In home building, the customer is rarely right. Wow, I bet you didn’t think you would see that statement coming from a customer satisfaction expert; but it is true, and here is why.
William Lyon Homes became the latest home builder looking to cash in on the housing recovery when the company filed on April 9 with the SEC to raise up to $200 million in an initial public offering.
Scottsdale, Ariz.-based Taylor Morrison raised $526 million in its initial public offering of 28.6 million shares. Analysts say interest in the home builder's shares indicates investors’ demand to cash in on the nation’s housing recovery.
Builder confidence in the market for newly built, single-family homes paused for a third consecutive month in March, with a two-point reduction to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
The fiscal cliff, an economically damaging set of tax hikes and spending reductions scheduled to begin in 2013, has been avoided — for now — and that is good news for housing in the short run. Here are the positives of the deal.
KB Home, the nation’s fifth-largest home builder, reported its fiscal fourth-quarter revenue jumped 20 percent because of an increase in the number of homes the company delivered and a higher average selling price.
Ryland Group Inc., one of the country's largest home builders, has purchased the operations of Trend Homes from Phoenix investment firm Najafi Investments LLC.