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CEOs of Toll, Meritage argue for housing stimulus.
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Case-Shiller shows 17.5 percent annual home price decline for 10 major metros.
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California bankruptcy court judge gave Woodside Group permission to continue paying its bills and operating the business as normal during reorganization.
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Several large, public production builders took their turns in the limelight Monday, detailing how they're coping with what some are calling the worst home building market in history and how they plan to thrive coming out the other side.
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Swamped in debt, one of the top 10 private builders in the country files Chapter 11.
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A Nevada jury awards damages to only 70 homeowners of the 1,000 that filed suit over homes in a Pulte community.
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Standard Pacific Homes' net new-home orders for July and August were down 30 percent year-over-year.
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Wittenberg: 'It's tough to put your own name on the cut list.'
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Experts see a moderate decline in rates before yearend but note that the fundamentals still point to continuing malaise in the housing market.
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Company says cancellation rate of 19.4% is lowest in nine quarters.
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CEO sees some positive signs in troubled California markets, but says it is too early 'to say a recovery is underway.'
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WCI Communities vice president, treasurer, and interim CFO Ernest J. Scheidemann has resigned.
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Investors buy 27 million of 50 million new stock shares in a transferable rights offering by Standard Pacific.
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Avatar closed on 70 homes during the quarter, a 68.5% decrease from the 222 homes closed during last year's second quarter.
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Selected WeatherBest, ABTCo, and Veranda decking and railings may be deteriorating prematurely.
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Beazer alludes to investigation during earnings call; Centex says it will leave Denver by spring 2009.
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Pierce Homes of Carolina shuts down after 26 years.
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D.R. Horton and William Lyon lose millions, Hovnanian protects tax write-offs, and Pulte helps buyers maximize tax credit.
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With the housing bill officially on the books, Centex looks for ways to use the new tax credit as down-payment assistance.
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With enormous losses posted, WCI stands on shaky ground.
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Richard Dugas defended his company's decision to hold onto its land during its second-quarter earnings call.
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Indianapolis-based Davis Homes officially ceased operations, marking the end of a more than 50-year-old family home building business.
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Stock dropped more than 21 percent in trading Thursday after the company reported a $241.6 million quarterly loss.
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Luxury public builder does not have cash to cover upcoming $125 million debt call.
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With the industry on the rocks, Fitch Ratings’ outlook for 2008 and 2009 foresees more bad news.
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At stake is builders' access to a segment of the first-time and first-time move-up home market of buyers that would otherwise not qualify for conventional mortgage financing.
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Brad Foster of FTI Consulting will serve as interim chief restructuring officer.
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WCI Communities is offering its creditors a sweeter debt deal to back off on their demands to be repaid early.
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Centex Homes plans to make a suite of energy efficiency products standard in its homes.
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A number of senators say they support the net-operating loss carry-back provision.
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British firm is parent company of U.S. home builder Taylor Morrison.
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MatlinPatterson Global Advisors will provide a $530 million cash infusion into the heavily indebted company.
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The billionaire financier filed an SEC report on Friday announcing he is talking with a “special committee” about restructuring the company.
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These markets exhibit strong positive trends in demographics, economic growth, affordability, and inventory.
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KB Home has filed suit against MacFarlane Partners for failing to make payments related to three residential projects in California.
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Ryland Group CEO says the new-home building market could remain fairly well insulated from any significant aftershock.
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Phoenix area judge approved the sale through auction for the home building assets of Trend Homes.
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A merger agreement was approved earlier today that allows a buyout group to acquire the financially troubled home builder.
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He will be be replaced by John R. Boken within the next 30 days.
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The proposal must be approved by shareholders.
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Sales may have continued their slow suffering through 1Q2008, but halfway into the second quarter some positive undercurrents have gained force.
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A new plan devised by a court-appointed receiver team offers home buyers the chance to still get the home of their dreams--or almost.
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The company says the sale reflects its ongoing commitment to expand in Estrella, a development located in the city of Goodyear.
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The Coral Gables, Fla.–based company lost $556,000, or $0.07 cents per share, in the quarter ended March 31, it reported.
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Listening to its new CEO Daniel S. Fulton during an earnings call last week: “We see our tree land as core.” So it should be no surprise that the company is talking about going back to its roots.
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Robert Booth, managing director for Emaar Canada, will succeed Webb as chief executive.
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Executives at Iowa-based Regency Homes effectively shut down home building operations late Friday, April 25, halting construction and laying off more than 100 workers.
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One day after officially filing a petition for Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Illinois, executives of Kimball Hill Homes received court approval for all of the company’s first day motions. Taken together, the approvals allow the company to continue normal...
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Just weeks after Centex announced a bulk land sale of 8,500 lots, the company continues its efforts to move to an “asset-light” model and confirmed its plans to exit the Michigan market by year’s end.
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National builder offers up some positive news during its earnings update.
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Despite having more than $60 million in cash, Kimball Hill Homes filed voluntary Chapter 11 petitions for reorganization yesterday.
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Under the new eSmart program, every Beazer new-home start will include a handful of environmentally conscious home products as standard items.
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Prior to assuming the post of president and CEO, Fulton had been president and CEO of subsidiary Weyeraheuser Real Estate Company.
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The latest news from housing industry blogs around the internet.
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Shareholders adopt board proposal to end staggered terms for directors.
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Centex disclosed late Monday that it sold some 8,500 lots in 11 states, nearly 10% of its land inventory, to a joint venture led by RSF Partners of Dallas.
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Trend Homes received approval for a long-term cash collateral plan designed to support the company’s operations during Chapter 11.