Posts From Michael Anderson
Pulte Beats 4Q Estimates on Both Earnings and Revenue
Pulte reported a strong 4Q 2014 with earnings and revenue that were higher than the year ago period and above analyst expectations. Profit clocked in at $217.1M or 58 cents
Building Activity Steps Up in the OC
OC has been a hub of new home construction activity so far this cycle, and the pace seems to be accelerating in reaction to strengthening housing market conditions. In this
Marblehead Gets Going Again
Early last year, Marblehead, a coveted piece of coastal California real estate located in San Clemente, traded hands from Lehman Brothers Holdings to merchant-builder Taylor Morrison in a deal valued
Homebuilder Sentiment Remains Steady
Although the NAHB index of homebuilder sentiment slipped a point in January to 57, it has stayed buoyed at relatively high levels with readings above 50 for the past seven
Building Industry Converges in Vegas
As the International Builders’ Show gets going in Vegas this week, the sentiment seems to be one of cautious optimism. Coming off of a sluggish 2014, loosening mortgage standards for
Anaheim’s Platinum Triangle Coming Back to Life
Once a casualty of the housing downturn, the Platinum Triangle in Anaheim is showing signs of renewed activity. With 1,920 units currently completed and another 1,038 under construction as of
Lennar Tops Earnings Estimates
Lennar reported earnings of $1.07 a share for 4Q 2014 versus $0.73 a share in the year earlier period. Analysts on average had expected earnings of $0.96 per share. Despite
KB Home Stock Hammered
KB Home suffered its worst one-day percentage drop since Aug. 19, 1992 on Tuesday with a 16.3% decline. With lower than expected margins in the 4th quarter of 2014 and
The New Home Company Profile
Orange County-based builder, The New Home Company, is profiled in this article in the Los Angeles Times. The company, founded by industry veterans Larry Webb, Wayne Stelmar, Tom Redwitz and
5 Risks to the Housing Market Recovery
While most prognosticators are predicting improved housing market conditions in 2015, there are still some risk factors which could derail the recovery. In the following article, five potential obstacles to
