NAHB - "Economic Slowdown Stalls Remodeling Activity" (11-11-08)

"The residential remodeling market continued its slump during the third quarter of 2008, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The current market conditions indicator declined to 33.5, from 41.8 in the last quarter. Future expectations of remodeling work also slid to 27.7 (from 38.0 in the second quarter). Both these indices rest at historic lows since the start of the RMI in 2001."

Bloomberg - "Bonuses for Wall Street Should Go to Zero, U.S. Taxpayers Say" (11-11-08)

"U.S. taxpayers, who feel they own a stake in Wall Street after funding a $700 billion bailout for the industry, don't want executives' bonuses reduced. They want them eliminated."

Yahoo - "Toll Brothers sees drop in home-building revenue" (11-11-08)

"Toll Brothers Inc, the largest U.S. luxury home builder, said on Tuesday it expected to report a 41 percent drop in fourth-quarter home-building revenue, sending shares down about 5 percent in premarket trading."

CNN - "Citi to modify $20 billion in home loans" (11-11-08)

"Citigroup says it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes."

CNN - "U.S. unveils mortgage plan" (11-11-08)

"The Bush administration on Tuesday unveiled a new program to modify mortgages and stabilize the battered real estate market, but the plan stops short of providing direct government financial help to at-risk homeowners. The plan centers on Fannie Mae and Freddie Mac, which between them own or back about 31 million mortgages worth a combined $5 trillion. The federal government took over the firms in September due to mounting losses on their portfolios of mortgages."

Bloomberg - "Revised AIG Terms Begin Treasury Transfusions to 'Zombie' Firms" (11-11-08)

"The Federal Reserve, which saved the insurer from collapse two months ago with an $85 billion loan, yesterday reduced that loan and offered lower rates, while the Treasury chipped in $40 billion from its bank-rescue fund to buy preferred shares. The new terms represent a departure for Secretary Henry Paulson, who until now has said he only wants to invest Treasury funds in 'healthy' firms."

Bloomberg - "General Growth Falls on Talk of Bankruptcy Protection" (11-11-08)

"General Growth Properties Inc., the second-largest U.S. shopping mall owner, fell the most ever in New York trading after saying it may seek bankruptcy protection if plans to refinance $958 million in debt do not succeed."

Bloomberg - "CB Richard Ellis Drops on Abandoned Private Offering" (11-11-08)

"CB Richard Ellis Group Inc., the world's largest provider of commercial real estate services, fell in New York trading after abandoning plans to raise up to $400 million in a private offering and saying it will instead sell more shares to the public."