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Mr. Weiner, a 53-year veteran of the housing industry, was a hands-on executive who remained active in his business, Leon N. Weiner & Associates, Inc., of Wilmington, until becoming ill in late October.He was inducted into the National Association of Home Builders Housing Hall of Fame in 1979."Leon...
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With closings of 3,200 units this year, Morrison Homes can't be counted in the ranks of mega builders. And when it comes to product purchasing, its size has not been a huge asset, acknowledges Morrison's head of purchasing and construction, Greg LorenzettiIncrease your purchasing power," Morrison...
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Manufacturers, builders, and supply chain analysts say production home building is on a direct course for buying materials, delivery, installation, and warranty services in separate pieces."The answer is unbundling, which he says takes the "smoke and mirrors out of what a supply chain does for a...
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When Meadowmont, a 1,200-unit master planned community in Chapel Hill, N.C., donated land for an elementary school four years ago, the community's children were supposed to be guaranteed access. Although no one interviewed for this article has opened his or her site to advertising, they've all left...
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Finding good executives, particularly division presidents, has turned the business into a poach fest. Even the current economic downturn provides no protection against employee pilfering.
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One of Tom Miller's precepts at Drees Company is that it never hurts to ask. And so he did. In early spring, he put to the city of Erlanger, Ky., a proposal. He suggested that two of home building's frequent adversaries embark on a joint effort to develop a park and open space system.A dual...
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Paul Robertson, the CEO and president of Robertson Brothers Co., realized that a new business form offered his family-owned company a better way to structure its projects as well as manage outside and inside investors.The Bloomfield Hills-based firm was founded by Robertson's father and uncle in...
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For years, the landowners of a California tract of land known as Northern Territories have watched Sacramento County grow around them. "There was a lot of discussion around where that line ought to go," says Robert Sherry, a principal planner for Sacramento County.
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Even though the market overall is heading downward, analysts continue to tout the stocks of the home builders. Why?
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At Murphy Farms, a master planned community in the Dallas suburbs, the upstairs master bedroom has become a thing of the past. "[These buyers] don't necessarily want to be segmented or categorized in how they live," says Jeff Kingsbury, vice president of sales and marketing at McStain Neighborhoods...
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Successful home building is much more than just closing large numbers of units, yet volume remains a distraction in the industry.
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In the process of acquiring substantially all The Jones Company's home building operations in St. Louis and Indianapolis, Centex Homes will add approximately 800 units to its annual tally. Combining that with Centex Homes' financial strength, training and development resources, and national buying...
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A bill, recently passed by Calif. Gov. Gray Davis, mandates state-wide water-efficiency standards on all residential washing machines. Passage of the bill, AB1561, makes California the first state to adopt water-efficiency standards for residential clothes washers and is scheduled to take affect...
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The reverse mortgage industry, which had a robust year in 2001, is poised for record volume again this year. The most common type -- FHA Home Equity Conversion Mortgages (HECM) -- are on track to increase 64 percent in fiscal year 2002 over the previous fiscal year.
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The goal of creating abundant, clean energy came closer to fruition as several companies collaborated in the debut of a fuel cell used to power a $1.7M mansion at the Parade of Homes in Denver.
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The Home Depot has been busy creating a space to sell lawn and garden products. Upon completion of the deal, The Depot will be among the largest turnkey suppliers of flooring to the residential construction market.
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By Jill Ralph. The results of J.D. Power and Associates' 6th annual home building survey are in. Among the findings: the top scores are higher than they were in 2001 in all but one market. Below is a listing of the top scoring builders in the 16 markets surveyed:[INSERT LIST]Published in BIG...
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With its latest East Coast acquisition, KB Home has made its way into a third Florida market.
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The Arizona-based company pushed its strategic growth plan forward a notch with its purchase last month of Perma-Bilt Homes. Before this deal, Meritage had a presence in three of the seven largest home building markets: Dallas, Phoenix, and Houston; this acquisition adds Las Vegas to the...
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Industry observers are fond of saying that the biggest builders wield unprecedented clout when it comes to buying products. That seems to make sense when you look at the enormous volume concentrated at the top.