Orleans Homebuilders, in bankruptcy protection, gets financing approval The developer Orleans Homebuilders Inc. said Friday that it has received approval from a Delaware bankruptcy court for financing to continue operating after filing for Chapter 11 protection. The builder said it received interim ...
Highlights from the latest Beige Book economic survey of the Fed's 12 regional bank districts Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the ...
CEO of homebuilder Hovnanian says market could withstand a 'little' increase in foreclosures The CEO of Hovnanian Enterprises Inc. said a modest surge in foreclosures this year wouldn't have a devastating effect on the homebuilder's sales. Ara Hovnanian said new construction and ...
Homebuilder Hovnanian Enterprises posts $236.2M profit in 1st-qtr on tax gain Hovnanian Enterprises Inc. said Tuesday it posted a quarterly profit for the first time since 2006 as the homebuilder benefited from a hefty tax gain. But aside from the $291.3 million ...
Orleans Homebuilders files for Chapter 11 bankruptcy protection after $350M loan default The developer Orleans Homebuilders has filed for Chapter 11 bankruptcy protection after defaulting on a $350 million loan last month. The company, based in Bensalem, Pa., said it was unable ...
Luxury homebuilder Toll Bros. reports $412M loss, but CEO says industry rebound will take time Toll Brothers Inc. said Wednesday the slow recovery of the housing market helped the luxury homebuilder post a narrower loss in its fiscal first quarter. But CEO ...
FILE - In this file photo taken Dec. 3, 2008, a Toll Brothers housing complex is shown in Sunnyvale, Calif. Toll Brothers Inc. said Wednesday, Feb. 24, 2010, the slow recovery of the housing market helped the luxury homebuilder post a narrower ...
<div id="subtitle">Home sales up, but housing recovery likely to be rocky, uneven</div><div><p>Sales of new homes rose more than 6 percent in October. But that was only because of strong results in the South.</p><p>Home prices rose in 11 major metro ...
<div><p>NEW YORK (Reuters) - The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.</p><p>Signs the housing market was bouncing back in October were ...
<div id="subtitle">Shares of homebuilders climb as pending home sales rise for ninth straight month</div><div><p>Shares of homebuilders ticked higher Tuesday as contracts to buy previously occupied homes rose for a ninth straight month.</p><p>The surge in sales reflects homebuyers' rush to ...
