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1. Hickory Hill Apartments Sell for $28 Million -

A California-based real estate investment and advisory firm has purchased the 630-unit Trails at Mt. Moriah apartment complex for $28 million, or $44,444 per unit.

MDO Trails LLC, an affiliate of Newport Beach, California-based CORE Realty Holdings Management Inc., purchased the Class B multifamily property from NNN Mt. Moriah Apartments LLC and 39 related entities in a Dec. 13 warranty deed.

2. Hickory Hill Apartments Sell for $28 Million -

A California-based real estate investment and advisory firm has purchased the 630-unit Trails at Mt. Moriah apartment complex for $28 million, or $44,444 per unit.

MDO Trails LLC, an affiliate of Newport Beach, California-based CORE Realty Holdings Management Inc., purchased the Class B multifamily property from NNN Mt. Moriah Apartments LLC and 39 related entities in a Dec. 13 warranty deed.

3. US Home Prices Accelerated in February as Sales Rise -

WASHINGTON (AP) – U.S. home prices climbed at a faster pace in February than the previous month, driven by higher sales and a limited supply of available houses.

The Standard & Poor's/Case-Shiller 20-city home price index rose 5 percent in February from 12 months earlier, S&P said Tuesday. That is up from a 4.5 percent pace in January.

4. Shrinking Foreign Oil Bill Sends US Trade Deficit Lower -

WASHINGTON (AP) – The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country's swiftly shrinking thirst for foreign oil.

The deficit – imports minus exports – narrowed to $39 billion during the month, down 7.7 percent from a revised October deficit of $42.2 billion, the Commerce Department reported Wednesday.

5. US Construction Spending Up 0.2 Percent in April -

WASHINGTON (AP) – U.S. construction spending posted modest gains in April, driven by an uptick in home building and government construction that lifted total activity to the highest level in five years.

6. US Home Sales Edged Up 1 Percent in December -

WASHINGTON (AP) – Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years.

Sales increased to an annual rate of 4.87 million units last month, up 1 percent from the November sales pace, the National Association of Realtors reported Thursday. Both months represented a slower pace of sales than earlier in 2013, reflecting the drag from higher mortgage rates and higher home prices.

7. US Builders Broke Ground on More Homes in July -

WASHINGTON (AP) – U.S. developers broke ground on homes at a faster pace in July. But the rise was all due to apartment construction, which is typically volatile. By contrast, builders began work on fewer single-family homes – the bulk of the market – and sought fewer permits to build them.

8. US Jobless Claims Drop to 5-Year Low of 330,000 -

WASHINGTON (AP) – The number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring.

9. US Housing Starts Slowed to 861,000 in November -

WASHINGTON (AP) – U.S. builders broke ground on fewer homes in November after starting work in October at the fastest pace in four years. Superstorm Sandy likely slowed starts in the Northeast.

10. US Home Construction Dips, but Signs Point Up -

WASHINGTON (AP) – U.S. builders broke ground on slightly fewer homes in July than June. But in a hopeful sign for future construction, applications for building permits rose to their highest level since August 2008.

11. Foreclosures Squeezing US Home Prices and Sales -

WASHINGTON (AP) – Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak.

Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, foreclosures tend to limit demand for new homes.

12. Foreclosures Comprised Smaller Slice of 2011 Sales -

LOS ANGELES (AP) – Bank-owned homes and short sales last year accounted for the smallest slice of overall sales in three years but still made up nearly a quarter of all U.S. homes sold in 2011.

13. Rise in Home Building Suggests Industry Turnaround -

WASHINGTON (AP) – A surge in apartment construction gave home builders more work in November. And permits, a gauge of future construction, rose largely because of a jump in apartment permits.

14. Spring Buying Boosts US Home Prices for 4th Month -

WASHINGTON (AP) – The depressed housing market flashed a positive signal in July, with home prices in most major U.S. cities rising for the fourth straight month

The Standard & Poor's/Case-Shiller index released Tuesday showed that prices rose from June to July in 17 of the 20 cities the index tracks. Detroit, Chicago and Minneapolis posted the biggest percentage gains. Prices fell in two cities among those hit hardest by the housing crisis – Las Vegas and Phoenix.

15. Home-Price Index Falls to Lowest Point Since 2002 -

WASHINGTON (AP) – An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.

16. Natural Disasters Probably Won't Bruise US Economy -

WASHINGTON (AP) – The tornadoes and floods that have devastated parts of the South and Midwest have also hammered the local economies – flooding farmlands, suspending factory work and disrupting energy production.

17. New-Home Construction Plunges in February -

WASHINGTON (AP) – Builders broke ground last month on the fewest homes in nearly two years and cut their requests for permits to start new projects to a five-decade low. The decline in construction activity is the latest evidence that the housing industry is years away from a recovery.

18. Average Rate on 30-Year Mortgage Hits 5.05 Pct. -

NEW YORK (AP) – The average rate on the 30-year mortgage topped 5 percent this week for the first time since April. Higher rates could further hamper the struggling housing market ahead of the spring's prime home-buying season

19. Construction Spending Up for Third Straight Month -

WASHINGTON (AP) — Builders began work on more homes and the government boosted its investment in federal construction projects in November, marking a third straight monthly increase in construction activity after a dismal summer.

20. Homeownership Stays at Lowest Level in a Decade -

WASHINGTON (AP) – The nation’s homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand.

The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter, the Census Bureau said Tuesday. That’s the same as the April-June quarter.

21. Home Sales on Pace to Finish Year as Bad as 2009 -

WASHINGTON (AP) – This year's home sales are shaping up to be as dismal as last year, despite cheap home prices and mortgage rates that have fallen to the lowest levels in decades.

Sales of previously occupied homes rose last month, but not enough to keep this summer from being the slowest for home sales in more than a decade. And the year is not expected to finish much better.

22. May Home Sales Dip as Housing Market Struggles -

WASHINGTON (AP) — The housing market may be on the verge of taking another plunge that could weaken the broader economic recovery.

Sales of previously occupied homes dipped in May, even though buyers could receive government tax credits. And nearly a third of sales in May were from foreclosures or other distressed properties. That means home prices could soon be heading down after stabilizing over the past year.

23. Falling Home Prices Raise Fears of New Bottom -

NEW YORK (AP) - The housing slump isn't over.

Tax credits and historically low mortgage rates have failed to lift home prices so far this year. Prices fell 0.5 percent in March from February, according to the Standard & Poor's/Case-Shiller 20-city index released Tuesday .

24. Homebuyers Rush to Take Advantage of Tax Credits -

Real estate agents are working seven days a week, builders are staying open late and homebuyers are scrambling to get their offers in as they rush to take advantage of tax credits that expire at midnight Friday.

25. Not Much Impact From Repeat Buyer Credit -

It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find new places to live, giving a thrust of energy to the housing market’s recovery.

So far, people are staying put.

26. New Home Sales Drop 11 Percent in January, New Low -

WASHINGTON (AP) - Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.

27. Data on Industry Output, Home Building Boost Hopes -

WASHINGTON (AP) – Hopes the U.S. economy can sustain its recovery drew support Wednesday from news industrial output rose for a seventh straight month and home construction hit a six-month peak in January.

28. Home Construction Falls; Wholesale Prices Edge Up -

WASHINGTON (AP) – The housing market remains a significant risk to the economy, data Wednesday showed, as bad weather across much of the country hit the construction industry.

The U.S. Commerce Department reported construction of new homes and apartments fell 4 percent in December to a seasonally adjusted annual rate of 557,000 from an upwardly revised 580,000 in November. Applications for future projects, however, increased strongly as the industry ramps up for the spring selling season.

29. June Housing Construction Rises More Than Expected -

WASHINGTON (AP) - Construction of new U.S. homes rose in June to the highest level in seven months as builders rushed to pour foundations for homes that must be completed by the end of November for first-time buyers to take advantage of a special tax break.

30. Home Prices Drop 18.1 Percent In April -

NEW YORK (AP) – Home price declines nationwide appear to be moderating – another sign the beleaguered housing market is stabilizing, according to data released Tuesday.

While the Standard & Poor’s/Case-Shiller index of 20 major cities tumbled by 18.1 percent, it marked the third straight month the decline was not a record. And yearly losses in 13 metros improved compared to March.

31. Housing Starts Surge; Wholesale Prices Edge Up -

WASHINGTON (AP) - Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West.

While the surge in construction was far better than the continued decline economists had expected, experts viewed the rebound as a temporary gain given all the problems the housing industry still faces.

32. Industrial Production, Housing Starts Plunge -

Big industry production throttled back in January due partly to auto shutdowns, and housing construction tumbled to a record low, weaker-than-expected performances that show the country is caught in a worsening economic tailspin.

33. Home Values Post 18.2% Annual Drop -

Home prices tumbled by the sharpest annual rate on record in November as the deepening housing slump and national recession spared no region, according to a closely watched index released Tuesday.

But the silver lining might be that more families can finally buy a home for the first time in years. Falling home prices coupled with lower interest rates have shaved hundreds of dollars off monthly mortgage payments, and that is luring buyers back into the market, new data this week showed.

34. Layoffs Spike, Housing Rumbles; Outlook Worsens -

WASHINGTON (AP) - The number of newly laid-off Americans filing jobless claims and the pace of home construction both posted worse-than-expected results in government data released Thursday, lending urgency to the economic recovery plan President Barack Obama and Congress are scrambling to advance.

35. Home Prices Post 18% Annual Drop -

Home prices dropped by the sharpest annual rate on record in October and there are no signs the housing pain is over, according to a closely watched index released Tuesday.

The Standard & Poor’s/Case-Shiller 20-city housing index fell by a record 18 percent from October last year, the largest drop since its inception in 2000. The 10-city index tumbled 19.1 percent, its biggest decline in its 21-year history.

36. U.S., Local Home Sales Down -

WASHINGTON (AP) – Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years. The decline is expected to get worse because October's results reflect sales contracts signed before Wall Street's nosedive.

37. US Home Construction Sinks to New Record -

Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived.

Embattled homebuilders, who enjoyed a five-year boom, are now building new homes and apartments at a record-low pace, according to government data released Wednesday. New building permits, a barometer of future activity, also plummeted to the lowest pace on record.

38. Housing Bottom Delayed by Supply, Pessimism -

NEW YORK (AP) - More than 800,000 vacant homes for sale stand between the housing recession and the bottom. And that glut is driving down home prices, slowing sales and turning consumer psychology against the market.

39. Vacant Homes Set New Record High in Q1 -

WASHINGTON (AP) - The percentage of vacant homes for sale in the U.S. set a new record high in the first quarter of this year, the government said Monday.

The Census Bureau report shows that 2.9 percent of U.S. homes - excluding rental properties - were vacant and up for sale, compared with 2.8 percent in the fourth quarter of 2007. It was the highest quarterly number in records going back to 1956.

40. Sales of Existing Homes and Prices Both Fall in January -

WASHINGTON (AP) - Sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Median home prices were also down and many analysts predicted further price declines in the months ahead given high levels of unsold homes.

41. Archived Article: Memos - Clyde Springer, chief executive officer and co-owner of Armstrong Relocation, has received the Gene Anderson-United Van Lines Excellence Award, the highest honor United Van Lines extends to an individual. Armstrong has 13 full-service United agencie...