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Georgia's PlyMart Fights For Survival

Builder Magazine News - Thu, 02/28/2008 - 23:00
Twenty-four months ago, PlyMart, the pro dealer based in Norcross, Ga.
Categories: Industry News

Mizel Suggests Government Take A Break From Trying To Manipulate Economy

Builder Magazine News - Wed, 02/27/2008 - 23:00
Larry Mizel, chairman and CEO of M.
Categories: Industry News

Wet Areas Go Greener and Leaner

Builder Magazine News - Wed, 02/27/2008 - 23:00
Consumers are keen on green kitchen and bath products, but demand for high-end appliances and many luxury features appears to be waning in the face of less than exuberant market conditions, according to the most recent Home Design Trends survey by the American Institute of Architects.
Categories: Industry News

Kimball Hill To Exit Florida Market

Builder Magazine News - Wed, 02/27/2008 - 23:00
Illinois-based Kimball Hill Homes disclosed yesterday that it would exit the Florida market, its smallest, over the next 10 months.
Categories: Industry News

Centex CEO Kicks Off Wachovia Conference

Builder Magazine News - Wed, 02/27/2008 - 23:00
Centex chairman and CEO Tim Eller outlined the six elements of a market trough this morning to kick off the Wachovia Home Building and Building Products Conference in Las Vegas.
Categories: Industry News

Fed Chairman Paints Bleak Economic Picture

Builder Magazine News - Wed, 02/27/2008 - 23:00
The Federal Reserve now estimates that the country's gross domestic product will expand "sluggishly" over the next two years, according to Fed Chairman Ben Bernanke, who warned members of the Senate Banking Committee this morning that "the risk to this outlook remains on the down side" because the housing market might continue to slide and prices for oil and food might continue to rise.
Categories: Industry News

Toll Brothers Reports $96 Million First-Quarter Loss

Builder Magazine News - Wed, 02/27/2008 - 23:00
Big builder Toll Brothers, which was one of the few public builders to make money in 2007, had a rough start to its fiscal first-quarter, reporting a $96 million net loss.
Categories: Industry News

Housing Rally Has Short Life

Builder Magazine News - Tue, 02/26/2008 - 23:00
The stock market got a slight lift today amid all the bad housing news when the Office of Federal Housing Enterprise Oversight (OFHEO) opted to remove the portfolio loan limits for Fannie Mae and Freddie Mac.
Categories: Industry News

Fed Chairman Signals More Rate Cuts Ahead

Builder Magazine News - Tue, 02/26/2008 - 23:00
In nearly three hours of testimony before the House Financial Services Committee, Federal Reserve Chairman Benjamin Bernanke told Congress that many of the challenges the economy faces stem from the contraction of the U.
Categories: Industry News

New Home Sales Drop in January

Builder Magazine News - Tue, 02/26/2008 - 23:00
The bad news continued for the housing industry as sales of new homes were at a seasonally adjusted annual rate of 588,000 units in January 2008, a 2.
Categories: Industry News

Senate Considers Foreclosure Relief Bill Today

Builder Magazine News - Tue, 02/26/2008 - 23:00
The U.S. Senate could vote on a major bill today aimed at rescuing troubled homeowners from foreclosure.
Categories: Industry News

Housing Slump Thumps Home Improvement Giants

Builder Magazine News - Mon, 02/25/2008 - 23:00
The industry's two largest home improvement retailers, The Home Depot and Lowe's, this morning and yesterday reported far weaker sales and profit for fiscal 2007, which each company attributes primarily to the ongoing downturn on home buyer demand.
Categories: Industry News

Existing-Home Sales Slide in January

Builder Magazine News - Mon, 02/25/2008 - 23:00
The National Association of Realtors reports that existing-home sales slid 0.
Categories: Industry News

Builder Blocks: The Week in Review

Builder Magazine News - Mon, 02/25/2008 - 23:00
Seattle builder bets on area's job growth; Housing starts edge up in january; Kimball Hill prepares a restructuring plan; Builder confidence rises slightly; BUILDER Online catches you up with the news you might have missed.
Categories: Industry News

Treasurys Lower After Home Sales Report

Builder Magazine News - Sun, 02/24/2008 - 23:00
NEW YORK - Treasury prices fell after the latest report on existing home sales met expectations, suggesting to some that the battered housing sector may be obtaining a measure of stability.
Categories: Industry News

Seattle Builder Bets on Area's Job Growth

Builder Magazine News - Thu, 02/21/2008 - 23:00
In the first two weekends of February, Murray Franklyn Family of Communities, which is based in the Seattle suburb of Bellevue, Wash.
Categories: Industry News

Seattle Builder Bets on Area's Job Growth

Builder Magazine News - Thu, 02/21/2008 - 23:00
In the first two weekends of February, Murray Franklyn Family of Communities, which is based in the Seattle suburb of Bellevue, Wash.
Categories: Industry News

Fed Lowers Economic Forecast

Builder Magazine News - Tue, 02/19/2008 - 23:00
WASHINGTON - The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch.
Categories: Industry News

Housing Starts Edge Up in January

Builder Magazine News - Tue, 02/19/2008 - 23:00
For the second day in a row, the housing market received a bit of good news as HUD and the Census Bureau reported that total housing starts in January were at 1,012,000 units, a 0.
Categories: Industry News

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