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Home builders' confidence remains low
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Home builders are a little more optimistic about the prospects for home sales over the next six months, but an index reflecting the sector's confidence overall remained at an all-time low, an industry trade association said yesterday.
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Centex to pull out of Colo. VICTIM OF SLUMP The Dallas-based company is the third homebuilder to...
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Dallas-based homebuilder Centex will pull out of Colorado next spring, becoming the third big-name homebuilder to cease operations here. Centex follows Beazer Homes, which in June said it would leave the state in October, and Neumann Homes, which in November filed for Chapter 11 bankruptcy.
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Alta Loma woman awarded $18,000 prize
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For Michelle Gualer, it was almost too good to be true. At the beginning of July, the 42-year-old Alta Loma woman got an e-mail from Los Angeles-based home builder KB Home saying she had won $18,000.
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Caulder Named Senior VP, Reichard COO
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Rodgers Builders, Inc. has named William G. Caulder to the position of senior vice president - Construction Operations. Current projects under Caulder's leadership include Lowe's Corporate Campus - Phase III Expansion (Mooresville, NC), and Wachovia Cultural Campus, which includes the Bechtler Museum of Modern Art, expansion of The Mint Museum of Art, and the 1200-seat Knight Theater.
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National home builder stakes its claim in city
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Holly Williams and Frank McLendon didn't realize they would have to introduce their employer when they first moved here. A few times they even had to explain that they do not work for a doctor by the name of "Horton." In fact, Williams and McLendon work for D.R. Horton. The nation's largest home builder is now the third most active builder - at least so far this year - in Oklahoma City, according to the May report of the Central Oklahoma Home Builders Association.
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Home builders event offers survival strategies
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The nation's housing market is in worse shape than anytime in more than 50 years, Harvard researchers said this week, and things are particularly bleak for most new-home builders. Even the economist for the California Building Industry Association said Wednesday that a statewide home-building recovery is a long way off. So where does that withering forecast leave thousands of home builders and building industry suppliers who depend on growth to survive?
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The Land Dilemma; Grim times leave home builders facing a big question: Is it time to buy or sell..
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With all of the difficulties facing the industry in this business climate, one of the most vexing is what to do about land holdings. In today's environment, land can be more of a liability than an asset for home builders. Tracts of home sites will lie dormant until the housing market revives, which could take several years or more in many locations. Meanwhile, these properties incur finance charges and taxes on builders' balance sheets. To build, builders obviously need land, but extensive...
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Beazer Homes moves on; Slumping market in Fresno sends national home builder packing.
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As median house prices continue to fall and foreclosures rise, Atlanta-based Beazer Homes is pulling out of the central San Joaquin Valley. The home builder recently announced that it will stop building new homes and exit the Fresno market effective Sept. 30.
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4 firms to pay fines in probe by EPA; KB Home is among builders paying a total of $4.3 million for.
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Four major home builders, including Los Angeles-based KB Home, have agreed to pay $4.3 million in fines to resolve alleged violations of the Clean Water Act involving hundreds of construction sites nationwide, the U.S. Justice Department and Environmental Protection Agency said Wednesday. The four separate settlements are the result of a federal investigation into storm-water management and compliance efforts between 2001 and 2004, according to the companies named in the complaints.
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CEO of the Year; By directing his new business through a tough market, Steve Wall of Wall Homes...
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If you've never been through a business start-up, you have no idea of the camaraderie that is formed in the heat of the fire, with the potential for failure lurking at your back. The people around you in such a crucible become like family and the person who pulls that group together takes on all the true and best qualities of a leader. The right people with the right leader can achieve wonderful things, and that is what has happened at Wall Homes under the direction of CEO Steve Wall . The...
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