From: BUILDER January 2005
Posted on: January 10, 2005

New Lease

By:: Steve Zurier

Builders looking to spur buying among first-time new-home buyers may want to try the Owner Lease Program from Move-Up America. The program lets homeowners with an existing home purchase a new home from a participating builder while keeping their existing home as a rental. Under the terms of the program, Move-Up America pays the home buyer up to 3 percent of the existing home's estimated value. The 3 percent reimbursement covers leasing commissions, property management fees, and unpaid monthly payments. The Owner Lease Program is available in Georgia, North Carolina, South Carolina, and Texas.

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John McManus

Standard Pacific Strides Into the Black in Q1

Builder Pulse

John McManus is an award-winning editorial director for the Residential Construction Group at Hanley Wood in Washington, D.C. In addition to the BUILDER digital, print, and in-person editorial and programming portfolio, the group includes strategic content direction for AFFORDABLE HOUSING FINANCE, APARTMENT FINANCE TODAY, CUSTOM HOME, EcoHome, MULTIFAMILY EXECUTIVE, and residential architect.

Standard Pacific released first-quarter earnings post market close last night that beat Wall Street analysts' posted predictions. After a near brush with death in 2008, and life-support from MatlinPatterson's real estate funds, Standard Pacific's strategic, operational, and tactical planning and execution are playing well in what continues to be an adverse market environment in most of its competitive arenas.