Housing

Housing

Home sales dropped 0.4% in April

WASHINGTON (AP) — U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses.

The National Association of Realtors said Tuesday that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21 million in March.

Building permits, May 19, 2019

Listed are permits for all new single-family and multifamily residences as well as commercial and industrial work and residential remodeling costing over $25,000.

Permits are listed by applicant, description, site and cost.

Champaign

Tanley LLC, new zero-lot-line residence at 3405 Boulder Ridge Drive, $217,500.

Urbana's Landmark Hotel may finally have a buyer

URBANA — After at least three failed attempts in recent years, the Landmark Hotel may finally have a buyer.

Xiao Jin Yuan, who bought the hotel in 2010 for $600,000, told News-Gazette Media on Thursday he has signed an agreement with Marksons Affiliates LLC, a Maryland-based firm run by real-estate lawyer Samuel M. Spiritos.

State denies tax credits for Danville Housing Authority's proposed development

DANVILLE — State officials have denied low-income housing tax credits for a proposed $15 million development on various vacant lots in Danville.

Home construction climbed 5.7% in April

WASHINGTON (AP) — U.S. home construction rose in April, led by an uptick in single-family homes.

The Commerce Department said Thursday that homebuilding rose 5.7% last month to a seasonally adjusted annual rate of 1.24 million. But housing starts fell 2.5% from a year earlier, suggesting that would-be home buyers are facing a shortage of new houses.

Inman Place gets new owner; no changes expected

CHAMPAIGN — Inman Place, a senior independent living community in downtown Champaign, is under new ownership.

No changes are expected as a result of the sale, according to Inman Place manager Carolyn Crawford.

The bank that owned Inman Place transferred the ownership to a new corporate entity, Crawford said.

Building permits, May 12, 2019

Listed are permits for all new single-family and multifamily residences as well as commercial and industrial work and residential remodeling costing over $25,000.

Permits are listed by applicant, description, site and cost.

Champaign

Ironwood Builders Inc., new single-family residence at 2005 Max Run Drive, $361,000.

Preserving the past: Winners of PACA's 2019 Heritage Awards

From the bright lights of downtown to a small-town bungalow, the Preservation and Conservation Association's Heritage Awards shed light on those who have saved a piece of architectural history. PACA's BARB GARVEY told staff writer Paul Wood about this year's eight honorees.

Danville seeks solutions to continued violence — from community donations to beefed-up patrols

DANVILLE — One night last April, Terri Durrence awoke to the sound of her mother's cries for help.

Durrence thought her mom, who's in her 70s, had fallen. It turned out two men had broken through the back door of their East English Street home, pulled their guns on her mom and stole a TV, her mom's purse and her parents' cellphones and car keys.

Family Checkbook | Do homework before hiring a home remodeler

Home-remodeling projects can be scary to start. Since we bought our home, my husband and I have done several significant home-remodeling projects and one of the hardest parts is deciding whom to have do the work.

-