News

Business News

• The Builder 100: A Deep Dive

  A revealing look into the Builder 100 results, including an analysis of historical trends.

   

• Beazer Files 1st and 2nd Quarter Financials

  Late filing shows Atlanta builder recorded a $138 million loss in Q1 and $230 million in Q2.

   

• Builders Feel Glum

  Traffic, sales expectations down in May.

   

• FBI: Mortgage Fraud “Escalating Problem”

  Agency says reports about suspicious transactions jumped 31 percent last year; slumping housing market is perfect for many scams.

   

• Freddie Mac Dramatically Shrinks Losses

  Mortgage firm loses $151 million in 1Q, compared to $2.5 billion in 2007’s final quarter.

   

• Toll: Buyers on Sidelines

  Revenue down by 30 percent at luxury builder, where closings also slid 28 percent, according to preliminary 2Q results.

   

• Huge Turnkey Contractor Restructured by Parent Company

  Building Materials Holding Corp. will fold SelectBuild subsidiary into its retail operations.

   

• Beazer Restates Earnings

  Amended financials show a $27.6 million gain for public builder for fiscal years 2003 to 2006. But the restatement couldn’t offset the company’s $411 million loss in fiscal 2007.

   

• Orleans Closes Quarter with $55.7M Loss

  Pennsylvania-based company reports $55.7 million net loss.

   

• Standard Pacific Awaits Waiver Extension

  Struggling public builder loses $216.4 million in Q1.

   

• California to Homeowners: You Must Help Prevent Wildfires

  California Gov. Arnold Schwarzenegger last week called for homeowners to aid the state in preventing wildfires by following landscaping laws designed to keep such fires from spreading.

   

• Flood Rules in Flux, Part II

  Updates on Zones A, V, and Coastal A

   

• Flood Rules in Flux, Part I

  Builders and developers grapple with rising tide of regulations.

   

• House Passes Housing Rescue Bill

  The House's rescue package includes a $7,500 first-time home buyer tax credit and allows the FHA to insure $300 billion worth of refinanced home loans.

   

• Pulte: Time to Toot Our Horn?

  Pulte says it's pleased to be recognized as tops in green home performance by the recent Calvert report, but wonders whether it needs to be more vocal about its green building efforts.

   

• Practice Makes Perfect

  A professor tells Builder 100 CEOs that great leadership requires perspiration and inspiration.

   

• Avatar Reports First Quarter Loss

  The Coral Gables, Fla.–based company lost $556,000, or $0.07 cents per share, in the quarter ended March 31, it reported.

   

• Cultivating Your Brand Image

  Former Jet Blue executive tells builders how a brand image starts with customer service.

   

• Builder CEOs Sound Off On Industry

  Not a rosy outlook, say home building execs at BUILDER 100 Conference.

   

• Pending Home Sales Slip Again

  Home loan availability a factor, according to real estate agents and buyers.