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Residential Construction News
View: Latest News | Top Stories
1. Falling new home sales bode ill for home builders - AP - 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.
2. Ahead of the Bell: Consumer Sentiment - AP - 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.
3. Home builders shares plunge on home sales data - AP - 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.
4. NVR's profit down 43 percent in Q2 - AP - 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.
5. Standard Pacific Corp. Provides Notice of Terms of Transferable Rights Offering to Stockholders - PR Newswire - Mon Jul 21
Standard Pacific Corp. today announced the terms of its previously announced transferable rights offering of common stock.
6. Standard Pacific Corp. Announces Special Stockholder Meeting to be Held August 18, 2008 - PR Newswire - 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.
7. M/I Homes delivers 37 percent fewer homes in 2Q - AP - 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.
8. Sector Snap: Homebuilders mostly up on sales data - AP - 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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