In an effort to course-correct, the company is doing an about-face on spec strategy. More
Executives at M.D.C. Holdings are scheduled to release first-quarter results Tuesday before the market opens. Analysts are expecting an average loss of $0.44 per share, which is relatively flat against the company's loss of $0.45 per share a year ago. Topping the company's to-do list during the quarter was further rein in its fixed costs in an effort to better leverage them against volume to the benefit of margins. Analysts would like to see more head count reductions similar to the 100-plus positions that were recently eliminated at Beazer Homes USA. However, for much of the downturn, M.D.C. management has been rather reluctant to keep trimming staff, preferring to run at a significantly higher SG&A level than most peers to keep staff in place for a recovery scenario. More
SDC went from zero to Seattle's No. 3 home builder in a little more than three years. More
Closings were down by a third or more for six of the 13 largest builders. More
Denver-based builder focuses on growing community numbers for spring selling season. More
Now that the home buyer tax credit party is over, home builder CEOs say they're glad it's gone while bracing themselves for a slower 2010 second half. More
Builder reports $127.2 million in earnings for 4Q 2009, which reflects a $142.6 million tax refund. More
The move by the famously land conservative parent company of Richmond American Homes may signal a market bottom. More
Builder posts 18% margins in 2Q, outshining its peers. More
But housing executives speaking at Credit Suisse conference predict downturn will produce opportunities for land and market share gains. More
