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Posts tagged housing

US Tax Relief for Banks and Homebuilders

In an aggressive effort to help home builders and struggling owners, the US Senate passed a combination of tax breaks to address the dwindling housing market. The senate passed a regulation by allowing a $25.5B new property tax deduction to relieve the banks and homebuilders and a $7,000 tax credit for a purchase of a [...]

US New Home Sales Down for January

According to US new home sales is down 2.8% for January. The pace of sales is worst than what some economists had anticipated. This decline marked a 13 year low and shows the latest sign of prolonged weakness in the US housing market. January 08 results is also comparably 33.9% lower than last year. [...]

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