Housing Affairs Letter

Builder Business Focus

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(CONSTRUCTION FIRM SALE) Homebuilder Changes Hands In $955M Deal

North American homebuilder Taylor Morrison is sold to TMM Holdings Limited Partnership for $955 million. The sale includes U.S.-based Taylor Morrison and Monarch in Canada.

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(HOMEBUILDER) Lennar Reports $13.8 Million Profit In Second Quarter

Lennar Corporation, one of the nations largest homebuilders, reported second quarter net earnings of $13.8 million, on revenue of $764.5 million. Revenues rose 37% compared to the first quarter. The company's

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(BUILDER BUSINESS FOCUS) Homebuilder Hovnanian Posts $72.7 Million Loss in Second Quarter

New Jersey-Based homebuilder Hovnanian Enterprises posted a second quarter loss after taxes of ...

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(BUILDER BUSINESS FOCUS) Shea Homes Reports $8.29M Loss

Shea Homes, one of America's largest private homebuilders reported a net loss of $8.29 million ...

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(BUILDER BUSINESS FOCUS) Builder Confidence Unchanged in May

Builder confidence in the market for newly built, single-family homes held unchanged at the low level of 16 in May ...

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(BUILDER FOCUS) Meritage Homes Unveils First 'Net-Zero' Production Home

Meritage Homes has unveiled the first "net-zero" production home built in the United States in the Verrado community ...

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(BUILDER BUSINESS FOCUS) D.R. Horton Profit Rises On Tax Benefit

D.R. Horton Inc. net income for its second fiscal quarter ended March 31, 2011 ...

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(BUILDER BUSINESS FOCUS) Beazer Homes Posts $54.6 Million Loss In Second Quarter

Beazer Homes USA Inc. says it lost $54.6 million in its second quarter on sales of $127.5 million. ...

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(LUMBER SUPPLIES) (SUPPLIER BUSINESS FOCUS) (SUPPLIER BUSINESS FOCUS) Universal Forest Products Posts $3.7 Million Loss

Universal Forest Products, Inc. today announced first-quarter 2011 net sales of $387.2 million, compared with net sales of $393.0 million for the same period of 2010, a decrease of 1.5%. For the quarter, the Company

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(BUILDER BUSINESS FOCUS) Beazer Homes Launches Pre-Owned Homes Division

Beazer Homes is expanding beyond new home sales with the introduction of its Pre-Owned Homes Division. ...

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