Fitch Ratings cut a trio of home builders deeper into junk territory Monday, pointing to a dismal outlook for new housing activity as well as liquidity pressures at the struggling home builders.
Toll Brothers' fiscal third-quarter earnings jumped 54 percent with a boost from a bigger tax benefit, but the home builder saw a double-digit drop in revenue as home deliveries fell.
U.S. Rep. Gary Ackerman, D-N.Y., is planning to introduce "Homestead: Act 2," a bill designed to encourage homeownership by offering potential homeowners incentives to invest in existing homes.
Standard Pacific reported a net loss in the 2011 second quarter of $10.5 million on homebuilding revenues of $204.3 million compared to net income of $10.7 million on homebuilding revenues of $317.2 million in the 2010 second quarter.
D.R. Horton reported net income for its third fiscal quarter ended June 30, 2011, of $28.7 million. Net income for the same quarter of fiscal 2010 was $50.5 million.
Home builders that adopt the total cost model to purchasing and operations are guaranteed to save in the long run. Here’s a road map for getting started
Foreclosure activity last month dropped 9 percent from March 2011 and 34 percent from April 2010, according to RealtyTrac's latest U.S. Foreclosure Market Report. Foreclosure filings, which include default notices, scheduled auctions, and bank repossessi
Home builders must be firing on all cylinders to make money during these trying times, says John Burns, CEO of John Burns Real Estate Consulting. Burns highlights four common strategies firms are employing to maximize revenue.
Professional Builder Editor-in-Chief David Barista discusses several key findings from the publication's annual Housing Giants report. Learn which firms make up home building's "billion dollar club" and what the nation's largest firms identify as their t
