Land Deal Could Give Lennar an Edge (BUILDER Online) But some are skeptical that its $525 million joint venture with Morgan Stanley will set the tone for transactions by other builders.
Pulte Homes to Exit Kansas City (BUILDER Online) Big builder will begin to pull out before the end of the year.
Home Foreclosures Hit New Record (Associated Press/MSNBC.com) Home foreclosures shot up to an all-time high in the third quarter, fresh evidence of the problems afflicting distressed homeowners amid the housing meltdown.
Clinton Blames Wall Street for Subprime Mess (Reuters/MSNBC.com) Democratic presidential candidate Hillary Clinton on Wednesday said Wall Street was partly to blame for the subprime mortgage mess and urged the investment community to support her proposals aimed at preventing home loan foreclosures.
30-Year Mortgage Rates Fall Below 6 Percent (The Street.com) Mortgage rates fell to their lowest levels in more than two years as financial markets took it on faith that the Federal Reserve will cut short-term rates next week, according to a survey by Freddie Mac.
Wall Street Firms Subpoenaed in Subprime Inquiry (The New York Times) Attorney General Andrew M. Cuomo of New York has subpoenaed major Wall Street firms including Merrill Lynch, Morgan Stanley, and Deutsche Bank, seeking information about the business of packaging and selling subprime mortgages, according to people briefed on the subpoenas.
Florida Builders Appeal Inclusionary Zoning Ruling (BUILDER Online) Trade group seeks to reverse Tallahassee's mandatory affordable housing program.
Standard Pacific Prepares for Another "Challenging" Year (BUILDER Online) CFO Andrew Parnes tells investors at Banc of America conference that his company would continue liquidating land in '08.
WCI Hopeful It Can Weather Downturn (BUILDER Online) Big builder says staff and operations cuts, revamped products offerings, and matching supply with demand will keep company on track in 2008.
Paulson Provides More Details on Subprime Plan (BUILDER Online) As Paulson reveals blueprint to the White House's subprime relief plan, Hillary Clinton calls for a foreclosure moratorium.
Holiday Builders Planning to Make a Big Slash in Mississippi (BUILDER Online) Florida-based builder will soon start selling homes in Biloxi-area neighborhood adjacent to long-delayed master planned community.
Saving Water Sells Houses (BUILDER Online) Builders embrace water-saving certification programs.
Blog: The Squeeze Is On (BUILDER Online) Agree or disagree with the thoughts of BUILDER Editorial Director Boyce Thompson.
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Take the BUILDER Poll (BUILDER Online) What is the average square footage of the homes you build now?
From the Pages of BUILDER: One Door Closes, Another Opens (BUILDER Online) Former home building managers, casualties of their companies' budget cutting and downsizing, take stock of their careers and lives, and start over. Check out more from the current issue of BUILDER.
Robb Crocker is the senior editor for BUILDER Online. Please e-mail any comments, questions, suggestions, and news tips to rcrocker@hanleywood.com.