All articles tagged with #homebuilder
Originally Published 2 years ago — by Bloomberg
Japanese homebuilder Sekisui House Ltd. has agreed to acquire US homebuilder MDC Holdings Inc. for $4.9 billion, marking a significant move in its efforts to diversify beyond Japan and signaling a trend of larger M&A deals in the industry.
Originally Published 2 years ago — by PR Newswire
Sekisui House, a top-tier house manufacturer in Japan, has announced a definitive agreement to acquire M.D.C. Holdings, one of the leading homebuilders in the U.S., in an all-cash transaction valued at $4.9 billion. The acquisition will create the fifth largest homebuilder in the U.S., expanding Sekisui House's presence and advancing its global vision to "make home the happiest place in the world." The transaction is expected to accelerate Sekisui House's goal of supplying 10,000 homes outside of Japan by FY2025 and bring enhanced capacity to deliver single-family houses to meet growing U.S. housing needs.
Originally Published 2 years ago — by The Dallas Morning News
D.R. Horton, the largest homebuilder in the United States, announced that CEO David Auld will step down and become executive vice chair of the company's board of directors on October 1. Paul Romanowski, the co-chief operating officer, will take over as president and CEO. Founder Donald R. Horton will continue as chairman of the board but will no longer serve as an executive officer. The company did not provide a reason for Auld's departure. Romanowski has been with the company for 20 years and is praised for his leadership and performance. D.R. Horton achieved significant growth and operational improvements under Auld's tenure.
Originally Published 2 years ago — by Yahoo Finance
US stocks closed lower as investors worry about a potential US debt default, with the S&P 500 down 0.73% and the Dow Jones Industrial Average falling 0.77%. The Federal Reserve released minutes showing officials were divided on the future of interest rate increases. Meanwhile, shares of Palo Alto Networks rose more than 7% after the cybersecurity company reported better-than-expected earnings, and Toll Brothers beat expectations as mortgage rates stabilized and improved buyer confidence boosted demand. Kohl's Corporation also posted a surprise profit for the first quarter, while PacWest Bancorp shares sank more than 2% after the bank sold its real-estate lending arm.
Originally Published 2 years ago — by FOX 13 News Utah
A sinkhole that formed in a Kaysville housing development earlier this week has grown even bigger since flooding destroyed the road. Homes were evacuated early Wednesday morning along Orchard Ridge Drive and Mountain Road when water began rushing down the street. The process of repairing the damage along Orchard Ridge Drive could take months. Homebuilder Ivory Homes said no injuries were reported, but said the flooding impacted 11 homes which were mostly under construction.