Toll Brothers says its fiscal fourth-quarter net income soared, helped by a large income tax benefit and a 48 percent rise in revenue. The luxury homebuilder delivered more homes and its order backlog increased.
Waukesha-based Tim O’Brien Homes Inc. is expanding its operations to the west.
BLOOMFIELD HILLS, Mich. (AP) — PulteGroup Inc.’s third quarter loss narrowed on lower charges and a higher tax benefit, and its revenue grew. The homebuilder said Thursday that it was profitable if charges related to the decline in its stock price and other special items were stripped out. The Bloomfield Hills, Mich., company hasn’t posted [...]
By Alan Zibel AP Real Estate Writer Washington (AP) — Homebuilders are losing confidence in the housing market now that government incentives that spurred home sales have ended. The National Association of Home Builders reported Tuesday its housing market index fell to 17 in June, sinking five points after two straight months of increases. It [...]
Published: March 29, 2010
Tags: Chinese drywall, Home Builders Association, homebuilder, Knauf, Louisiana, Louisiana Recovery Authority, Orleans Civil District Court, Southern Homes, U.S. Consumer Products Safety Commission
By Greg LaRose Dolan Media Newswires New Orleans — Slidell homebuilder Chris Kornman says his business is in limbo while one trial against a manufacturer of tainted drywall unfolds in federal court and several others, including one in which his company is a defendant, wait in the wings. “It’s very frustrating for us, and we [...]
BLOOMFIELD HILLS, Mich. (AP) — Pulte Homes, the nation’s largest homebuilder, says founder William J. Pulte will retire from the company, and its board, at the end of March after 60 years in the business. The 77-year-old’s board seat won’t be filled, reducing Pulte Homes Inc.’s board to 11 members. According to the Bloomfield Hills, [...]
By ALEX VEIGA AP Real Estate Writer LOS ANGELES (AP) — KB Home capped its fiscal year with the first quarterly profit since 2007, thanks to a change in federal tax laws, and said it expects to turn a profit this year. KB Home sold 8,341 homes during the 12 months ended in November, and [...]
HORSHAM, Pa., (AP) — Toll Brothers Inc. lost $111.4 million in the fiscal fourth quarter, but the luxury homebuilder is seeing signs of a turnaround in the housing market. The company’s loss of 68 cents a share was largely due to continued write downs on the value of its land holdings and staff reductions. Excluding [...]
Published: September 3, 2009
Tags: Cardinal Glass Industries, Cardinal Solar Technologies, earnings, Freddie Mac, Grand Forks, HNTB Corp., Hoan Bridge, home loans, homebuilder, Hovnanian Enterprises Inc., Mazomanie, Milwaukee, Minn., mortgage rates, N.D, Oshkosh Airport Products Group, Oshkosh Corp., Portage, Southeastern Wisconsin Regional Planning Commission, U.S. Air Force, University of North Dakota, Warren, Wisconsin Department of Transportation
Milwaukee County to consider limiting options for Hoan Bridge Milwaukee County Supervisor Patricia Jursik released a resolution Thursday that would order the state to study renovating the Hoan Bridge before considering replacement. Jursik opposes tearing down the bridge in Milwaukee and replacing it with an at-grade, four-lane boulevard. The Wisconsin Department of Transportation in June [...]
Brendan Farrington AP Writer Jacksonville, FL — When homebuilder Bob Liddell noticed the decline in the housing market more than three years ago, he supplemented his business with home remodeling. But he ran into a different problem — competing with unlicensed contractors. He estimated he lost about $200,000 in business during the last year and [...]