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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

Housing Giants

Pulte's Richard Dugas: 'The curse of our land position is going to be the blessing for the future'

Pro Builder editors sat down with PulteGroup CEO Richard Dugas to discuss his strategy for bringing Pulte back to profitability in 2011, his thoughts on GSE reform, and the changing view on housing policy in Washington, D.C.

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.

Toll Brothers reports unexpected profit in first quarter

Toll Brothers, the largest U.S. luxury home builder, posted a surprising first-quarter profit, beating market estimates, Bloomberg reported. The company managed to increase revenue, cut costs, and reduce property impairments. Net profit was $3.4 million, or 2 cents per share, compared with a loss of $40.8 million last year.

Pulte, D.R. Horton top Professional Builder's 2011 Housing Giants rankings

With more than $4.4 billion in total residential revenue and 17,095 closings in 2010, PulteGroup tops Professional Builder’s annual Housing Giants ranking of the nation’s largest home-building companies. D.R. Horton had $3.9 billion in residential revenue and 18,983 closings in 2010 to grab the number-two spot on the Housing Giants list. Rounding out the top five are NVR, Lennar, and KB Home.

When the economic tide goes out

Two years ago, at the height of the global financial crisis, investor Warren Buffett pulled out this gem of a quote to describe the situation. “It’s only when the tide goes out that you learn who’s been swimming naked.” And while this is an accurate expression of what happens to weak businesses when there is a downturn in the business cycle, it seems particularly apt as a description of the builder market before and after the housing market bubble burst.

Lower Ratings For Pulte Group

Standard & Poor's Ratings Services on Sept. 14 lowered its ratings for home builder Pulte Group Inc., saying the company's earnings will likely remain weak into next year due to a slower-than-expected U.S. housing recovery.

Q1 Profit For Hovnanian

Homebuilder Hovnanian Enterprises Inc has posted its first profit since 2006, helped by a tax benefit. 

HUD Looks to Deliver $2 Billion in Recovery Act Funding to Markets Hit by Foreclosure

Using the Neighborhood Stabilization Program, HUD will make nearly $2 billion available to markets hit hard by the foreclosure crisis.