Builders had to deal with new appraisal rules, limited lending, Chinese drywall, and more. More
Virginia-based public builder has quietly started building homes in the Orlando market. More
With $1.6 billion of debt securities outstanding, Technical Olympic USA announced Wednesday in a Securities and Exchange Commission filing that the Hollywood, Fla., public builder has retained financial advisory and asset management firm Lazard Fréres & Co. More
Acknowledging "moderate" economic growth during the first half of 2007 and tightening credit conditions that could further intensify the ongoing housing correction, the Federal Open Market Committee Tuesday slashed the federal funds target rate to 4.75 percent. Home builder stocks jumped on the news of the rate cut, with D.R. Horton, Lennar Corp., Centex Corp., Pulte Homes, and Toll Brothers all posting gains Tuesday afternoon. The biggest gainer on Tuesday was Hovnanian Enterprises, which saw gains of 15 percent. More
Technical Olympic USA Inc. (TOUSA) is reporting a net loss of $132 million in the second quarter, joining a plethora of public home builders reporting quarterly losses. "We all know that the housing industry is in a downturn," CEO Antonio B. Mon said Thursday during a company teleconference addressing the second quarter earnings of TOUSA. "We are struggling as an industry to pinpoint where the bottom is and when the recovery will take place." More
Investors are always sniffing around the housing market for possible buyout deals. But some builders might now be more receptive to the right offer from private equity firms that have been on a buying spree of late. More
Not too long ago, First American Title, one of the industry's largest title... More
- GiveMePower Corp. ships PowerCAD Classic 6, which allows builders to view and email Auto-CAD drawing on a handheld. - Technical Olympic USA (TOUSA) becomes second big builder to sign on with Builder1440 for the company's Web-based customer relationship management software. More
