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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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Nathan: Big builders allocating dollars to metro, despite excess inventory.
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One of the hardest-hit housing markets in the nation is starting to see some relief.
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Pace dipped 2.6 percent since May.
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Builders will have to cut the energy consumption of new homes by 50 percent over next decade.
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Worried about Fannie and Freddie, the White House says it will not veto housing rescue legislation, despite reservations about the bill.
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Luxury public builder does not have cash to cover upcoming $125 million debt call.
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Fulton Homes joins a still-small group of companies that sees home improvement as an alternative line of business while new-home construction lags.
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A division president sees connections between his being fired and his complaints about the builder’s bonus payments to him.