Wayfinding

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T.W. Lewis President Egan Steps Down

Even as pockets of the Phoenix residential real estate market--particularly for finished home lots at dramatically repriced levels--continue to show the first faint signs of a pulse, home builder operators are hunkered down for a tough go of it for the foreseeable future in an embattled economy and a glutted supply of homes for sale. Especially, private home builders. More

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Horton's Tomnitz Promises 2010 Profit

D.R. Horton logged the first year-over-year quarterly sales increase since March 2006 in its fourth quarter, and that, along with a few other signs, stirred CEO Donald Tomnitz to predict that the worst is over. In 2010, Horton will be profitable again and close more homes than it did in its 2009 fiscal year, Tomnitz told investors during its quarter and year-end conference call Friday. More

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Despite Loss, Hovnanian Remains Optimistic

Hovnanian Enterprises lost $168 million in its third quarter, and its revenue was down by nearly half from last year, but in the communities where it is still trying to sell homes, people are buying. During a conference call with analysts, CEO Ara Hovnanian said, "Several signs of a housing industry bottom have become apparent." In an effort to capitalize on that, the company has started an advertising campaign called "Pounce Before the Bounce" designed to create urgency to buy before prices begin creeping back up. More

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Case-Shiller Indices Show Signs of Stabilization

Home prices in April showed signs that the housing market, though still down year-over-year, could be improving. The S&P/Case-Shiller Home Price Indices for April showed home-price declines of 18% for the 10-City Index and 18.1% for the 20-City Composite on a year-over-year basis. However, compared to March, nine of the 20 markets were flat or up, and the pace of decline slowed in all other markets except Charlotte and Cleveland. More

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Taylor Wimpey Sees Signs of Stabilization

A substantial jump in orders, lower cancellations, and restructured debt has Taylor Wimpey, the U.K.-based holding company for Taylor Morrison in the United States, cautiously optimistic that a market turnaround is on its way, if not already here, and confident it will be positioned to profit from it. More

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Economists at NAHB Confab See Positive Signs

The consensus among economists at the NAHB's Spring Construction Conference was that the nation is at, or very close to, the bottom of the "Great Recession," as some were calling it. Many of the economists said they see an upward move by the second half of 2009 but noted it will be a long recovery. A key indicator all of the speakers are watching is housing starts, which Mark Zandi of Moody's Economy.com said hit bottom in the first quarter of 2009. More

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Economy Shows Signs of Recession

Commerce Department estimates that GDP fell 0.3% in the third quarter. More

Editor's Notes: Try Small Ball
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Editor's Notes: Try Small Ball

Money got too cheap; collective amnesia set in. Too many of us forgot that time is... More

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Hopeful Signs in Standard Pacific Report

Early report of sales figures offers a glimpse of what might be the beginnings of a market bottom. More

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Blaming the Messenger

By William Gloede– As news swept across America this week that new home sales in January fell a breathtaking 16.6%, newsrooms at newspapers and TV stations swung into action. Pictures were taken of "For Sale" signs, local Realtors were booked for segments on strategies for buyers and sellers and economic analysts were quoted on how the miasma in the housing sector was threatening to envelop the whole U.S. economy. (BB News) More

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