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Latest News | Top Stories |
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Falling new home sales bode ill for home builders
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AP
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Fri 6:16 pm ET
The already battered home building industry got another dose of bad news Friday as a key bellwether of the sector's health showed sales of new homes and prices dipped in June, dashing hopes for a summertime housing turnaround.
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Ahead of the Bell: Consumer Sentiment
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AP
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Fri 6:17 am ET
A revised report on July consumer sentiment due out Friday is expected to show that Americans remain downbeat about the economy.
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Home builders shares plunge on home sales data
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AP
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Thu 7:43 pm ET
Shares of several major U.S. home builders plunged Thursday after a real estate trade group reported sales of existing homes fell sharply in June, pushing up the supply of unsold homes on the market -- a potential drag on the sector.
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NVR's profit down 43 percent in Q2
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AP
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Tue Jul 22
The housing slump continued to take its toll on homebuilder NVR Inc. as second-quarter earnings dropped 43 percent amid declining orders for new homes and falling income from mortgage lending, the company reported Tuesday.
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Standard Pacific Corp. Provides Notice of Terms of Transferable Rights Offering to Stockholders
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PR Newswire
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Mon Jul 21
Standard Pacific Corp. today announced the terms of its previously announced transferable rights offering of common stock.
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Standard Pacific Corp. Announces Special Stockholder Meeting to be Held August 18, 2008
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PR Newswire
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Wed Jul 16
Standard Pacific Corp. today announced that a special meeting of stockholders will be held on Monday, August 18, 2008, at 10:30 a.m. local time at the Company's corporate office in Irvine, California, for the purpose of approving the conversion of shares of the Company's outstanding Senior Convertible Preferred Stock into Series B Junior Participating Convertible Preferred Stock, the issuance of Series B Junior Participating Convertible Preferred Stock upon the exercise of the Company's outstanding Warrant and the issuance of common stock upon the conversion of the Series B Junior Participating Convertible Preferred Stock, approving the Company's Amended and Restated Certificate of Incorporation, and amending the Company's 2008 Equity Incentive Plan.
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M/I Homes delivers 37 percent fewer homes in 2Q
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AP
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Thu Jul 10
Homebuilder M/I Homes Inc. said Thursday deliveries fell 37 percent in the second quarter on significantly fewer deliveries in the Florida market.
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Sector Snap: Homebuilders mostly up on sales data
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AP
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Tue May 27
Shares of most homebuilders climbed Tuesday as data showed new home sales posted unexpected growth in April and Standard Pacific Corp. said it would receive a private equity investment of more than $530 million.
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