Topic: Construction Sector
Orleans Homebuilders gets financing approval
AP News
Orleans Homebuilders, in bankruptcy protection, gets financing approvalThe developer Orleans Homebuilders Inc. said Friday that it has received approval from a Delaware bankruptcy court for financing to continue operating after filing for Chapter 11 protection. The builder said it received interim approval for up to $26 million of a $40 ...
Highlights from the Fed's latest economic survey
AP News
Highlights from the latest Beige Book economic survey of the Fed's 12 regional bank districtsHighlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts. BOSTON ...
Hovnanian CEO: Glut of unsold homes easing
AP News
CEO of homebuilder Hovnanian says market could withstand a 'little' increase in foreclosuresThe CEO of Hovnanian Enterprises Inc. said a modest surge in foreclosures this year wouldn't have a devastating effect on the homebuilder's sales. Ara Hovnanian said new construction and the inventory of homes for sale have ...
Hovnanian swings to profit for Q1
AP News
Homebuilder Hovnanian Enterprises posts $236.2M profit in 1st-qtr on tax gainHovnanian Enterprises Inc. said Tuesday it posted a quarterly profit for the first time since 2006 as the homebuilder benefited from a hefty tax gain. But aside from the $291.3 million gift from Uncle Sam, the builder's ...
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