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THE S&P Supercomposite Homebuilding Index is down 21 percent year-to-date, on track for the biggest annual drop since 2008. / BLOOMBERG NEWS

Builders slump as U.S. housing market shifts to the slow lane

NEW YORK - The housing market is stalling, and homebuilder stocks are feeling the pain.The S&P Supercomposite Homebuilding Index is down 21 percent year-to-date, on...
FLOOD-PRONE: Grover Fugate, executive director of the R.I. Coastal Resources Management Council, stands in front of properties on Strand Avenue in an at-risk area for flooding near the Oakland Beach neighborhood in Warwick.
 / PBN PHOTO/MICHAEL SALERNO

Report: R.I. homebuilding codes don’t cover all storm risks

Rhode Island again scored well in a recent report on the strength and enforcement of its homebuilding codes. However, with the 2018 hurricane season...
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