February Existing Home Sales Spike 5.1 Percent
from The Associated Press via The Austin American-Statesman
 One month does not a recovery make, but a jump in existing home sales in February may be a sign that the real estate market is stabilizing. Although sales of existing homes remain at lows not seen in more than a decade, economists were encouraged by the news, saying it reflected buyers who were taking advantage of deep discounts on foreclosures and other distressed properties. That activity is essential if home prices are to hit bottom. More
Existing Home Sales Up in West
from The Dallas Business Journal
Sales of existing homes in western states rose 2.6 percent in February from the previous month and were up 30.4 percent from February 2008, the National Association of Realtors said Monday. The January-to-February sales increase in the western states was less than the national average increase of 5.1 percent, NAR said, but the West was the only region of the country where existing-home sales were up from a year earlier. More
Midway Through Session, Texas House Has Yet To Pass a Bill
from The Dallas Morning News
Today, lawmakers are midway through their short, git 'er done, 140-day legislative session. And of the more than 5,000 bills filed, the full House has considered – wait, let me count – ah, yes: none. Call it the Seinfeld session – so far, a session about nothing. "It's very slow," said Rep. Alma Allen, D-Houston, in her third session. "We've been here almost three months, and there's not one bill out." More
Texas Senate Endorses Redistricting Bill
from The Dallas Morning News
Congressional redistricting in Texas would be handled by an independent commission rather than the Legislature under a bill tentatively approved Monday by the Senate. The measure by Sen. Jeff Wentworth, R-San Antonio, is aimed at heading off partisan showdowns in Texas, such as in 2003 when first House Democrats and then Senate Democrats fled the state to block action on a GOP-backed plan to redraw congressional districts in the state. More
Hutchison Urges Perry to Find Way to Take Unemployment Money
from The Fort Worth Star-Telegram
Gubernatorial candidate Sen. Kay Bailey Hutchison said Monday that Gov. Rick Perry should look for ways to accept $550 million in unemployment fund stimulus money without committing the state to future federal mandates. Hutchison told reporters at a Texas Daily Newspaper Association meeting that there may be a way to use the stimulus money to bolster the struggling fund and keep employers from facing steep unemployment taxes next year. More
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Show Me The Money: Counting on Stimulus Funds
from The Dallas Morning News
The Texas Senate's chief budget writer says he's relying heavily on federal stimulus money. Senate Finance Committee Chairman Steve Ogden says, though, that he's not worried that Gov. Rick Perry will reject any more economic recovery aid from Washington. More
House Committee Will Hold Two Day Voter ID Hearing
from The Fort Worth Star-Telegram
Ever since Senate Republicans pushed through a bill that would require Texans provide photographic identification to vote, political watchers have been waiting for the House to pick up the issue. More
Could the Economy Be Healing?
from The Austin American-Statesman
Financial markets roared ahead Monday as investors reacted with near-euphoria to the Obama administration's trillion-dollar plan to stabilize banks by relieving them of their troubled assets and risky loans. More
Immigration Chronicles: Reform Battle Looming
from The Houston Chronicle Immigration Blog
It looks like we're in store for a sequel to the summer blockbuster of 2007 when immigration reform crashed and burned in Congress. Last week President Obama re-affirmed his campaign promise to tackle immigration reform head on. That plan includes a possible path to citizenship for illegal immigrants. Now we hear that anti-illegal immigration groups are feverishly writing the script to fight any efforts at amnesty. More
Get the latest Texas Association of Builders news as well as information affecting the building industry by visiting www.TexasBuilders.org. For information about Education, Exhibits and Special Events happening at the 2009 Sunbelt Builders Show™, visit www.SunbeltBuildersShow.com.
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