>> the first thing is to come to an orientation like family builders. explain the need who they are that have been in the foster care system, why they are there and what we need from families. being a foster parent is challenge but it's a tremendously rewarding. >> cheryl: who would be eligible? >> the most important criteria people can't have a criminal record or be involved in violence. if you speeding in weed 25 years ago we can overlook that. we do a full background check on everybody. we welcome single applicants both men and women. single men thought they can't be single parents but they can. we work traditional families and others. we really welcome everyone. we try to figure out to bring families into the process. >> cheryl: so if somebody applies how long does it take? >> it takes four to six months. that is the training and preparation and paperwork. once you are ready, then you begin to match the family with a child. >> once the child is placed on adoptive and you have completed all, that do you check back with them? >> we do. when a child is

from leading builders of america. >> without objection, so ordered. >> thank you. when you talk to different groups and individuals, you don't -- you don't hire an electrical contractor to bid electric work. you're getting them in areas sometimes they don't have expertise and you can't just necessarily not knowing an area go to a computer and pull up an equivalent square footage home and say it equates to what we're trying to sell here. it doesn't. we found out the situation with hvcc when it first passed when proposed, my argument was perhaps new york is the most corrupt state in the nation but 49 others don't have those problems and we need to allow more local control. being able to take an appraisal and use it again as not available during the old process we had where you required a lender to basically do the appraisal, that appraisal could not be taken to another lender to do the work. so there's areas that we need to deal with that i don't think we have. we're in a recovering market and we need to do what we can to make sure the market has an opportunity to re

if the builders are getting a premium, then maybe in the environment that's giving the builders a premiumshould be at a massive advantage over the builders. it's a totally different ball game if you feel the market is coming in, which i have, then you stay away from everything. everything moves with the overall market. if i were to buy on a dip, it would still be wells fargo. >> shares of cat, caterpillar is lower today after wells fargo cut estimates on manufacturer. economic concerns, strengthening dollar all contributing. down 3%. >> when you look at caterpillar, above the street, below the street, above expectations. in this note a lot of this they feel is priced into the stock. the fact they had channel checks, lighter than expected. i look at caterpillar this way. this is not something i very frequently trade. although if the options bring me in, i'll trade caterpillar with the best of them. right now i look at this as an investment opportunity. if you believe in some projections going forward and see some of that smoothing, obviously we'll have effects daily from china, daily from

i rise builders, committee rise, small builders, a nonprofit housing developers. again, i would ask you to report a proposal to the board. thanks. >> any other public comment on this item? >> midafternoon, supervisors. -- good afternoon, supervisors. in terms of rent control, i would never be able to stay here. this is a very important factor for me as a senior and a disabled woman that we take care of some people that need them most. affordable housing is very important to me. i represent several organizations, i am a very advocate volunteer. mental health association, a senior action network. i appreciate you getting this on the ballot. hav a nice -- have a nice day. >> public comment is now closed. i want to thank everyone that came today. they waited a tremendous amount of time, i appreciate your patience. we have several motions and i want to take the technical amendments first. is there any comment on this motion? >> these are the amendments in the certified document? >> without objection, they passed without objection. the next motion we have a before us is

as a designer and builder, we will have to do it together. so if this goes forward, and i am responsible for going forward, it will be about is making it as open as possible. >> thank you. supervisor kim: it is true you were dedicated to the historical significance of this site, why is there no our reach done to the community sitting here today? >> that is an outstanding question and the real fault. basically we did not know we were going to get that space until three years ago. it was a deal. someone else was at the forefront. i have gone to know the landlord. eventually the deal fell through and he turned to our team. he said we need this money now, and you guys are more than qualified as builders and operators. literally happened immediately. and on a personal level, i had to reach out to all of the communities. uncle to a flown in for the last 30 years to visit the eagle looked at me like are you capable of operating such an important place? i reached out immediately to make sure that people were born to support me. now this is happening.

these are the stocks of home builders. we're going to bring them up. you recommend d.r. horton, lennar, and you continue to like ryland and toll brothers. they were all on the downside today. what's the attraction. and what's the unifying theme for all of >> it presents an opportunity to get into these stocks. they were wek on goodidate a. the expectation is to continue to see acceleration in home sales for a couple of months and as long as the year over year pace continues we could see appreciation. >> it's a volatile sector, and it's important to keep that in mind. and risk tolerance, big swings day to day, but we think in the back half of the year you see the good numbers out of these guys. we think we're set up nicely to see the stocks go up. >> susie: any disclosures? >> no disclosures. >> susie: okay. lots of good information megan. megan mcgrath of mkm partners. >> susie: from strength in housing to rising commodity prices, the u.s. economy is grappling with a host of crosscurrents. suzanne pratt reports. >> reporter: no matter what newspaper you read, when it com

home builders had a pretty good run. >> we think they have further to go. often times the technicals turn before the fundamentals do. as you eluded to, up 24% here to date. the technicals back that up. there's really a lot to take about this chart. we see this nicely rising 200 day moving average, but we also see a textbook triangle break out. that should get us around 292 level. when you get through 22 you should trade 25, we like that home builder etf. >> so on the fundamental side, bob, what are they telling us? >> we're bullish. we're looking for 700,000 new home starts this year verses 600,000 this year. the fundamentals are in tact, a lot of it is reflected in the share prices. >> mandy, thank you so much, a half hour to go today. we're down 113 points, nasdaq is weeker as well. the market really took a turn for the worse. caterpillar dragged down and the market seems to be worsening just a bit, technology was under pressure because of chip warnings, and then there was one, what is the best state to do business in america. the wait is almost over. the

the home builders have had enormous runs.are in desperate need of a pullback before we weigh back into the group. we want a housing plan that hasn't come up to much or gotten hurt. we want a still housing play. in short, we want usg, a maker and distributor of building materials mainly coatings used for interior finishes and ceilings. it is the largest manufacturer of the wall board in the united states. makes up to 25% of the market. the company is a distribution business where they sell various building materials. usg's coatings businesses and the second largest maker of acoustical ceiling tile in the world. i have used it. i wasn't the one who installed it. why does it fly under the radar? last week the company reported 15 cents loss. and the stock blew up. 18% in a single session. holy mackerel. since then people have written off usg's prospects. usg employed because expectations got up too high. up 89%. in other words, the stock was priced for perfection. it would make you hate usg if you own it. you would say cramer oug

we have to incentivize builders to build affordable housing, to meet our needs, whether it is additional density and height. there are a number of ways we have been able to craft this. i think we have to be even more creative. i do not have the complete answer today. many things come to mind. sometimes, some of our most at risk housing provides most of our affordable housing. perhaps some way of asking builders to build new housing at the affordable level, at the lowest affordable levels, and be able to perhaps work on this housing to retrofit it and make it more acceptable for habitation. it may be a way we may be able to craft something that would work. that is a discussion for another day. we could do something along those lines. we have to do it with in san francisco as much as possible. we are somewhat at a loss, because we are a landlocked city and county, with only 48 square miles, approximately. we do not have the advantage of the cities and counties which have some land in which to expand. supervisor campos: if i may add to this discussion on affordable housing, a think the larg

has become a ship builder of the. models of ships he makes no different from the famous frigates or the times of peter the. every detail of the siding on the bridge has been carefully thought out there as sails and flags on the mosques. we produce two to three ships a year and we make them all different to avoid monotony ships are a symbol of the city of congo. and there is another ship that is city entrance gate we live in a city of ship builders so it's only natural that we put one over. it's beautiful. our ship is called. you can see a frigate and a cannon here we wanted to create a common collective image there used to be a shipyard in our peter the great built wooden ships here. here is the blueprint we'll use. we will not be following it to the letter. the deck will be a bit lower as the body of the ship is going to be rectangular. every ship just like the first ship has a history of a great deal of time and effort has been put into every one there is no favorite because we love them all. the positive emotions w

we could not build the hospital without the builders. i would like to introduce the senior vice president of our builders. >> you know, it is quite something to stand here and get a chance to reflect and look up at what this is really going to be. i would say three or four years ago when we were thinking about that, we did not have any specific ideas except we knew what we really wanted to accomplish. we knew we had to accomplish something great. if you think about those existing buildings that are here, they were built over 100 years ago. what really cured people back then was some light and fresh air. we had very few things to worry about on the design side. 100 years later, we have so many more things that can cure and help and benefit the community, and our hats go off to all those who have been a part of that. truly, from the architect and the engineering side and the entire engineering staff -- all the conditions, all the issues that come together to provide the world class opportunities and facilities that are here. coupled with t

let's look at numbers for home bui builders. leading the sector year-to-date and just below 50% gain today. >> thank you. look at gentex. the numbers are below and numbers compressing. the auto market and yield about 2.4%, down 2% today and 50% year-to-date. owners long on this stock are getting absolutely thumbed. >> thank you. another stock-up der pressure. keeping an eye on news corp.s today. shares are getting traded following arrests for the phone scandal. rebec remember b rebeckah brooks and six others were arrested and they say this is just the beginning of the investigation and more arrests expected. >>> disappointing results in a new drug to fight alzheimer's are out. pfizer announcing the results yesterday, shares down to $23.20. sema joins us with the fallout. >> alzheimer's is the most common cause of dementia. they disappointed the street late last night with news their alzheimer's drug failed to work in a large clinical trial and no sign it improved patient's cognition or performance in the placebo. patients in the

well, you have to look at the builders on a price to book basis.ore like land funds than traditional enterprise so on a price to book basis, they're at about 1.6 times. the range is between 1 and 2 times. so they're not really that optimistic or fully pricing in a robust recovery yet and also you have to add to that if they generate earnings, we estimate about 15% or 20% over the next 12 to 18 months and boost the stocks, as well. >> i wanted to focus in on the higher end home builders. there was a research report of citigroup with the notion that higher income people are more sensitive to stock market volatility and we will be in for a period of stock market voluntarility tillty in the back half of the year. does that apply to higher end builders like toll brothers with the super luxury developments going on? >> you would have thought so but what's interesting is over the past couple of weeks there's no slowdown in housing momentum even at the higher end. we were speaking to toll brothers a week or two ago and they were saying that the momentum co

builders say they are seeing their best sales level since february of 2007.coming off a 5 decade low last year. >> so we are competed on all levels. we are seeing everybody feeling more confident. more people employed. as a result that's picking up on level of construction. >>reporter: in many area new construction of apartment, condominium and town home is especially booming kvrment this graph with new representational construction in san jose. in 2003 there were more than 4300 units. activity dropped to a record low of just tlel00 units in 2009. it bounced back last year to about 1,000 and residential construction so far this year has almost doubled last year's total. amazingly on a pace to potentially hit the 4000 mark. >> we hit record level each month in the building permit activity which is allowing to us good out and hire staff become in the city which is grit. >>reporter: over all nationwide job growth is still weak but you could say the longer the line is at the building permit department the shorter the line at the unemployment office. which is why

june 28th, 2012, statement from the leading builders of america. and with that, the chair notes that some members may have additional questions for this panel which they may wish to submit in writing. that objection, the hearing record will remain open for 30 days for members to submit written questions to the witnesses and to place their responses in the record. with that, i really like to thank you and thank you for your expertise that you brought in this panel, and to help us as we move forward and so i thank you all for being here. and with that, this hearing is adjourned. >>> this weekend head to the state capitol named in honor of thomas jefferson with book tv and american history tv in jefferson city, missouri, saturday at noon eastern, literary life with book tv on c-span2. former senator and missouri first lady jean carnahan. inside the mansion. from her book "if walls could talk." also a provisions list from ancient mesopotamia. the stories behind eight miniature babalonian clay targets. >> at one time, 1967, this was called the bloodiest

if you say you're going to be an owner builder, you have to build that. they think they thought they were raising 36 inches and they made a typo. there is no horizontal addition, but they are building a deck.wh, it doesn't show well here. they didn't bother to show what they are blocking. they decided it wasn't legal. i will explain their theory they did not account for the downward sloping line. it is 10 ft. 3. you have to do a notice. you take a look at the height and here it is 37 feet and on the application is 36 feet. you can go out and measure it, higher than 10 feet. the aerial photo will never show and a pop-up. they say there is no drawing showing that this talk about was legal. this is their theory at the plan we were able to find. the only plan i can't find his the original permit. that would has not been bootlegged yen. if you look on the outside of this, if someone's not yet at a master of this would, it is the best job i have ever seen in my life. the simple answer is that this is a window was built with the building. they're building a wall

and there is another ship that is city entrance gate we live in a city of ship builders so it's onlynatural that we put one over the colonies entrance it's beautiful. our ship is called video as you can see a frigate and a cannon here we wanted to create a common collective image there used to be a shipyard in our congo peter the great built wooden ships here. but just here is the blueprint we'll use. we will not be following it to the letter. where the deck will be a bit lower as the body of the ship is going to be rectangular. every ship just like the first ship has a history of a great deal of time and effort has been put into everyone there is no favorite because we love them all. the positive emotions we experience when building a ship or then passed on to the people and there are no negative emotions we experience only positive emotions as everyone is trying to give the best they have won to make everything perfect avoiding any possible mistakes. of course i found myself it is interesting to me. i did not think about crime and that i am not going to go down the criminal path ag

working what i wanted to earn money by working as a builder. and that's when they paid pretty handsome money. it only took just a couple of years to earn enough to buy a car and that was never possible before. we worked in shifts for fifteen days at a time then we were off for another fifteen days so on. the back of the new hardware for the bike mainline was tested on the sports so they could stand up to the rigors of the northern climate there would get them. therefore it would be sent back to the plant to be fixed or upgrade it. in any case it was assumed that all specialists were continually learning to cope with the new equipment. construction work on the buy column all mainline lasted for about a hundred years even incredibly harsh weather conditions could not stop the progress on the line. the final phase began in the nineteen seventies somersaulted returned home after making some money here but then he got married had kids and ultimately gave up the idea of returning. to. the first i had doubts about staying on here. but now i have no re

as more south koreans want to conserve energy, builders are looking at putting extra technologies into home. nhk's anna jong reports. >> i am in the latest version of a smart home on the market since last march. the builder has installed an electric touch pad with a touch of the button, it can control lights, gas and heat. the system also has home security functions. an alarm will sound if it detects an intruder. just like this. the entry way has a magic mirror. when you leave the house -- the mirror says it's going to rain today, please bring an umbrella. you can leave home with the latest forecast and temperature and with the numbers here, you can find your parking spot. because the whole system is connected to the internet. all south korean homebuilders are paying close attention to the latest it technology. at this condominium complex, residents can use their smart phones to link to their home networks. with a smart phone, you can contl light switches and even fill the bathtub with hot water. she has lived here for two years. she says, this gadgets mean she doesn't waste as much el

they need -- then it ain't the building after its builder -- they nicknamed the building after its builder>> it it was full of debris at first. -- >> it was full of debris at first. >> affordable housing is in short supply. it is the product of a growing population coupled with inadequate urban planning. the tower of david is a last resort for many families. >> everyone who moves in here has a good life. we live peacefully here. >> some 2500 people currently reside in what has been dubbed the world's tallest squat. it has administers and kiosks, a barbershop, and even a prayer -- administration kiosks, a barber shop, and even a prayer room. >> i lead a good life here. >> the unfinished building does have some drawbacks. there are no elevators. one step too far could prove to be fatal. >> there aren't any railings, so we always have to keep an eye on the children. we do not let them go out on the balcony's on their own. we are going to put up more fencing soon. >> president hugo chÁvez promised 200,000 new housing units in the last election. now his government is rushing to make good on at

we're buying home builders that make up 15% of the market. and these guys are focusing on the hot markets and as i said in earlier clips, the story really hasn't changed. they're in the hot markets. they're getting pricing. they're raising pricing. there's big demand. mortgages are at the lowest levels that we've ever seen historically. so i think there's a huge upside in the builders. >> josh, your way to play this is the home improvement plays. >> that's correct. and actually, i think they've been working in tandem, even though they are slightly different. so the home build versus been really working because they're building these multifamilies. and now they're getting a little bit of an uptick in single. but the foreclosures that have to be processed and rebuilt and then they have to find tenants and you have to rent them out, every single one of these requires some work. and i think the way we've played that has been with home depot and some of the derivatives. this is not for widows and orphans, but usg is basically the sheetrock for all

, a member of the silicon valley leadership group border directors, and the ceo of webcor builders andy ball. >> thank you [applause] -- thank you. [applause] welcome back to our third session. i hope you enjoy the first two as much as i did. i think we found out how much of a character governor brown can be we are going to talk about silicon valley and the bay area innovation to the economy today. as you look at the panel, talking about the silicon valley, we have the mayor of san francisco. it will come into perspective, that when you have a giant like ibm anchor here in the valley, you are seeing in between companies like google and apple and facebook with incredible growth. in san francisco, mayor lee has welcomed to the fold in twitter, zynga, companies that are into cloud computing, hiring lots of people that not only want to live and work in the valley but recognize san francisco as being part of the valley. we are, indeed, fortunate, from san jose to san francisco, to be part of the innovation economy. we are finally seeing once again california's innovation is leading us out of