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The Madoff trickle-down effect
With as much as $50 billion lost to Bernard Madoff’s alleged Ponzi scheme, there was bound to be fallout in the real estate market.
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Lennar reports seventh consecutive loss
Lennar Corporation’s fiscal fourth quarter ended with an $811 million loss, the builder’s seventh consecutive loss, as its fortunes continued to parallel general economic trends.
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The "affordable" home, redefined
Even if they haven’t hit bottom, housing prices in some parts of the country have dropped to the point where they are routinely described as “affordable.” What’s significant about that is the description isn’t an exaggeration.
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Hovnanian posts ninth consecutive quarterly loss
The quarter, which ended October 31, was Hovnanian Enterprises' ninth consecutive to show a loss. The company is the nation’s sixth-largest homebuilder.
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Housing in November: Another nonstarter
Housing starts go where builder confidence goes, and right now the two are trolling the depths.
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Obama picks Shaun Donovan to run HUD
The man currently serving as New York City’s housing commissioner, Shaun Donovan, will lead the Department of Housing and Urban Development under the new administration.
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About those job cuts and foeclosure trends. . .
Loan modification programs and laws designed to delay the foreclosure process have helped lower the foreclosure rate. The problem is, the number of loan defaults and foreclosure auctions is predicted to increase next year, right along with unemployment.
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Will partisan bickering give way to good recovery plans?
Not to put too fine a point on it, but economic recovery proposals often are as much about political ideology as they are about developing sensible programs and policies.
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NAHB ratchets up call for housing stimulus
Fix Housing First, NAHB's coalition of housing advocates, has been at the forefront in calling for the government to implement housing stimulus measures that can be applied broadly and, if the coalition is correct, yield positive results relatively quickly.
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Getting a grip on housing-program oversight
Program oversight is critical, but how does an agency oversee programs that have thousands of players and many more thousands of clients?
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Garage Progress
We're making good progress on the garage shop at the project house. Drywall is hung, carriage doors are installed and the new front facade has been painted. read more
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If you are looking for the latest building industry news, you've found the right Web site. The news we feature here is written by editors and trusted members of the Fine Homebuilding community on topics that matter most to your business. From code changes to lawsuits to matters of credibility, we'll let you know about the issues that affect your bottom line.
