Homebuilders left no doubt about their attitude toward city of Des Moines proposals to scale back tax abatement programs that have been in place since 1987. The consensus: The changes will chill already anemic homebuilding in the city. Downtown developers were silent during the meeting Monday when the proposed changes were unveiled. But the wheels were turning.
U.S. single-family home prices in May rose from the previous year at the same pace as April but fell short of forecasts, Reuters reported.