Spanish Ceramic Tile Show Kicks Off
Hardcore ceramic industry folks have gathered in Spain this week as one of the world's most important tile shows, Cevisama, kicks off in Valencia.
Categories: Industry News
Toll Brothers' First-Quarter Revenues Off 22 Percent
Toll Brothers CEO Bob Toll told analysts today that the company doesn't see many signs that the market is improving, but is hopeful that recent Fed interest rates cuts and the Fed's determination to slow the downturn and solve the credit crisis along with the economic stimulus package should help housing recover.
Categories: Industry News
Standard Pacific Records $767M Year-End Loss
Standard Pacific Homes, one of the industry's more financially fragile major builders, ended 2007 on a mixed note.
Categories: Industry News
Lenders Tighten Standards for Real Estate Loans
WASHINGTON -- U.S. banks are toughening standards for home mortgages and commercial real estate development loans, seeing more sluggish demand and predicting further delinquencies, according to a Federal Reserve survey released Monday that added to concerns about the faltering economy.
Categories: Industry News
The New American Home 2008
With authentic detailing and conveniences to suit the modern boomer, this stately Gulf Coast plantation home brings a fresh look to Orlando's luxury market.
Categories: Design & Architecture
Back To The Future
Passive thermodynamics have heated and cooled homes for thousands of years.
Categories: Design & Architecture
Good Neighbors
It's concerns like these that often provide the rationale for teardowns, be they about structural decay, rampant mold, energy inefficiency, or the prohibitive cost of bringing an old house up to code.
Categories: Design & Architecture
Housing Downturn Nearing Bottom?
Placing the blame for the housing recession squarely at the feet of the mortgage market meltdown, NAHB CEO Jerry Howard and chief economist David Seiders warned of another bleak year for housing in 2008, during the NAHB's year-end Housing Forecast call on Thursday.
Categories: Industry News, Statistics
Land Prices Hit Five-Year Low in Southern California
Prices for finished lots in the Antelope Valley and Inland Empire areas of southern California are now significantly below what developers and owners were asking two years ago, and in some markets prices have fallen to levels not seen since 2002, according to a report released this week.
Categories: Industry News, Statistics
Hovnanian Reports $638 Million Loss for 2007
The past 24 hours haven't been kind to Hovnanian Enterprises.
Categories: Industry News, Statistics
Foreclosure Activity Down 10 Percent in November
In what has been a tumultuous year for foreclosures nationwide, there finally is some good news-even if it ends up being short-lived.
Categories: Industry News, Statistics
Housing Starts, Permits Slide
Housing starts dropped in November, and permits for future construction slid to a 14-year low, according to a report released Tuesday by the Department of Commerce and the Department of Housing and Urban Development (HUD).
Categories: Industry News, Statistics
Fed Proposes Tougher Lending Rules
Government continues to react to the turmoil in the mortgage market.
Categories: Industry News, Statistics
Builder Sentiment Holds Steady
Noting that mortgage issues and excess inventory continue to impact home builders, the NAHB today announced that its Housing Market Index held steady in December, at a record-low of 19.
Categories: Industry News, Statistics
Gov. Schwarzenegger Set to Declare Fiscal Emergency
With California facing a budget deficit of up to $14 billion, a shortfall caused largely by the subprime mortgage meltdown and subsequent housing slump, home builders in the state want to help the legislature get the housing industry moving again.
Categories: Industry News, Statistics
NAHB and AARP Honor Builders for Universal Design
Two builders, two developers, and a remodeler received the first Livable Communities Awards, presented by the National Association of Home Builders and AARP.
Categories: Design & Architecture
NAHB: Fannie Mae Piling On Fees
The NAHB's top executive blasted mortgage lender Fannie Mae for the government-sponsored group's plan to impose a 25-basis-point surcharge on all new mortgages that it backs or purchases after March 1, 2008.
Categories: Industry News, Statistics
Mortgage Hotline Rings Off the Hook
Last week, the Bush administration unveiled initiatives designed to battle the worsening mortgage crisis, including a voluntary interest rate freeze for subprime mortgages.
Categories: Industry News, Statistics
