International Business News - homes http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Homebuilder Pulte Homes Inc. said Friday it entered a new credit agreement which cuts its borrowing capacity by 25 percent. The agreement cuts its borrowing capacity to $1.2 billion from $1.6 billion. It also reduces the credit facility's uncommitted accordion feature to $1.75 billion from $2.25 billion and fixes the debt-to-capitalization ratio limit at 55 percent. http://www.ibtimes.com/articles/20081121/pulte-homes-borrowing-capacity-gets-cut.htm Fri, 21 Nov 2008 17:40:15 EST The number of new and resale homes sold in October and median prices, with annual percentage changes, in selected California counties: COUNTY Units Sold Percent Change Median Price Percent Change http://www.ibtimes.com/articles/20081120/california-home-sales-and-median-prices-in-october.htm Thu, 20 Nov 2008 19:49:38 EST Despite an increasingly uncertain economy, homebuyers in California kept snatching up foreclosed homes last month, dragging down the median home price by 34 percent from a year ago, a real estate tracking firm said Thursday. http://www.ibtimes.com/articles/20081120/california-median-home-price-drops-34-percent.htm Thu, 20 Nov 2008 19:47:41 EST Despite an increasingly uncertain economy, thousands of homebuyers around San Francisco Bay kept snatching up foreclosed homes last month, dragging down the median home price by 41 percent from a year ago, a real estate tracking firm said Thursday. http://www.ibtimes.com/articles/20081120/norcal-median-home-price-plummets-41-percent.htm Thu, 20 Nov 2008 14:58:21 EST Shares of Meritage Homes Corp. plunged Monday after a UBS analyst downgraded the homebuilder to "Neutral" from "Buy." In a research note, David Goldberg said the Scottsdale, Ariz.-based company's stock is fairly valued following a 52 percent rally in Meritage shares since Oct. 28. By comparison, shares of other publicly traded homebuilders have shed 16 percent on average, Goldberg noted. http://www.ibtimes.com/articles/20081110/meritage-homes-shares-slide-following-downgrade.htm Mon, 10 Nov 2008 19:43:31 EST Shares of Beazer Homes USA Inc. plunged more than 17 percent Monday after the homebuilder disclosed home closings in the fiscal fourth quarter declined and revealed it is analyzing whether its ability to fully reap tax benefits from prior losses could be in jeopardy. http://www.ibtimes.com/articles/20081110/beazer-homes-says-home-closings-fell-in-4q.htm Mon, 10 Nov 2008 22:03:21 EST Whether it's the snowy slopes of Colorado, the blue waters of Miami Beach, or the picturesque golf courses of Hilton Head Island, finding a quality vacation rental is becoming easier every day. http://www.ibtimes.com/articles/20081107/rent-out-your-vacation-home-for-extra-income.htm Fri, 07 Nov 2008 11:43:46 EST Shares of Pulte Homes Inc. fell Monday after a Citigroup analyst downgraded the homebuilder to a "Hold" from a "Buy." In a client note, analyst Josh Levin said he downgraded the Bloomfield Hills, Mich.-based builder because it appears overvalued. http://www.ibtimes.com/articles/20081103/pulte-shares-fall-on-analyst-downgrade.htm Mon, 03 Nov 2008 19:20:32 EST Land developer and homebuilder Brookfield Homes Corp. said Thursday it swung to a loss in the third quarter amid falling home prices, tough lending standards and eroded consumer confidence. http://www.ibtimes.com/articles/20081030/brookfield-homes-swings-to-3rd-quarter-loss.htm Thu, 30 Oct 2008 17:17:46 EDT Home builder Pulte Homes Inc. said Tuesday that its founder and chairman recently sold 760,000 shares of company stock to satisfy margin calls related to loan agreements that involved family members and a charitable group. http://www.ibtimes.com/articles/20081028/pulte-homes-says-founder-sold-big-chunk-of-shares.htm Tue, 28 Oct 2008 18:35:28 EDT Among the stock activity stories for Tuesday, Oct. 28, from AP Financial News: SCOTTSDALE, Ariz. (AP)--Shares of Meritage Homes Corp. lost more than a third of their value Tuesday, a day after the company reported a big loss in the third quarter brought on by tumbling home sales and prices, and after Credit Suisse cut its price target on the homebuilder. http://www.ibtimes.com/articles/20081028/movers-roundup-meritage-homes-wms-industries.htm Tue, 28 Oct 2008 14:56:34 EDT Shares of Meritage Homes Corp. lost nearly a third of their value Tuesday, a day after it reported a big loss in the third quarter brought on by tumbling home sales and prices, and after Credit Suisse cut its price target on the homebuilder. http://www.ibtimes.com/articles/20081028/meritage-homes-shares-fall-on-earnings-price-cut.htm Tue, 28 Oct 2008 19:34:56 EDT Meritage Homes Corp. said Monday its net loss widened in the third quarter, as home sales and prices continued to tumble. Meritage said it lost $144 million, or $4.69 per share, in the quarter ended Sept. 30, compared with a loss of $118.6 million, or $4.52 per share, in the same quarter last year. Revenue tumbled to $374.8 million from $578.6 million a year ago. http://www.ibtimes.com/articles/20081027/meritage-posts-wider-3q-loss-on-housing-market.htm Mon, 27 Oct 2008 17:56:12 EDT Pulte Homes Inc.'s CEO said Thursday a housing market turnaround isn't likely anytime soon and called on lawmakers to enact another round of tax incentives to spur would-be homebuyers worried about the declining U.S. economy. http://www.ibtimes.com/articles/20081023/pulte-homes-ceo-housing-turnaround-a-ways-off.htm Thu, 23 Oct 2008 17:58:42 EDT Among the earnings stories for Wednesday, Oct. 22, from AP Financial News: Pulte Homes Inc. says its third-quarter loss narrowed from the prior-year period, but the homebuilder's revenue plunged and it had to book charges on land and unsold inventory amid a deteriorating housing market. http://www.ibtimes.com/articles/20081022/earnings-roundup-pulte-homes-allstate.htm Wed, 22 Oct 2008 18:53:17 EDT Pulte Homes Inc. said Wednesday it managed to narrow its loss in the third quarter, but the homebuilder's revenue plunged and it had to book more charges on land and unsold homes as housing market woes and a weakening U.S. economy kept more buyers on the fence. http://www.ibtimes.com/articles/20081022/pulte-narrows-3q-loss-on-lower-revenue-charges.htm Wed, 22 Oct 2008 18:07:51 EDT Property and casualty insurers are hoping a new facility coming to South Carolina will do for home building what a similar testing facility in Virginia has done for car safety. http://www.ibtimes.com/articles/20081022/new-sc-lab-will-test-full-size-homes-in-wind-hail.htm Wed, 22 Oct 2008 13:42:47 EDT Homebuilder Pulte Homes Inc. is expected to report its eighth consecutive quarterly loss when it discloses its report card for the three months ended in September. http://www.ibtimes.com/articles/20081022/ahead-of-the-bell-pulte-3q-earnings.htm Wed, 22 Oct 2008 06:51:51 EDT Homebuilder Pulte Homes Inc. reports earnings for the third quarter on Wednesday. The following is a summary of key developments related to the period. http://www.ibtimes.com/articles/20081021/earnings-preview-pulte-homes.htm Tue, 21 Oct 2008 21:50:28 EDT Given the prolonged housing slump and the beating the U.S. economy has taken in recent months, you may be surprised to find that one of the more successful stocks this year is a home builder. http://www.ibtimes.com/articles/20081021/pulte-homes-surprisingly-near-top-of-s-p-500.htm Tue, 21 Oct 2008 14:57:41 EDT