KB Home reported Tuesday that its third-quarter net income grew more than eightfold as its interest expenses declined while it delivered more homes at higher prices.
September 9, 20119:32 amComments Off on Labor Department probing big US homebuilders
By MARCY GORDON Associated Press WASHINGTON (AP) – The Labor Department is investigating large U.S. homebuilders to see if they failed to pay workers the minimum wage or overtime. A spokesman says the agency is investigating compliance with wage-and-hour laws ...
New York (AP) -- Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired.
Los Angeles (AP) — The homebuilding industry’s main trade association spent $1.1 million in the fourth quarter lobbying Congress, the White House and several government agencies on housing, taxes, health care and other issues, according to a disclosure report. The ...
By Martin Crutsinger AP Economics Writer Washington — Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern the fragile housing rebound is faltering, making ...
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 ...