Thursday, June 2, 2011

Housing News Digest, June 2

Metro Denver home prices rewind to 2001 levels
U.S. home prices continued to march lower in March and have entered "double dip" territory, according to the Standard & Poor's/Case-Shiller Home Price Indices.

Boulder gets housing grant
The Denver Housing Authority has received another grant from the U.S. Department of Housing and Urban Development to help residents of public housing become economically self-sufficient.
HUD`s Public and Indian Housing Family Self-Sufficiency program on Wednesday awarded nearly $15 million to more than 200 public housing authorities across the nation. Colorado groups received $381,000.

Colorado cities boast supersized homes
Several of Colorado's cities rank high on a roster of places with the biggest houses by number of rooms, according to a new analysis of U.S. Census Bureau data.

HOUSING: Foreclosures better in May, but construction sluggish
Foreclosure filings — the start of a legal process that can result in the loss of a home or other property — totaled 254 during May in Colorado Springs and El Paso County, a sharp, one-third reduction from the same month last year and down 8 percent from April of this year, according to a report released Wednesday by the El Paso County Public Trustee’s Office

Horror for US Economy as Data Falls off Cliff
"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday

Rising Rents Risk U.S. Inflation as Fed Restraint Questioned
May 31 (Bloomberg) -- For all the attention given to almost $4-a-gallon gas, the biggest threat to containing U.S. inflation may be the shift away from homeownership, which is pushing up the cost of leases across the nation’s 38 million rented residences