Toll Brothers Q3: earnings up, revenue down

Toll Brothers' fiscal third-quarter earnings jumped 54 percent with a boost from a bigger tax benefit, but the home builder saw a double-digit drop in revenue as home deliveries fell.

New York congressman introducing new housing stimulus

U.S. Rep. Gary Ackerman, D-N.Y., is planning to introduce "Homestead: Act 2," a bill designed to encourage homeownership by offering potential homeowners incentives to invest in existing 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.

Purchasing

10 Elements of the Total Cost Model to Purchasing

Home builders that adopt the total cost model to purchasing and operations are guaranteed to save in the long run. Here’s a road map for getting started

RealtyTrac: Foreclosure activity reached 40-month low in April

Foreclosure activity last month dropped 9 percent from March 2011 and 34 percent from April 2010, according to RealtyTrac's latest U.S. Foreclosure Market Report. Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were reported on 219,258 U.S. properties in April, the lowest level in more than three years.

John Burns: 4 successful builder strategies for maximizing revenue

Home builders must be firing on all cylinders to make money during these trying times, says John Burns, CEO of John Burns Real Estate Consulting. Burns highlights four common strategies firms are employing to maximize revenue.

Video: Sneak peek at Professional Builder's 2011 Housing Giants report

Professional Builder Editor-in-Chief David Barista discusses several key findings from the publication's annual Housing Giants report. Learn which firms make up home building's "billion dollar club" and what the nation's largest firms identify as their top challenges and opportunities.

Report: Increased competition in strong markets hurting builders

As more home builders flock to housing markets that have remained relatively healthy through the downturn, the increased competition is starting to impact sales, according to new data from John Burns Real Estate Consulting. Raleigh, N.C., and San Diego are among the presumed stronger markets that are seeing lower year-over-year net sales per community.

David Weekley partners with Estridge Group, enters Indianapolis market

David Weekley Homes, the nation’s second largest privately held home builder, has formed a partnership with Carmel, Ind.-based builder Estridge Group to expand into the Central Indiana market. Last month, Estridge discontinued its sales operations due to difficulty obtaining construction financing. The new entity will start building homes in June.