Investing

Builders Submit Bids for Seward Park Lot Development

Plans of improving the Seward Park Lot on the Lower East Side of New York City have received a fresh boost as many affluent developers have submitted their bids to develop the six acre parcel. The large lot has nine separate plots. Bids were solicited for one or more plots.

Fannie Mae to Pay Back $59.4 Billion to US Treasury Department after Record Quarterly Profits

The Federal National Mortgage Association, popularly known as Fannie Mae will be paying back $59.4 billion to the U.S. Treasury as it reports record quarterly profits and hopes to capitalize on the loans it had received from the department during the housing crisis.

Builder Confidence in 55+ Single Family Housing Market Rises in First Quarter of 2013: NAHB

The 55+ single family Housing Market Index (HMI) analyzed by the National Association of Home Builders (NAHB), rose to reach 46 points in the first quarter of 2013, making it the highest first quarter point recorded since the introduction of the measure in 2008.