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Still looking for a New Year's resolution worth keeping? Try cutting costs in 2008.
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Now more than ever, managing cash flow is crucial, as builders seek to survive and thrive during the downturn.
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To say that jobsite theft is rampant in home building would be an understatement. In a recent Builder survey, 90 percent of respondents said they had been victims of theft within the past year. Losses ran from lumber and copper wiring to office supplies and diesel fuel. Of those who reported thefts,...
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A Las Vegas builder now offers Control 4 as standard.
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The continued existence of Kimball Hill Homes, one of the housing industry's largest privately owned builders, as a business entity now hinges on the outcome of its negotiations with lenders over the terms of its debt and finding some way to stop the cash draining from its operations. In its 10-k fi...
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Emaar signs are everywhere in Dubai, the now legendary city/state of only 1,500-square-miles with roughly 1.4 million people (about the size of San Antonio). Huge plasma displays touting Emaar communities greet visitors at airport customs. Blue-and-yellow flags and billboards carry the company's nam...
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For most people, losing one's job can seem like the end of the world. To be discarded after spending years in dedicated service to a company can be extremely demoralizing. And the job market can be a very uninviting place for those in their late 40s or early 50s.
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FLORIDA HOME BUILDERS WHO use concrete—essentially all of them—could be facing a major crisis in the coming months if an appeals court does not overturn a district order shutting down three Miami limestone quarries and ordering an investigation into seven more South Florida mining operations.
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Warrenville, Ill.-based Neumann Homes filed for Chapter 11 bankruptcy in federal court Thursday, 10 days after the company ceased operations and announced it would seek protection from its creditors. According to the filing, the builder has as many as 1,000 creditors and more than $100 million in li...
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Over the next several months, Neumann Homes, which will file for federal bankruptcy protection on Thursday afternoon, expects to wind down its home building operations and start selling off most of its land assets in four states. Ken Neumann, CEO and owner of Neumann Homes, tells BUILDER that his pr...
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The recent departure of Paul Dodge, Centex Homes' vice president of purchasing and distribution since 1998, calls attention to the increasing volatility of supply-chain management among big builders that, in several cases, are scaling back and centralizing that function within their operations. Luis...
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Chuck Shinn offers suggestions on how builders can trim fat from their construction processes.
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As the residential construction recession drags on, some home builders are finding other ways to make money.
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Some things builders seeking court-sanctioned debt relief should know.
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Home building is in the blood of this year’s winning builders, and it shows in their products and companies.
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Though many small builders closed their doors with little fanfare in 2007, public builders were in the national news on a weekly basis for slashing prices, losing money, or blaming the media and mortgage industry for the industry’s fall.
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Dan Ryan started Frederick, Md.–based Dan Ryan Builders in 1990, so the recent downturn in the housing market was his first. During the boom that preceded it, Ryan says his company, like many others, “threw our mission statement to create the best value for buyers out the window and priced [our home...
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In the old days, internet-based leads that came into Bowen Family Homes' Web site would go to Internet director Kelly Kenton Fink, who would parcel them out to the on-site sales agents. Busy with flesh-and-blood prospects standing in front of them, the sales agents often set these leads to the side ...
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This April, The Drees Co. should complete the rollout, to all 13 of its divisions, of a program that allows its trade partners and site superintendents to submit field purchase orders (FPOs), with changes to original POs, through a Web-based portal, payment for which is vouchered automatically witho...
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New Century Financial Corp. filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on Monday. The move also prompted New Century to sell its mortgage billing and collections unit to Carrington Capital Management fo...