THE SUPPLY OF EXISTING HOMES FOR sale in Orange County, Calif., jumped to 7.5 months in July, up from just 1.2 months a year earlier. That one of the hottest housing markets in the country experienced such a striking turn caught industry watchers' attention. Could this be the start of the long-predicted slowdown? More
The single-family housing market has performed quite well during the massive contraction in the stock market that began in the spring of 2000. More
By Iris Richmond. When shares of WCI began trading on the New York Stock Exchange on March 12, it marked the first builder entrance into the public marketplace in six years.The initial offering of 6.9 million shares of common stock, priced at $19 per share, represented about 16 percent of its total shares outstanding. It builds in 35 communities located in Florida's coastal markets. More
By BUILDER Magazine Staff. Though the recent termination of 50 of its 185 jobs at home building-related dot-com Buildscape was termed by management to be routine, Internet industry observers said the company is another victim of the ongoing dot-com financial squeeze. Officials at Buildscape, a supply chain solution, did not return phone calls for comment.Internet startups were hard hit by the spring 2000 crash of publicly traded high-tech stock companies. More
