Items Tagged with 'Homebuilders'

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Housing starts see greatest leap in nearly a decade

Thank you, Millennials
Housing starts increased significantly in October, reversing a downward trend and holding the strongest pace since 2007. Interestingly enough, Millennials played a major role in this increase due to their increasing market share. There is still room for growth, however, and one expert explains what housing needs to see from the next administration.
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Home builders stayed confident heading into election

Single-family housing shows slow, gradual growth
Home builders held a high confidence in November right before the election, according to an index from the National Association of Home Builders and Wells Fargo. This confidence is reflective of a continued demand for new housing from first-time homebuyers.
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WCI Communities doesn't find better offer; $643M merger with Lennar to move forward

"Go shop" period expires, but deal isn't done yet
When WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced last month that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for $643 million, the company said that its board was going to take a 35-day “go shop” period to seek a better deal. Now, the 35-day “go shop” period is over and the merger with Lennar is moving forward, but it’s not a done deal yet.
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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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