Housing Starts

Today's housing headlines.


Wall Street Journal: "Federal Reserve Chairman Ben Bernanke put the U.S. dollar squarely on the Fed's radar screen, saying its slide against other currencies has led to an 'unwelcome' rise in U.S. inflation and may be a factor in inflation expectations."

USA Today: "To the untrained eye, the size, scope and sophistication of the alleged scheme is noteworthy. But to the FBI in Las Vegas, the problem is the opposite: In recent years, there have been so many mortgage fraud cases, the bureau and local prosecutors have had to establish a special task force to combat the problem."

Reuters: "Toll Brothers Inc. (TOL.N), the largest U.S. luxury home builder, posted a quarterly net loss on Tuesday, hurt by weakened demand in most markets amid the nation's housing slump, but the results were not as bad as Wall Street had expected."

Agence France-Presse: "The economic blight of mounting home foreclosures in some American communities could take years to heal, according to government officials and housing advocates."