News

Business News

• Tax Gain Pushes Hovnanian Enterprises Into Positive Territory

  Deliveries fall 10% year-over-year to 1,091 homes in 1Q 2010.

   

• Orleans Homebuilders Files Bankruptcy

  Despite sharp reductions in debt, land holdings, and headcount over the past three years, the builder ran out of time and cash before it could find a buyer.

   
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  On the Mend: The 20 Healthiest Housing Markets for 2010

  Which housing markets are the best bets to recover first? We present our annual list of the 20 healthiest housing markets in the country.

   

• Toll Reports Quarterly Loss

  But sales are up and CEO Bob Toll sees a stabilizing market.

   

• A "Stabilized" Comstock Sees Light at the End of the Tunnel

  After successive debt-reduction maneuvers, this Virginia builder is ready to restart its construction activities.

   

• Recovery loans dissatisfy small-business owners, lenders, even a federal official

  Feb. 23--When Jimmie Hughes first heard about a new government-backed loan to help struggling small businesses make debt payments, he wanted to be first in line.

   

• Earnings Season at Lumber and Building Materials Companies

  Financials from American Woodmark, Builders FirstSource, BlueLinx, Owens Corning, Louisiana Pacific, 84 Lumber, and Weyerhaeuser’s wood products division.

   
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  10 Ways to Improve Your Performance During the Spring Selling Season

  The all-important spring selling season becomes even more significant this year with a slow housing market and temporary home buyer tax credits. Here are 10 tips to improve your chances of having a successful campaign.

   
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  New NAHB Chairman Takes Over

  The National Association of Home Builders goals remain the same, to do everything possible to meet its members' needs.

   

• Cost Components of a House

  The numerous variables that affect the price of a new house has changed due to the effects of the downturn.

   

• Pulte Homes Founder Announces Retirement

  After building more than 500,000 homes in his 60 years as a builder, Bill Pulte decides the time is right to retire from the country's largest home building company.

   

• Lennar Diversifies Into Distressed Assets

  Miami-based builder's subsidiary partners with the federal government to manage and monetize distressed loan assets.

   

• Builders Cash in on Tax Refunds

  Extension of net operating loss carry-back provision to five years are returning millions of dollars to public builders, some of which are using the money to buy land at bargain prices.

   

• Pulte Nears Profitability

  Big writedowns and merger costs, combined with an $800 million tax refund, bring the Michigan-based builder close to breaking even.

   

• Cash-Rich M.D.C. Holdings Buys Land

  Builder reports $127.2 million in earnings for 4Q 2009, which reflects a $142.6 million tax refund.

   

• Nevada Home Builder Succeeds by Delivering on Promises

  Feb. 7--Las Vegas homebuilder Wayne Laska isn't going into hibernation.

   

• Tax Refund Brings Profitability to Beazer

  Atlanta-based builder reports improved orders for 2010's first quarter.

   

• Standard Pacific Homes Posts a Profit

  California-based builder manages to earn 31 cents per share in 4Q, thanks to tax refund.

   

• Spring Selling Season Brings Optimism From M/I Homes CEO

  Higher January sales orders could suggest a busy spring selling season.

   

• D.R. Horton Reports Unexpected Earnings

  CEO Tomnitz sets goal for four profitable quarters fin 2010.