending standards and higher interest rates, continue to take a significant toll on builder confidence, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Read the rest of this entry »

Washington DC -July 3- Pending home sales, a forward-looking indicator, shows existing-home sales may ease but should stay fairly close to present levels in the months ahead, according to the National Association of Realtors®. Read the rest of this entry »

Washington DC -May 8- Housing activity this year will be somewhat lower than in earlier forecasts, with clearer analysis of the effects of stricter lending standards and a decline in subprime mortgage origination, according to the latest projections by the National Association of Realtors. Read the rest of this entry »

Washington DC -May 1- Pending home sales, a forward-looking indicator, show sales closed in April are likely to remain soft, with some drag possible in May as well, according to the National Association of Realtors (NAR) Read the rest of this entry »

Washington DC -April 16- USDA Under Secretary for Rural Development Thomas C. Dorr today announced the award of 29 loans and grants totaling more than $12.8 million to assist rural communities and businesses in 12 states. Read the rest of this entry »

Washington DC -April 16- Deepening problems in the subprime mortgage market continued to take a toll on builder confidence in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. Read the rest of this entry »

Washington DC -March 26- Sales of new one-family houses in February 2007 were at a seasonally adjusted annual rate of 848,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Read the rest of this entry »

Washington DC -March 19- Builder confidence in the market for new single-family homes receded in March, largely on concerns about deepening problems in the subprime mortgage arena, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. Read the rest of this entry »