Archives for the 'Construction' Category
Defects dull dream home’s luster
This is an interesting article that is mostly accurate, although it does contain some errors and is definitely biased, although the Contra Costa Times does not list it as an editorial piece..
Experts estimate that the average new house will exhibit three to 14 construction defects. Some builders have a reputation for standing behind their work [...]
8 August 2007 | Business, Construction, Construction Defect, Construction and Law, Inspections | Comments Off
Standard Pacific Shares Hit 7-Year Low
Shares of Standard Pacific Corp. plunged to a nearly seven-year low Monday on growing concerns that the homebuilder won’t be able to cover its debt.
The stock of the Irvine, Calif., company tumbled $2.28, or 18.7 percent, to $9.91 in afternoon trading. Earlier in the session, shares plummeted to $7.51, a level not seen since the [...]
8 August 2007 | Business, Construction, General | Comments Off
Drywall Maker in Pain as Housing Suffers
Many in the construction industry have struggled as the housing market has slowed dramatically in recent times.
But few have felt it as forcefully or as suddenly as the USG Corporation, the nation’s largest maker of drywall, the paper-wrapped plaster boards used to build walls in homes and offices.
USG, based here in Chicago, is in some [...]
7 August 2007 | Business, Construction, General | Comments Off
Developer moves, renovates historic farmhouse
This is very interesting and quite divergent from the normal method of operation for developers following land acquisition:
The soul of the American Folk farmhouse is at least 110 years old, but much of the structure itself isn’t a day over six months.
National builder Shea Homes moved and restored the historic Hudson-Schutte farmhouse on Escondido’s east [...]
1 August 2007 | Construction, General | Comments Off
Ryland Sees No Market Improvement
Ryland’s net sales also fell 17 percent year over year in the second quarter, from 3,023 in 2006 to 2,521 this year. Compared to the first quarter of 2007, sales were down most in Texas, and off in the Southeast and North, but Ryland’s sales in the West were actually up 7 percent, Dreier said.
“Sales [...]
29 July 2007 | Business, Construction, General | Comments Off
D.R. Horton posts quarterly loss after charges
Another builder is having trouble…
D.R. Horton Inc, the largest U.S. home builder, on Thursday reported its first quarterly loss as a public company after taking more than $1 billion of charges, chiefly related to the lower value of land and other assets.
For its fiscal third quarter, ended June 30, D.R. Horton posted a loss of [...]
29 July 2007 | Business, Construction, General | Comments Off
Ahead of the Bell: Pulte Homes
Pulte Homes Inc. faces an uncertain future, analysts said Thursday, a day after the company said it swung to a second-quarter loss amid a struggling housing market.
After the bell Tuesday, Pulte reported a loss of $2.01 per share on $2.02 billion in revenue. Sales dropped 40 percent for the quarter, and the company took almost [...]
29 July 2007 | Business, Construction, General | Comments Off
Beazer Homes says SEC probe involving company now ‘formal’
Beazer Homes USA Inc. said Monday that an informal Securities and Exchange Commission inquiry to determine if any person or entity related to the company violated securities laws has become formal.
The Atlanta-based homebuilder said in an SEC filing issued after the market closed that on Friday it received a “formal order of private investigation” issued [...]
29 July 2007 | Business, Construction, Construction and Law | Comments Off
Insider Q&A hears from construction-quality expert
Don Neff is president of La Jolla Pacific Ltd., an Irvine-based consulting firm that advises homebuilders on ways to improve the quality of their construction and avoid construction-defect claims. The firm operates in 10 states and claims to have assisted 1,000 clients in the building of more than 50,000 homes. Register reporter Jeff Collins spoke [...]
28 July 2007 | Business, Construction, Construction Defect, Construction and Law, Experts, Litigation | Comments Off
Proposal To Ban EIFS By Oregon State Senators Moves Forward
In a unanimous vote of 26-0, Oregon State Senators, led by Senator Jackie Winters (R-Salem), voted to ban the use of synthetic stucco on Oregon homes. This decision came after Senator Winters told the story of an 11-year old Salem resident, Whitney McClain, who is currently being treated for multiple brain tumors after a mold [...]
12 July 2007 | Construction, Construction Defect, Construction and Law, Litigation | Comments Off
