Builder confidence in the market for newly built single-family homes during July posted a one-point uptick to 56 in the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marked the seventh consecutive month of rising...
Lennar Corp. (NYSE: LEN, LEN.B) announced that Rick Beckwitt will retire as a co-CEO and co-president and resign as a member of the homebuilder’s board of directors. Beckwitt joined Lennar in March 2006 as executive vice president and became president in 2011 and CEO...
The Los Angeles-headquartered homebuilder KB Home (NYSE: KBH) has announced a partnership with the National Forest Foundation (NFF), the congressionally chartered nonprofit working to promote the health and public enjoyment of the National Forest System. In this...
The luxury home building firm Toll Brothers Inc. (NYSE: TOL) has promoted John A. McCullough to president of Toll Brothers Apartment Living, the company’s multifamily division. In his new job, McCullough will be responsible for leading all acquisitions,...
Arlington, Texas-based builder D.R. Horton Inc. has acquired Truland Homes, a privately owned homebuilder focused along the Florida and Alabama Gulf Coast markets, for approximately $100 million in cash. The acquired homebuilding assets of Truland Homes include...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
