Spending fall comes with seven year low
US construction spending fell 0.6 percent in July as private home building reached a more than seven year low, a Commerce Department report has shown.
Writedowns force Toll Brothers to 3Q loss
Luxury homebuilder Toll Brothers has revealed its fourth straight quarterly loss as writedowns cut a whole in its third quarter results.
Beazer Homes’ shares surge
Shares of Beazer Homes USA Inc surged more than nine percent on September 2, despite new data showing home construction spending fell in July to the lowest level in seven years.
Woodside Homes files for Chapter 11
Woodside Homes, one of the country’s largest privately owned residential builders, has filed for bankruptcy as reports claim it carries more than US$700 million in debt.