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Facing a public backlash, big builder D.R. Horton has decided not to hold on to mining or gas extraction rights under homes it builds and sells.
A Reuters special report says production builders in dozens of states are “hoarding” the rights to oil, gas, and other mineral resources in the ground under the new homes they sell — often without the knowledge of home buyers.
Sinking homes and abandoned mines; Boston land-use regs study; storm-damage niche; more
By John Caulfield. Ara Hovnanian, president and CEO of New Jersey-based Hovnanian Enterprises, was on the line. Smith, who says he had met Ara Hovnanian a few years earlier, kept watch as Hovnanian Enterprises marched into new markets across the country.
By Wendy Leibowitz. Los Angeles-based KB Home announced it had acquired Chicago-based Zale Homes for $33 million, including the assumption of debt. KB Home closed 21,778 homes in the United States in 2002, for gross revenues of a little more than $5 million.
Portland, Ore., growth restrictions; Minnesota energy code takes on backdrafting; new concrete reinforcing; top ten building markets
Hardboard makers face court action, Los Angeles mulls citywide seismic retrofit, a boring story
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