NAHB Homebuilder Confidence Index dropped in December to 57 from 58 in November. The reading of 59 in September was a nine-year high. Readings above 50 indicate builders feel good about market conditions. All in all, builder sentiment appears to be stabilizing as the housing recovery continues.
TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income
Jeffrey Mezger, chief executive of the homebuilder KB Home, will take a 25 percent cut to his year-end bonus as a result of his sexist and homophobic outburst against his neighbor, the comedian Kathy Griffin, the company said Thursday.
In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a
