Suburbia: It has been a panacea and an expletive. Touted for affordability and maligned for automobile dependence, suburbia is a fact of life in the U.S.
A compilation of business news, trends, and surveys on customer satisfaction, financials, human resources, marketing, and sales.
Fannie Mae, profit, first quarter 2012, growth, mortgages, home prices
Fannie Mae reported a first quarter profit of $2.7 billion Wednesday, and will not require Treasury Department funds to balance its books for the first time since 2008, according to Business Week.
Epcon Communities, active adult market, turnaround, franchises, home sales
The long-awaited turnaround in the housing market may finally be underway, at least in the active adult segment, if data provided by Epcon Communities are any indication.
Bank of America, B of A, mortgage principal reduction, underwater homeowners
Bank of America announced it will be offering mortgage principal reduction to 200,000 underwater homeowners with loans owned or serviced by B of A this summer, according to CNBC.
Crescent Resources, Andrew Carmody, new president, residential division
A national search culminated in the appointment of Andrew Carmody as president of the residential division of Crescent Resources LLC. Carmody has held senior leadership positions with Kitson & Partners, Centex Homes and McKinsey & Co.
D.R. Horton, second quarter, 2Q, Q2, 2012, earnings increase, home building
D.R. Horton reported a year-over-year earnings jump of 46 percent in the second quarter of 2012, posting totals of $40.6 million for the quarter, which comes to 13 cents a share, according to HousingWire.
FHFA, short sales, process, new rules, timetable, review, foreclosure
In an attempt to reduce the number of foreclosures nationwide, the Federal Housing Finance Agency introduced new rules for the short sale process on Thursday, according to CNN Money.
Weyerhauser, hiring, engineered lumber plants, Louisiana, La., Arkansas, Ark.
Weyerhaeuser Co. is now hiring additional trades and production workers at its engineered lumber products plants in Natchitoches and Zwolle, La., and Emerson, Ark.
Jamie Dimon, JP Morgan, housing market, optimism, 9 signs, turnaround
In his annual letter to investors, JP Morgan CEO Jamie Dimon offered an optimistic outlook on the housing market for 2012.
Toll Brothers, high-end home builders, new home sales, home prices, increases
Toll Brothers CEO Douglas Yearley told CNBC this week the company was having its “best spring in five years,” just one sign the high-end housing market is starting to recover, according to Calculated Risk.
Lafferty Communities, The Hoffman Company, purchase, Faria Preserve, California
The Hoffman Company—one of California’s most established land brokerage firms—announced today that it has closed the sale of the Faria Preserve property to Lafferty Communities, a private, family-owned developer, in one of the largest land transactions in the East Bay area in several years.