Real Estate

Homebuilder confidence high despite growing concerns over price, availability of materials

According to the National Association of Homebuilder's (NAHB)/Wells Fargo housing market index, the reading for homebuilder confidence for newly built single-family homes for the month of May was 83, holding steady month-over-month. However, the NAHB notes that aggregate residential construction material costs are up 12% year-over-year and are expected to move even higher.

Free offices with a view: 4 lighthouses, courtesy of feds

The General Services Administration says the U.S. Coast Guard has decided it no longer needs four of the nation's most picturesque lighthouses, and it's inviting certain types of organizations to take them over at no cost.