An economist might deem the opportunity cost of building versus buying a house right now to be unacceptably high. And judging from emails I have received, so do some of my readers.
With the U.S. in a housing slump there’s an ever growing array of homes for sale at lower prices. Meanwhile, prices for supplies like [...]
Homebuilder Standard Pacific Corp. said Monday its net new home orders, excluding discontinued operations, for April and May fell 12 percent from the same period last year, blaming a tough housing market.
Adjusting for the number of active selling communities, new home orders, excluding discontinued operations, were down 18 percent on a same-store basis, the company [...]
GLENWOOD SPRINGS - The urban-, suburban-, and exurbanization of the Roaring Fork Valley is, for all practical intents and purposes, a done deal. Yet another of the dominoes between Aspen and Glenwood Springs has now fallen with approval of a new 577-unit project in the Spring Valley area southeast of Glenwood springs.The project will go [...]
Ryan Masters, a Milwaukee contractor who spends $400,000 a year on tools and building materials, abandoned Home Depot Inc. for Lowe’s Cos. eight years ago because of poor service.
Tags: Building, building materials, company, composite, crease, customers, estimates, Expense Accounts, Home Depot, homebuilder, Including Lumber, new york stock, new york stock exchange, Professional, provide, stock, Stores, [...]
The need for ten year structural warranties began in the 1970s when Congress suggested that builders escrow 10% of the price of a home to cover structural defects (which statistically occur about as often as major fire damage). As builder margins were not equipped to absorb that 10%, home warranty companies were conceived to bear [...]
In another sign of the U.S. housing slump, Centex Corp. said Friday its home services sales fell 13 percent in its latest quarter and it will charge nearly $1 billion against earnings to write down the value of land and other holdings.
Tags: anc, Centex Corp, credit markets, home service, Home Services, homebuilder, [...]
In another sign of the U.S. housing slump, Centex Corp. said Friday its home services sales fell 13 percent in its latest quarter and it will charge nearly $1 billion against earnings to write down the value of land and other holdings.
The homebuilder, with operations in 25 states, also expects its wholly [...]