Residential Tuesday 2007.0731

Tue Jul 31 17:50:17 PDT 2007

Dear Designers, Builders, and Dwellers,

Residential Tuesday brings you top housing news and analysis every week 
in this free email newsletter from the editors of ArchitectureWeek. 

As the effect of the U.S. subprime mortgage crisis broadened this week, 
an article in the Washington Post sought to trace subprime lending back
to its roots:

	Until recently, the long-simmering problems in the subprime
	mortgage market appeared to be localized -- contained to a
	few unfortunate housing markets and a few unfortunate
	companies whose fortunes were linked entirely to lending to
	individuals with poor credit. But this week, the subprime
	contagion spread rapidly. Countrywide Financial, a huge
	lender with little subprime business, reported that an
	unexpectedly large chunk of its prime loans were going sour.
	Homebuilders reported dismal results. Suddenly aware that
	loans don't always get repaid, the Wall Street credit
	machine, which has helped keep the stock market aloft,
	shifted into neutral. Investors reacted accordingly,
	repricing risk and driving stocks down with alacrity.

	But the origins of the subprime mess can't be found in Lower
	Manhattan, or in Washington, where regulators generally
	snoozed as subprime emerged from a tiny niche to become a
	mainstream phenomenon. No, this trend, like so many others,
	started in Southern California.

	Subprime Suspect - Washington Post, 2007.0727
	http://www.washingtonpost.com/wp-dyn/content/article/2007/07/27/AR2007072701693.html

More subprime lending news in the United States and elsewhere:

	Keep Your Eyes on Adjustable-Rate Mortgages - New York Times, 2007.0801
	http://www.nytimes.com/2007/08/01/business/01leonhardt.html?ref=business

	American Home May Liquidate Assets, Shares Plunge - National Post, 2007.0731
	http://www.canada.com/nationalpost/financialpost/story.html?id=6e27f5aa-f136-4ca3-a71f-80413837e48a&k=3944

	German Lender Hit by U.S. Subprime Woes - New York Times, 2007.0731
	http://www.nytimes.com/2007/07/31/business/reuters-subprime.html

	Deutsche Bank Ducks Fallout from Subprime Loans - International Herald Tribune, 2007.0729
	http://www.iht.com/articles/2007/07/29/business/bxfees.php

	Subprime Blood Spills on to Investors' Carpets - The Age (Australia), 2007.0728
	http://www.theage.com.au/news/business/subprime-blood-spills-on-to-investors-carpets/2007/07/27/1185339259989.html

	Wells Fargo to Limit Subprime Lending - New York Times, 2007.0727
	http://www.nytimes.com/2007/07/27/business/27fargo.html

Residential Design and Building News
------------------------------------

Wells Fargo Sued for Racial Bias in Mortgage Loans - Reuters, 2007.0731
http://www.reuters.com/article/bondsNews/idUSN3125189220070731

The Upside of High-Priced Homes - San Bernadino County Sun, 2007.0731
http://www.sbsun.com/news/ci_6504394

New-Home Sales Fall for Fifth Year in Succession - The Age (Australia), 2007.0731
http://www.theage.com.au/news/business/newhome-sales-fall-for-fifth-year-in-succession/2007/07/30/1185647826499.html

An Affordable Housing Fix? - Atlanta Business Chronicle, 2007.0730
http://atlanta.bizjournals.com/atlanta/stories/2007/07/30/story2.html?b=1185768000%5e1497445

House the Homeless - Philadelphia Daily News, 2007.0730
http://www.philly.com/dailynews/local/20070730_A_continuing_city_effort__House_the_homeless.html

Housing Affordability Crisis 'Worsening' - The Age (Australia), 2007.0730
http://www.theage.com.au/news/Business/Housing-affordability-crisis-worsening/2007/07/30/1185647791412.html

New Zealand June Home-Building Approvals Surge - Bloomberg, 2007.0730
http://www.bloomberg.com/apps/news?pid=20601081&sid=a0RZv9FBmm.0&refer=australia

Urbanist Explosion - Los Angeles Times, 2007.0729
http://www.latimes.com/features/printedition/home/la-re-nouveau29jul29,1,6663210.story?coll=la-home-printedition

Home Builders Suffer Hard Blow to Wallets - St. Petersburg Times, 2007.0729
http://www.sptimes.com/2007/07/29/Hernando/Home_builders_suffer_.shtml

New Housing on Resort Islands - New York Times, 2007.0729
http://www.nytimes.com/2007/07/29/realestate/29nati.html?ref=realestate

Taking the Long View - Seattle Times, 2007.0729
http://seattletimes.nwsource.com/html/pacificnw07292007/2003802218_pacificpnwl29.html

Building a Case - New Mexico Business Weekly, 2007.0727
http://albuquerque.bizjournals.com/albuquerque/stories/2007/07/30/story1.html?b=1185768000%5E1497119

Growing Panes - Brisbane Times, 2007.0727
http://www.brisbanetimes.com.au/news/house--home/growing-panes/2007/07/27/1185339228791.html

Design District Shedding Its Scruffy Image - Dallas Morning News, 2007.0727
http://www.dallasnews.com/sharedcontent/dws/bus/stories/072707dnbustrinity.35ac218.html

New Home Market Hammered - CNN, 2007.0726
http://money.cnn.com/2007/07/26/news/economy/new_home_sales/?postversion=2007072613

Housing Problem to Get Worse - Herald Sun (Australia), 2007.0726
http://www.news.com.au/heraldsun/story/0,21985,22138302-5005961,00.html

Twice as Nice - New York Times, 2007.0722
http://www.nytimes.com/2007/07/22/magazine/22Style-t.html

Programme Addressing Housing Shortage Continues in Morocco - Magharebia, 2007.0722
http://www.magharebia.com/cocoon/awi/xhtml1/en_GB/features/awi/features/2007/07/22/feature-02

People and Places This Week - 
	Pei Partnership Architects in New York, New York - 
	JLG	Architects in Grand Forks, North Dakota - WWCOT in
	Modesto, California - ADD Inc in Miami, Florida - 
	de Architekten Cie. in Bucharest, Romania - FXFOWLE
	Architects, PC in South Mumbai, India - OWP/P in
	Arlington Heights, Illinois...
     http://www.ArchitectureWeek.com/2007/0725/people_and_places.html

Product News - Bluebeam Releases PDF Revu(R) v. 5.5
     http://www.archweek.com/2007/0725/products_update.html

ArchitectureWeek Jobs Board - free postings!
     http://jobs.ArchitectureWeek.com/

ArchitectureWeek Book Center - 87 architecture-related categories!
	Residential Design and Building Books
	 http://www.archweek.com/books/browse.php?category=24
	Multifamily Housing Design and Construction Books
	 http://www.archweek.com/books/browse.php?category=25

                          -- * --
            Topical eNewsletters by ArchitectureWeek
      Green Wednesday - sustainable design and building news
          http://www.ArchitectureWeek.com/subscribe.html
      Residential Tuesday - housing news and analysis
          http://www.ArchitectureWeek.com/subscribe.html
                          -- * --

This Week's Quiz -	
	In response to concerns about climate changes, there has
	been a movement in several areas of the country to
	require higher levels of environmental responsibility in
	the design and construction of buildings. In some cases
	this effort is led by architects, such as in Oregon,
	where architects have helped initiate legislation (not
	yet adopted) requiring state-funded buildings over a
	certain size and cost to meet LEED (Leadership in Energy
	and Environmental Design) Gold standards. Many of us
	think of "green" architecture as being mostly concerned
	with energy conservation. LEED addresses energy and four
	other major areas of concern. What are the four other
	areas that LEED addresses?
     http://www.ArchitectureWeek.com/2007/0725/quiz.html

Architecture Answer - for last issue's quiz...
	Stainless steel should probably be considered stain-less
	rather than stain-proof since it is not unusual to see
	some rusting on stainless steel. How could some of this
	rusting be prevented during fabrication?
     http://www.ArchitectureWeek.com/2007/0725/answer.html

Classic Home 067 - Eames House by Charles and Ray Eames
     http://www.ArchitectureWeek.com/2007/0725/classic_home.html

Current Events and Exhibits
     http://calendar.ArchitectureWeek.com/events/

New Design Competitions
     http://calendar.ArchitectureWeek.com/competitions/

Upcoming Conferences and Expos
     http://calendar.ArchitectureWeek.com/conferences/

Residential Design and Building Forum
     http://arch.designcommunity.com/forum-7.html
Modern Living Forum
     http://www.designcommunity.com/forums/forum-14.html
Architecture Discussion Forum
     http://www.designcommunity.com/forums/forum-6.html
Architecture Students Forum
     http://www.designcommunity.com/forums/forum-13.html
ArchWeek Classified Ads - Buy/Sell & Services
     http://www.designcommunity.com/forums/adverts.php

Contents, RSS, and Surface of the Week - 
     Cut stone, brick, and moldings (WA-076)
     http://www.ArchitectureWeek.com/2007/0725/contents.html

Five years ago in ArchitectureWeek:
     Georgia Preservation Awards by ArchitectureWeek
     http://www.architectureweek.com/2002/0724/news_1-1.html

For any subscription-related questions, just drop us a line at
"subscriptions at architectureweek.com".

Joining the list to get this weekly message is always free.  And 
please write to us directly anytime, at "editor at architectureweek.com".

Best wishes,

David Owen
Assistant Editor
ArchitectureWeek

Reach thousands with this weekly residential design and building newsletter:
       http://www.ArchitectureWeek.com/media_kit.html
   Update your entry in the Archiplanet wiki with more than 20,000 firms:
       http://www.archiplanet.org/wiki/Help:Getting_Started
   Suggest a web site to be linked from our free Web Directory:
       http://www.ArchitectureWeek.com/links/
   Join the free email list for this weekly email newsletter:
       http://www.ArchitectureWeek.com/subscribe.html
   Subscribe and contribute to help support ArchitectureWeek on the Web:
       https://archweek.securesites.com/cgi-bin/support_archweek.cgi

   To UNSUBSCRIBE, and also for self-service change of email address:   
       http://www.architectureweek.com/mailman/listinfo/tuesday

	** ArchitectureWeek is a green publication.  By publishing 
	this professional design and building magazine online only, 
	we save about 48 tons of paper monthly, equivalent to about 
	50 large trees every week, or some 2500 trees saved per year, 
	compared to reaching a similar readership on paper - not 
	counting these newsletters!  Our offices are powered by 100% 
	wind energy through our local electric utilities.

    Reduce your carbon footprint:  Read ArchitectureWeek online, 
    and drop that paper-based monthly subscription!

+ - - Copyright (c) 2007 Artifice, Inc. - All Rights Reserved. - - +
             Share Residential Tuesday with a friend!