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Construction Industry Loses Another 53,000 Jobs

Deteriorating demand for construction services continued to drag on the economy as new federal figures show another 53,000 construction workers lost their jobs in December and the industry’s unemployment rate climbed to 22.7 percent.
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Will a 'Short Sale' Stimulate Home Sales in 2010?

Is a housing turnaround possible in 2010? That’s what U.S. homeowners and real estate professionals are counting on when the government’s ‘short sale’ guidelines take effect in April—guidelines that are designed to “shorten” the short sale process. full story ››

26 States Add Construction Jobs

Construction employment increased in 26 states this November during a period of warm, dry weather according to an analysis of new employment data released today by the Bureau of Labor Statistics.
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• Sunbelt States Most Likely To Recover First in Real Estate Downturn >>
• Pennsylvania's Lehigh Valley, a Hot Spot for Commercial Real Estate >>

California to Sell $2 Billion in Real Estate

The California Department of General Services (DGS) has awarded a contract to CB Richard Ellis Group, Inc. (NYSE:CBG) to sell 17 state office buildings to investors. full story ››

RESOURCES

Nine Tips for Attracting Off-Season Guests to Your Vacation Home

Austin, TX (October 2009)—It's that time again. Time to build crackling fires in the hearth, bundle up in your warmest sweaters, sip hot cocoa while you watch the snow—and start fretting over that unrented vacation home. full story ››

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C.A.R. Q3 First-time Buyer Housing Affordability Index

The percentage of households that could afford to buy an entry-level home in California stood at 64 percent in the third quarter of 2009, compared with 55 percent (revised) for the same period a year ago, according to a report released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). full story ››

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• Home for the Holidays: Five Ways to Make Your Vacation Rental Property the Hotspot >>
• New Survey Reveals Impact of Tax Credit on Home Buyers >>

Home buyers win big with extension and expansion of federal tax credit

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today commended Congress and the Senate for its swift actions in extending and expanding the provisions of the Federal Tax Credit for First-time Home Buyers. full story ››

Low Construction Prices May Soon Be Coming To An End

New federal data released today showing sharp increases in the prices of key construction materials like diesel, copper and brass mill shapes likely foreshadow future increases in construction costs, the Associated General Contractors of America announced today. full story ››

• Construction Industry Loses Another 53,000 Jobs in December >>
• Extension of conforming loan limits through 2010 earns praise from C.A.R. >>
• Deflation Spurs First Time Property Tax Reductions >>
• Showhomes Sees Spike in Sales of Luxury Homes >>
• Construction Unemployment Surges To 18.7% >>