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Indianapolis-based Davis Homes officially ceased operations, marking the end of a more than 50-year-old family home building business.
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Stock dropped more than 21 percent in trading Thursday after the company reported a $241.6 million quarterly loss.
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A division president sees connections between his being fired and his complaints about the builder’s bonus payments to him.
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The cancellation rate drops to 19 percent at McLean, Va.-based public builder.
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A change in New York City construction codes leads to total starts and permits increases, but single-family numbers are still decreasing.
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Brad Foster of FTI Consulting will serve as interim chief restructuring officer.
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With sales down, M/I's cancellation rate also falls 7 percentage points.
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WCI Communities is offering its creditors a sweeter debt deal to back off on their demands to be repaid early.
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IndyMac BankCorp stops making loans, sells assets, and cuts staff.
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A number of senators say they support the net-operating loss carry-back provision.
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Moody’s reduces rating on nearly $1.5 billion in debt securities to below-investment grade, based on its expectations of weaker business conditions.
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Home builders will be building green, ready or not.
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Sustainable development may be in vogue today, but over-consumption has driven the market for the last two decades.
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The construction industry loses more jobs, New Jersey changes its approach to affordable housing, and Florida joins the list of states suing Countrywide.
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British firm is parent company of U.S. home builder Taylor Morrison.
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MatlinPatterson Global Advisors will provide a $530 million cash infusion into the heavily indebted company.
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Illinois and California attorney generals and Washington Governor file suit against Countrywide Financial on same day as company shareholders vote to accept Bank of America takeover bid.
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Countrywide gets sued, home prices take a dive, and builders leave their hearts at PCBC in San Francisco.
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As it winds down its Florida operations, Kimball Hill Homes offers performance-based incentives to remaining associates there.
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Consumer confidence tanks, a housing market rescuer discovers closer-than-comfortable ties to Countrywide, building materials costs spike upwards, and we just can’t get enough of real-estate reality TV.