ArchWeek Residential 2009.0105
ArchitectureWeek Editors
editor at architectureweek.com
Mon Jan 5 16:47:03 PST 2009
Dear Designers, Builders, and Dwellers,
ArchWeek Residential brings you housing news and analysis weekly
from the editors of ArchitectureWeek.
Best wishes for this new year! And here's also to looking around
without rose-colored glasses, and finding our glasses half full
anyway - or better!
The Federal Reserve Bank of New York said Monday that it had
begun purchasing mortgage-backed securities in an effort to
bolster the battered housing market.
The program, initially announced Nov. 25, allows the Fed to
spend $500 billion to buy mortgage-backed securities guaranteed
by mortgage giants Fannie Mae and Freddie Mac and another $100
billion to directly purchase mortgages held by Fannie, Freddie
and the Federal Home Loan Banks. The program is aimed at driving
down the price of mortgages and making home loans more
available.
The New York Fed is overseeing the program for the Federal
Reserve. The New York Fed is working with four investment
managers -- BlackRock, Goldman Sachs Asset Management, PIMCO and
Wellington Management Company -- to purchase the securities.
Up to $500 billion in securities will be purchased by the end of
the second quarter.
Fed to Begin Buying Mortgage-Backed Securities - AP at NY Times, 2009.0105
http://www.nytimes.com/2009/01/06/business/economy/06feds.html
Discuss online:
http://www.designcommunity.com/forums/viewtopic.php?t=23130
Residential Design and Building News
------------------------------------
U.S. Construction Spending Falls Less Than Forecast - Bloomberg, 2009.0105
http://www.bloomberg.com/apps/news?pid=20601068&sid=aJ6rW0_NwC_A&refer=home
Housing Push for Hispanics Spawns Wave of Foreclosures - Wall Street Journal, 2009.0105
http://online.wsj.com/article/SB123111072368352309.html?mod=googlenews_wsj
Sales of Low-Energy Homes Stall - Boston Globe, 2009.0104
http://www.boston.com/realestate/articles/2009/01/04/sales_of_low_energy_homes_stall/
That '70s Kitchen, Refined - Boston Globe, 2009.0104
http://www.boston.com/bostonglobe/magazine/articles/2009/01/04/that_70s_kitchen_refined/
Historic Platinum - My San Antonio, 2009.0101
http://www.mysanantonio.com/business/37024799.html
In Harmony with Earth, Wind and Fire - New York Times, 2009.0101
http://www.nytimes.com/2009/01/01/garden/01garden.html?ref=garden
London's Victorian Housing Can Give Us a Design for Our Times - This is London, 2008.1230
http://www.thisislondon.co.uk/standard/article-23609395-details/Londona[euro](TM)s+Victorian+housing+can+give+us+a+design+for+our+times/article.do
French Housing Weakens Further - Daily FX, 2008.1230
http://www.dailyfx.com/story/market_alerts/fundamental_alert/French_Housing_Weakens_Further_1230627497441.html
'Piggyback' Mortgages May Cut Modifications, Fed Says - Bloomberg, 2008.1230
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeRcFRYKCebI&refer=home
Buyers Market? Home Prices Drop 18% in October. - Axcess News, 2008.1230
http://www.axcessnews.com/index.php/articles/show/id/17286
Subprime Lenders Struggle with Arrears - The Age, 2008.1230
http://business.theage.com.au/business/subprime-lenders-struggle-with-arrears-20081229-76v1.html
A New Home for IndyMac - Forbes, 2008.1229
http://www.forbes.com/markets/2008/12/29/indymac-bancorp-sale-markets-equity-cx_mp_1229markets19.html
Fed Study Finds 169 Mortgage Finance Companies Failed Last Year - Bloomberg, 2008.1229
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSn_n_QDGOY0&refer=home
10 Days That Shook 2008 - AsiaOne, 2008.1229
http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20081227-110683.html
Global Turmoil - The Star (Malaysia), 2008.1229
http://thestar.com.my/lifestyle/story.asp?file=/2008/12/29/lifefocus/2827803&sec=lifefocus
Modular Home Industry Hit by Recession - Chicago Tribune, 2008.1229
http://www.chicagotribune.com/news/chi-ap-wi-modularhomes,0,6470987.story
It's Shelter but Not a Home - Christian Science Monitor, 2008.1229
http://www.csmonitor.com/2008/1229/p17s01-lign.html
The Outlook for Canada's Housing Starts Weakens - Reed Construction Data, 2008.1229
http://www.reedconstructiondata.com/news/2008/12/the-outlook-for-canadas-housing-starts-weakens/
U.S. Auto Industry Seen as Most Distressed in 2009 - Reuters, 2008.1229
http://uk.reuters.com/article/marketsNewsUS/idUKN2931651520081229
Site Lets Consumers Shop for Better Rate on Home, Auto Insurance - Dallas Morning News, 2008.1229
http://www.dallasnews.com/sharedcontent/dws/bus/stories/122908dntexinsurance.3d4af0f.html
Skaters Jump in as Foreclosures Drain the Pool - New York Times, 2008.1229
http://www.nytimes.com/2008/12/29/us/29pools.html?bl&ex=1230699600&en=711c10f3322bb17f&ei=5087%0A
Housing Market in 2009 Could Be Mixed Bag - Seattle Times, 2008.1227
http://seattletimes.nwsource.com/html/realestate/2008562603_homeforecast28.html
Home-Mortgage Rate Hits Fresh Low, 5.14% - Wall Street Journal, 2008.1226
http://online.wsj.com/article/SB123025073099834337.html?mod=googlenews_wsj
Island Retreats for Everyone - New York Times, 2008.1226
http://www.nytimes.com/2008/12/26/greathomesanddestinations/26iht-island.html?scp=5&sq=house+home+residential+building&st=nyt
Architects Create American-Style Suburbs Overseas - Associated Press, 2008.1226
http://www.google.com/hostednews/ap/article/ALeqM5hN7tsOlBL7Zj5D-TU5Pq-zYThLvQD95AGU080
Homebuilders Will Start '09 with "Guns Blazing" - Under the Influence (blog), 2008.1223
http://undertheinfluence.nationaljournal.com/2008/12/homebuilders-assn-starts-2009.php
Japan Cuts Key Interest Rate to 0.1% - Independent Digital, 2008.1219
http://www.independent.co.uk/news/business/news/japan-cuts-key-interest-rate-to-01-1204132.html
People and Places, by Nancy Novitski
http://www.ArchitectureWeek.com/2008/1217/news_1-1.html
JCJ Architecture in Boston, Massachusetts - Ann Beha
Architects, with JMZ Architects and Planners in Glens Falls,
New York - Foster + Partners in Astana, Kazakhstan - SHW
Group in Flint, Michigan - Diamond and Schmitt Architects in
Toronto, Canada - Raw Design in Kitchener, Canada...
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Apple's Jobs Being Treated for 'Hormone Imbalance'; Will Remain at Helm - ZDNet, 2009.0105
http://blogs.zdnet.com/BTL/?p=11358&tag=nl.e539
Is the iPod Touch Driving App Store Sales, or Is It the Other Way Around? - Industry Standard, 2008.1229
http://www.thestandard.com/news/2008/12/29/ipod-touch-driving-app-store-sales-or-it-reverse
Siemens Ships Femap V10 - TenLinks, 2008.1218
http://www.tenlinks.com/news/PR/siemens_plm/121808_femap10.htm
U.K., U.S. Interest in Sustainable Architecture Growing - Cadalyst, 2008.1217
http://aec.cadalyst.com/aec/Web+Exclusive/UK-US-Interest-in-Sustainable-Architecture-Growing/ArticleStandard/Article/detail/572115?contextCategoryId=6789
Oce Outlines Key Considerations for Printing Complex Design and Construction Documents - Market Watch, 2008.1204
http://www.marketwatch.com/news/story/Oce-Outlines-Key-Considerations-Printing/story.aspx?guid={E2D5AB78-FBEA-4E79-96B4-428536422400}
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