While some economic indicators suggest the housing market may be stabilizing, such improvements (if they are indeed signs of the recovery) haven’t shown up in public builders’ financial reports. Home building companies continue to report eroding margins, even as they whittle away at their standing inventory and market aggressively to first-time home buyers. For the latest on Centex, D.R. Horton, St. Joe Company, and Brookfield, see the story links below.
Centex Earnings: A Mixed Picture
D.R. Horton Execs Explain Moves on Debt
Brookfield Reports $10 Million 1st-QTR Loss
Alison Rice is senior editor, online, at BUILDER magazine.
