Items Tagged with 'Homebuilders'


Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?

Agreement includes provision that allows WCI to seek better offer
WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.
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Lack of builders holding back housing market

So many construction workers left and never returned
Lack of construction workers is becoming a major issue not just for construction companies, but for the entire housing market. During the housing crisis the industry lost about 30% of its workers. Now, however, those workers don’t want to go back.
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D.R. Horton expands, buys Wilson Parker Homes

Acquires homebuilder that operates in Georgia, Arizona, the Carolinas
Already one of the nation’s largest homebuilders, D.R. Horton is about to get bigger, as the company announced Monday that it plans to acquire Wilson Parker Homes, a homebuilder that operates in Georgia, Arizona, North Carolina and South Carolina.
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Homebuilder confidence holds steady in July

Confidence fell one point, but still in a positive range
“For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery that is underway,” said NAHB Chairman Ed Brady. “However, we are still hearing reports from our members of scattered softness in some markets, due largely to regulatory constraints and shortages of lots and labor."
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Monday Morning Cup of Coffee: Don't worry, Warren Buffett says there's no housing bubble

And then he puts his money where his mouth is
Over the weekend, thousands of enthusiastic followers of Warren Buffett descended on Nebraska to hear from the famed "Oracle of Omaha" at Berkshire Hathaway’s yearly meeting. During the meeting, Buffett touched on the economy, investing, politics and life. And housing. Quite a bit about housing, actually. Here's your full recap, plus more on Buffett's burgeoning homebuilding empire. All that and more, in your Monday Morning Cup of Coffee.
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PulteGroup's very public squabble yet to hurt bottom line

Beats revenue and earnings expectations
If you're looking at financial data to be your tell all of a company's health, PulteGroup is doing quite alright, according to its first-quarter earnings. This is important news given the recent, unusually public, and still ongoing, battle over the questionable leadership of the homebuilder's executive team. However, the earnings might not have come soon enough.
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PulteGroup CEO steps down in face of company pressure

Founder and board asks him to resign
After more than 20 years with the homebuilder, PulteGroup CEO Richard Dugas was pressured to resign by two of the highest powers in the company due to disputes over the homebuilder’s direction. Conveniently, a recent Q&A with Dugas revealed some of his plans for the company. So what happened?
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