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After seven consecutive quarters of strong demand, homebuilders in the United States are adjusting to a slowdown in new orders as rising interest rates and economic uncertainty deter buyers. A shortage of land on which to build, as well as
Now, with the market improving, it's proving difficult to restart. Home builders, caught off guard by the suddenness of the upturn, say they're struggling to meet growing demand primarily because they can't find enough lots to put houses on. "
Los Angeles' Museum of Contemporary Art has appointed three new trustees, including Bruce Karatz, the former chief executive of KB Homes who was convicted three years ago on four felony counts of failing to disclose the backdating of stock options.
At a special meeting between the city and developers this week, Ccouncilman Carl Anduri, Vice-mayor Mike Anderson and Mayor Carol Federighi accepted the project's environmental review. But they split 2-1 -- with Anderson opposing -- over changing
While the housing market in the United States continues to recover, there are still many homebuilder stocks selling at very attractive valuations. The full fury of The Great Recession was unleashed upon the real estate sector of the United States.
Feng Shui walks into a model home in Irvine and glances around the room. "You want the front door to be solid, not glass," she says, eyeing the position and color of the door, examining the stairs, checking out the bathroom and inspecting the picture
Lynn Adler 1 hr 1 min ago (Reuters) KB Home (KBH.N) posted a lower fourth-quarter profit on reduced margins, sending shares down as much as 8.5 percent, but said orders for new homes surged and home prices rose in another sign that the beleaguered
The City of Roseville and KB Homes today unveiled a new water and energy efficient community -- complete with the first homes in the nation to earn the Environmental Protection Agency's WaterSense label. WaterSense is an EPA initiative to increase
Builders began work on 550,000 houses at an annual rate, down 0.9 percent from November, according to the median estimate of 61 economists surveyed by Bloomberg News before Commerce Department data on Wednesday. Other reports may show purchases of
Federal probation officials are recommending that former KB Home executive Bruce Karatz spend no time in prison for four felony convictions for fraud related to stock manipulation, according to court documents filed by prosecutors Friday. The United