Robert H. Schottenstein

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M/I Leaves West Palm Beach Market

M/I Homes ended 2007 by announcing it was leaving the West Palm Beach, Fla., market and had sold off 3,700 lots worth $82 million. "The decision to exit the West Palm Beach market was a difficult one in light of the fact that we have been operating there since 1985," said Robert H. Schottenstein, M/I's CEO and president. Read more

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M/I Finds Most, But Not All, Markets "Challenged"

During Tuesday night's investor conference call, M/I Homes CEO Robert H. Schottenstein stated that the housing sector's "challenging conditions" are caused by a number of factors including a difficult mortgage market, discounting by home builders, a lack of job growth (especially in the Midwest), high cancellation rates, and negative media coverage. Read more

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M/I Homes Posts a $21.7 Million Third-Quarter Net Loss

With pretax charges totaling $33.4 million, M/I Homes is reporting a net third-quarter (ending Sept. 30) loss of $21.7 million. According to the company, the charges include land impairment and abandonment charges, joint venture investment write-offs, and severance costs. During the third quarter as builders continued to face high inventories and a shrinking buyer's pool, M/I Homes was no exception. And August's mortgage meltdown only added to industry woes. Echoing a number of company executives, M/I Homes CEO Robert H. Schottenstein describes the housing sector's current environment as "challenging." Read more

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M/I Homes Goes on the Defensive

M/I Homes announced a net loss of $42.6 million for the second quarter (ending June 30). The public builder joins a long list of companies that have reported quarterly losses. "As I mentioned earlier this month in our units release, we continue to face challenging conditions in most of our markets," says Robert H. Schottenstein, CEO. Read more

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M/I Schottenstein Homes Reports Record Results

M/I Schottenstein Homes Inc. reports record financial results for the fourth quarter and year ended December 31, 2001. Read more

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