homebuilders News

Builders Grapple With Land Shortage, Soaring Lumber Costs

LOS ANGELES (AP) — U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready …

Builders Grapple With Land Shortage, Soaring Lumber Costs

LOS ANGELES — U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready land …

Texas Homebuilder Workers’ Comp Group Distributing $500K to Members

Texas Homebuilder Workers’ Compensation Group (THB) announced that 2014 dividend payments to policyholders will total more than $500,000. The program is available only to homebuilders in Texas. Founded in 2004 by members of Hotchkiss Insurance Agency LLC, THB is headquartered …

Ryland to Pay $625K for Stormwater Violations

One of the nation’s largest homebuilders must pay $625,000 to the federal government and seven states, including Maryland, for stormwater violations. The Department of Justice and the federal Environmental Protection agency announced the penalty on Friday against The Ryland Group …

California Homeowners’ Suit Against Builders Revived

A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into foreclosure. Against what it called “the backdrop …