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New solar, LEED units in Los Angeles area

MBK Homes is constructing 97 new solar and LEED certified townhomes and live-work units located in the southern portion of Gardena, Calif., at 1600 W. Artesia Blvd.

LGI Homes report high July residential closings

July was a record-breaking month for residential closings for LGI Homes.

Standard Pacific reports Q2 results: Net new orders up, revenues down

Standard Pacific reported a net loss in the 2011 second quarter of $10.5 million on homebuilding revenues of $204.3 million compared to net income of $10.7 million on homebuilding revenues of $317.2 million in the 2010 second quarter.

D.R. Horton beats Q3 estimates on $28.7 million in net income

D.R. Horton reported net income for its third fiscal quarter ended June 30, 2011, of $28.7 million. Net income for the same quarter of fiscal 2010 was $50.5 million.

Mergers + Acquisitions

Taylor Morrison acquisition finalized for $955 million

Scottsdale, Ariz.-based home-building giant Taylor Morrison has closed on its sale to TMM Holdings Limited Partnership

Las Vegas builder faces 20 years in felony fraud case

William Monroe, a former VP in Meritage Homes' Nevada division, faces up to 20 years in prison after pleading guilty to stealing $1.4 million from the builder. According to an AP report, Monroe submitted fraudulent invoices to his former employer over a four-year period.

Merillat, NAHB name winners of Women of the Future grant

Merillat recently announced the winners of this year’s National Association of Home Builders’ (NAHB) Professional Women in Building “Women of the Future” Grant. Underwritten by Merillat, the grant is helping to further education of women in all aspects of the building industry, including business owners, marketing experts, interior designers and more. Recipients can go on to further their careers by obtaining certifications or continuing their education.

Beazer Homes CEO steps down, replaced by CFO

Home-building giant Beazer Homes announced this morning that CEO Ian J. McCarthy is leaving the builder after 17 years of service. The company's CFO, Allan Merrill, will succeed McCarthy as president and CEO and has been elected to the board of directors.

Harvard report: Housing recovery hinges on return of demand

After three consecutive years of record-low construction levels, the vigor of the recovery in housing now hinges on a return of demand, according to the State of the Nation’s Housing report released this morning by the Harvard University Joint Center for Housing Studies. The key obstacles to a return in demand, say Harvard researchers, are the lingering consequences of the recession and financial crisis.

Housing Giants

KB Home, PulteGroup Top Pro Builder's Ranking of Largest Builders in California

See the 30 largest home builders in California on Pro Builder's national Housing Giants list

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