Reuters - Beazer Homes USA posted a wider quarterly loss on Tuesday, citing a further deterioration of the U.S. housing market due to lower consumer confidence levels and reduced access to mortgage financing.
Article Source

[Read more →]

AP - D.R. Horton Inc.’s chief executive said Tuesday he expects this fiscal year to be even more challenging than 2008, which ended with a nearly $800 million quarterly loss on slower home sales and more than $1 billion in charges.
Article Source

[Read more →]

Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.

Article Source

[Read more →]

AP - Homebuilders’ confidence in a near-term housing recovery sank to a new all-time low this month, reflecting growing worries over the U.S. financial crisis, rising unemployment and weakening consumer confidence, an industry trade association said Tuesday.

Article Source

[Read more →]

WASHINGTON – Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.
Article Source

[Read more →]

PHILADELPHIA - Luxury-home builder Toll Brothers Inc. on Tuesday posted a second-quarter loss that was smaller than Wall Street expected, as a hefty write-down driven by joint ventures was offset by other income.
Shares of Toll Brothers rose 64 cents, or 3.1 percent, to $21.60.
Chief Executive Robert Toll said demand continues to be weak in […]

[Read more →]

AP - HORSHAM, Pa. - Luxury home builder Toll Brothers says preliminary results show homebuilding revenue fell 30 percent in its fiscal second quarter amid a weak spring selling season.
Horsham, Pa.-based Toll Brothers Inc. also says it expects to continue to face “challenging times” ahead, given soft conditions in most markets.
Second-quarter homebuilding revenue slid…
Article Source

[Read more →]

Two of the nation’s largest home builders after Wednesday’s market close report quarterly losses as housing market weakness continues to weigh on the beleaguered industry and hopes for a recovery this spring.
Article Source

[Read more →]