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M/I Reports Small 3rd-QTR Sales Decline
New contracts for the third quarter fall only 2% compared to last year, but the drop grows to more than 50% when compared to the same quarter two years ago. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 10/11/2007 )
M/I Adopts 'Defensive' Strategy
After reporting $21.4 million 3rd-QTR loss, the company focuses on closing on more homes, particularly speculative units. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 10/31/2007 )
Horton Beats Estimates, Handily
Company still posts $50.1 million loss; CEO Tomnitz says that in '08, "We are going to pull our development dollars out of the ground." . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 11/20/2007 )
Dominion President and COO to Leave Company
Jeffrey Croft will depart at yearend "to pursue other interests." The board of directors has appointed Douglas G. Borror, chairman and CEO, to take on the additional role of president and William G. Cornely, who is currently CFO, to become COO. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 12/21/2007 )
Meritage Reduces Debt Despite Weakening Orders
Preliminary results show company paid down $152 million of its $800-million revolver to a balance of $82 million during the fourth quarter. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 01/18/2008 )
Meritage Discloses Joint Venture Exposure
In a confernce call with analysts, company executives provide details on 12 active joint ventures as they accentuate the positives in fourth-quarter results. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 01/29/2008 )
Kimball Hill Will Exit Florida
Company says it will finish and deliver homes under construction and will cut 75 corporate jobs. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 02/27/2008 )
Centex Sells 8,500 Lots in 11 States
Company unloads roughly 10% of its land inventory to a Dallas-based joint venture in which it will retain a 5% stake and said it expects to net $455 million from the deal and associated tax benefits. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 03/31/2008 )
Centex to Exit Michigan
Company will continue to sell homes and finish those under construction through the end of 2008. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 04/25/2008 )
Tomnitz Rejects Bulk Land Sales
D.R. Horton CEO says the company can get a better return by building through its excess lots as it works to get its land supply down to a three-to-four-year supply. He warns, however, that more impairments may be necessary. . . .
Author: Lisa Jackson
BIG BUILDER News ( Created Date: 05/06/2008 )

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