News

Recovery Watch

• NVR’s Ryan Homes Plans Aggressive Push Into Indianapolis Market

  Public builder picks up lots from now-defunct C.P. Morgan and is marketing homes in 10 neighborhoods.

• Housing Rebound Continues With August Numbers

  Single-family construction moves upward 4.5% while pending home-sale index also rises 6.4%.

• Illinois Builder and Remodeler Form Marriage of Convenience

  A showroom in downtown Naperville will be focal feature of merger between Charleston Development Group and Casa Bella Design Kitchen and Bath Remodelers.

• Metro Detroit Struggles To Get Off The Mat

  Some builders say the seemingly moribund market just keeps fighting back.

• Economic Insight: Prepare for Sharp Increase in Home Starts

  Builders will soon need to replace inventory, even if demand for homes remains relatively stable.

• Illinois-Based Kirk Homes Loses Battle to Survive Bankruptcy

  A Chicago judge rejects the builder’s reorganization plan, which its largest lender opposed.

• Houston Remains Accommodating To Builders And Buyers

  Metropolitan Texas city's unbridled, if problematic, expansion continues to present opportunities for construction and sales.

• Lennar Predicts a Return to Profitability in 2010

  CEO Stuart Miller says he sees indicators that housing market is improving.

• New Builder Starts Up With Notable Ownership Pedigree

  TOUSA’s former chief Tony Mon partners with two South Carolina-based developers and two Beazer execs to launch Citizens Homes.

• Another Builder Could Escape Bankruptcy Soon

  Last-minute changes to Kirk Homes’ reorganization plan meet lenders’ demands about getting repaid.