The New Home Company renewed its bid to go public by filing an S-1 registration statement with the Securities and Exchange Commission. A company manager confirmed that the builder is in the SEC’s mandated quiet period.
Woodside Homes took its “act private, look public” mantra to the next level by closing a bond offering that netted more capital for the Salt Lake City, Utah-based company than did recent IPOs for some home builders.
Don Dykstra, president of Bloomfield Homes (Southlake, Texas), says a recent deal with Sumitomo Forestry provides the builder with confidence to increase leverage.
Builders need to prepare and face a challenge that they haven’t seen in many years—rising material and labor costs and shortages. Passing the costs along by simply raising prices won’t be enough to solve the problem.
This recovery is one in which builders would do well to recognize the trend lines and take a steady course of action rather than stutter steps, which can harm your business.
On the long road back toward sales levels rivaling the best years in the industry, are similar profit levels still available? Where will we find profit?
The Home Building Lending Improvement Act of 2013 would discourage lenders from calling construction loans whose payments are current and establish regulatory guidelines to allow the banking industry to restore lending for viable home building projects.
