Toll Brothers' Revenue Drops 21 Percent
The luxery home builder warns that sales could continue to slow until the market stabilizes.
Comestock Homebuilding CEO Asks Company to "Do Morewith Less"
New home orders fall 29 percent for the quarter as the Reston, Virginia-based home builder reports $4.7 million loss.
Losses Add to Beazer Homes' Woes
Beazer Homes USA is reporting a fiscal 3rd quarter net loss of $123 million on $761 million in revenue. During the same period in 2006, the Atlanta-based company had a net income of $102.6 million on $1.2 billion in revenue. Speaking at a company teleconference on Thursday, CEO Ian J. McCarthy described the past few months as "an extremely challenging period."
Standard Pacific Corp. Weighs in with 2Q Losses
Standard Pacific Corp. is reporting a $165.9 million loss for the second quarter ending June 30. Home building revenue for the California-based company plunged to $694.8 million from $1 billion a year ago.
Meritage Reports $57 Million 2Q Loss
Meritage Homes Corp. is reporting a net loss of $57 million after real estate and goodwill-related impairments reduced net earnings by $70 million after tax for the second quarter ending June 30
Ryland Sees No Market Improvement
Though The Ryland Group posted numbers that were not off as much as other national powerhouse builders, CEO Chad Dreier repeatedly warns analysts, "not to read too much into that."
M.D.C. Takes $106.1 Million 2Q Loss
M.D.C. Holdings, Inc., parent of Richmond American Homes, reported a second quarter net loss of $106.1 million, or $2.32 per share. Total revenue for the second quarter of 2007 was $716.7 million, compared with revenue of $1.23 billion for the same period in 2006, a revenue loss of 41.7 percent.
D.R. Horton CEO Tells It Straight
D.R. Horton CEO Donald Tomnitz continued his straight shooting with the financial community today when he told analysts and reporters during an earnings briefing this morning that a housing recovery was a long way off.
Pulte Homes CEO: "Another Challenging Operating Period"
Company attributes $803 million home building losses to subprime mortgage woes, weak consumer demand, and an overstocked market.
Centex Reacts to First Quarter Home Building Revenues
Dallas-based home builder discusses their $172 million operating loss in home building.
NVR Reports Drop in Earnings
Virginia-based home builder reports 52 percent decrease in net income.
Learn more about markets featured in this article: Atlanta, GA.