Builder Horton Swings to Loss in Quarter
Dallas, TX, Jan. 27, 2011 -- D.R. Horton Inc. reported a net loss of $20.4 million, or $0.06 a share, for the quarter ended Dec. 31 compared with a profit of $192 million, or $0.56 a year earlier.
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Ryland Group Reports Loss as Fewer Homes Sold
Calabasas, CA, Jan. 27, 2011 -- The Ryland Group Inc. reported a fourth quarter loss of $19.1 million, or $0.43 a share, compared to net income of $39 million, or $0.88 last year.
Initial Jobless Claims Rise More Than Expected
Washington, DC, Jan. 27, 2011 -- Initial jobless claims surged last week as winter weather in some parts of the country kept workers at home, the Labor Department reported.
AIA Sees Non-Residential Rebound in 2012
Washington, DC, Jan. 26, 2011 -- The American Institute of Architects is predicting that U.S. nonresidential construction activity will decline overall this year but recover in 2012, led by the hospitality and retail sectors.
Chain Store Sales Increase Last Week
New York, NY, Jan. 26, 2011 -- U.S. chain-store sales rose 2.8% last week compared to last year, according to the International Council of Shopping Centers and Goldman Sachs.
Altera Polymers Investing $4M in SC Plant
Seneca, SC, Jan. 26, 2011 -- Ohio-based Altera Polymers is investing about $4 million to refurbish an old Propex plant to be used for formulation technologies in polyolefin, engineered resins and master batch technologies.
New Home Sales in December Beat Estimates
Washington, DC, Jan. 26, 2011 -- Sales of new houses in the U.S. rose more than forecast in December, according to the Commerce Department.
Mortgage Application Volume at Two Year Low
Washington, DC, Jan. 26, 2011 -- Mortgage applications in the U.S. fell last week to the lowest level since November 2008, according to the Mortgage Bankers Association.
DuPont Reports Lower Income, Higher Sales
Wilmington, DE, Jan. 25, 2011 -- DuPont's fourth-quarter earnings declined as increased sales were offset by higher costs.
House Prices Continued To Fall in November
New York, NY, Jan. 25, 2011 -- The prices of single-family homes fell 1.0% in November compared to October, according to the S&P/Case-Shiller home price index released Tuesday.