News

Business News

• Former Beazer Accounting Chief Indicted

  Michael T. Rand is in jail awaiting a hearing on 11 counts of federal charges.

   

• Home Building 360: Trade Contractors Shrink, Diversify to Survive

  Subs find they must lay off workers and take up other trades to make ends meet.

   

• Family construction business was always part of Doug McMonigle's plan

  Aug. 23--Pictures of completed construction projects line the conference room at McMonigle's Residential & Commercial Construction Co. in Hephzibah.

   

• Longtime Builder Perseveres Despite Losing Most of Its Assets

  Pennsylvania’s DeLuca Homes expects to be building between 100 and 150 homes annually again by 2012.

   

• Standard Pacific Options San Diego Land

  Harmony Grove Village is entitled for 750 homes and planned as an equestrian-oriented community.

   

• New Jersey builder's dream turns into a house of cards

  In fall 2008, a Saddle River chateau -- on the market for almost $8 million -- was chosen to host a designer showcase fund-raiser, where visitors pay to peek at a glamorous lifestyle.

   

• Home Building 360: Interior Designers Look to Consumers and Beyond For Business

  Shrunken builders no longer can afford to hire assistance in model home merchandising, space planning, or designing and outfitting clubhouses and sales centers.

   

• Experts Debate Government’s Future Role in Housing Finance

  Treasury Secretary Geithner calls for a new paradigm for mortgage guarantees.

   

• Home Building 360: Dealing With The Downturn

  How industries dependent on housing are adjusting business models in the post-boom world.

   

• Orleans Files For Reorganization

  Plan will need the approval of the builder's creditors as well as the presiding judge in the bankruptcy case.

   

• Home Building 360: For Architects, Downturn is All About Survival

  Architecture firms have laid off workers, closed offices, and filed for bankruptcy protection as their builder clients have cut back or failed.

   

• 50 Ways for Home Builders to Waste Money

  A primer on what not to do in the current economy.

   

• Webinars for Builders

  The NAHB provides programs and meetings that members can "attend" without the expense and investment of time required by travel.

   

• Multifamily Market Shifts

  There have been many changes in the building industry that will affect the future of multifamily starts.

   

• Tax Credit Hangover

  Now that the home buyer tax credit party is over, home builder CEOs say they're glad it's gone while bracing themselves for a slower 2010 second half.

   

• Public Builder Earnings Roundup

  Financial news from Beazer, PulteGroup, Taylor Morrison, D.R. Horton, Ryland, Standard Pacific, MDC, M/I, Meritage, and Brookfield.

   

• Pacific Lifestyle Homes Emerges From Bankruptcy

  Vancouver-based builder worked with lenders, manufacturers, and suppliers to survive nearly two years in Chapter 11.

   

• Former Pulte Execs Launch New Building Company

  Meritus Homes kicks off with significant land holdings, made possible by a private equity partnership.

   

• NAHB Report: Home Builders Turning to Remodeling, Land Development in Downturn

  Nearly three-quarters of NAHB members built 10 or fewer single-family homes in 2009.

   

• David Weekley Homes Sends Report Cards to Suppliers

  Houston-based builder has been grading trade partners for past seven years on their work quality and service.