Exact(12)
The positive housing news sent the stocks of home builders sharply higher.
In an example of market volatility, stocks have soared on news of the increased offer for Bear Stearns by JPMorgan Chase and on a positive housing sales report.
In the US positive housing and consumer sentiment figures pushed the Dow Jones Industrial Average above 13,000 for the second time in a week.
The report continued a string of positive housing news, including the government's announcement on Tuesday that sales of new homes rose 16 percent last month to the highest level since July 2008.
A Feb. 16 report stated, "Recent positive housing reports should not be construed as a sign that the distress in the residential housing market is abating, but rather should be attributed to the temporarily limited supply of homes on the market".
Thus, we ranked homes with a positive housing outlook as less overpriced.
Similar(48)
But, in a more positive sign, housing inventory also fell.
"The trick is to make the sustainable and performance products visually pleasing while also practical," reports David Martin, construction director of the ArchiBlox Positive House - the world's first pre-fab energy positive house.
After perfecting the "passivhaus", which consumes minimal energy, engineers and architects have developed the energy positive house.
But with its plant-decorated walls and enormous double-glazed windows, the ArchiBlox Positive House, introduced in Melbourne's City Square last month, looks elegant and modernist.
According to Jones, the building costs of the 100 square metre energy positive house could drop below £100,000 if several were built at the same time.
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