Toll Brothers announced last week that Zvi Barzilay, 65, its chief operating officer and president, will be retiring effective December 31, 2011. He will be succeeded by Richard T. Hartman.
The number of foreclosures climbed in October, as mortgage lenders begin to make their way through the paperwork problems that had delayed new filings for much of the last year.
Job Openings and Labor Turnover Survey (JOLTS) data for September from the Bureau of Labor Statistics show that job openings are starting to pick up, especially in the construction sector.
Single-family housing starts rose 3.9 percent to a seasonally adjusted annual rate of 430,000 units in October, according to newly released data from the U.S. Commerce Department.
K. Hovnanian’s Bobby Ray has announced he is stepping down as group president of the builder’s Texas and Florida markets after 12 years with the company.
Builder confidence in the new single-family homes market rose by three points to 20 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for November.
The number of homeowners who have delayed selling because of the real estate market has declined slightly in the last 18 months, suggesting the pending supply of "visible" homes is stabilizing.