Home builders in California are hopeful that a tax credt of up to $10,000 for new-home buyers will turn the market around. Builders in other states are watching closely.
Centex announced Feb. 24 that it will be joining the K. Hovnanian and M/I Homes in adopting poison pill provisions, protecting the company from change-of-ownnership rules that reduce tax write-offs if more than 5% of stock is purchased.
