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Economics
1986-1995: Clearing the Fog
A deep-seated financial resource for home builders was uprooted like an oak tree in a Texas twister after the savings and loan industry was torn to shreds. The U.S. languished under the thunderstorm of a rolling recession that ultimately saturated the en
Economics
1996-2006: The Big Boom
The last 10 years were all good years for the American housing industry. The unprecedented national housing market expansion that began in 1993 ended abruptly in the fall of 2005, but that 12-year housing boom made many builders wealthy. It also made a l
features
Rough Ride for Home Builders
For several months, Professional Builder has monitored the forecasts and fears of economists and builders to get a handle on the recent dip in demand for new homes. Is the worst over? Is the worst yet to come? The consensus: It depends.
Financials
PATH Report: Top Building Technologies of 2006
For builders who have adopted new building science technologies, the market is looking bright. In the past year, the Partnership for Advancing Technology in Housing (PATH) has met many builders who have increased their business by using factory-built sys
Management
Process for Selling Homes
Ever heard the adage, "If you wrestle with a pig, you'll only end up getting muddy. And that's something the pig likes." It relates to home building: if you wrestle with your customer, you're going to end up getting muddy, and your customers won't mind a
Housing Giants
Private Beats Public
Gen. William Lyon, the 83-year-old patriarch of the California housing industry, talks about the differences between having a public and private company and explains why he decided to bring William Lyon Homes back into the private realm.
features
Which Way Out?
Boomer builders who may be planning a retirement by selling their home building businesses currently face a market that's sabotaging the value of their building companies. Here are five steps they can take to position themselves when the market
Management
Shea Homes: Lasting Legacy
Professional Builder has chosen Shea Homes as the Builder of the Year for 2007. Once you walk through Shea's doors, you feel like you're home with friends. A large, private company, Shea builds more than 6,000 homes a year in eight divisions
Management
Process Improvement Leads to Satisfied Customers
Excellent performance is the result of an excellent process. Take a look at great sports teams. They are hailed for executing the basics at levels higher than the competition, and the best teams always seek ways to get better. They also have leaders who
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