Home Builders Halt Campaign Funds After Setback
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The National Association of Home Builders, one of the top 10 corporate donors to politicians, has stopped contributing to congressional candidates after it failed to get what it wanted in recent anti-recession legislation.
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Move follows government's failure to to find buyer for stricken mortgage lender
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The serious slump in the housing market and home building may be near a bottom, according to a leading U.S. home builder.
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Voters weary of campaign advertising will get a reprieve Monday in the political equivalent of a moment of silence.
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The home builder posted a net loss of $1.25 billion after home deliveries and new home orders halved, and it said it saw no signs of a recovery this year.
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The nationâs largest homebuilder posted a first-quarter loss of $128.8 million on charges to write off inventory and land values amid the continuing housing slump.
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John McCain is turning down government matching funds for the primaries to free him to spend more money for a general election contest.
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Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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One of Britain's biggest property funds shuts its doors to withdrawals after panic selling
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Worries about short-term damage to the economy led Federal Reserve policy makers at their August meeting to halt a more than two-year-old campaign of raising interest rates.
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Fremont Investment &amp; Loan yesterday agreed to postpone foreclosure proceedings against 2,200 Massachusetts homeowners after state officials determined the lender gave subprime mortgages to borrowers who could not afford the loan payments.
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The realty space is being disrupted.
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Shares of U.S. home builders slid on  Friday after market leader D.R. Horton Inc.  slashed its  forecast and a report showed consumer confidence was eroding.
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The slump in housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home  and Pulte Homes Inc  to their positions.
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Handing over more greenfield land to housing will not curb rising prices, say campaigners.
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By Kris Sherman, The News Tribune, Tacoma, Wash.  Jan. 31--Tacoma City Council members slapped a six-month moratorium on planned residential developments Tuesday night.
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Interest groups spending big donations on ads and voter outreach in the presidential race will face new limits after the fall election under rules approved by federal regulators. Campaign watchdogs criticized them as too little, too late.