Georgia's PlyMart Fights For Survival
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
Larry Mizel, chairman and CEO of M.
Categories: Industry News
Wet Areas Go Greener and Leaner
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
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
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
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
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
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
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
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
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
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
The National Association of Realtors reports that existing-home sales slid 0.
Categories: Industry News
Builder Blocks: The Week in Review
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
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
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
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
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
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
