John Gittelsohn News
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Toll Brothers Inc., the largest U.S. luxury-home builder, rose in New York trading after reporting the most orders since 2006 and profit that beat estimates.
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A waterfront estate in Greenwich, Connecticut, with a $190 million asking price, believed to be a record for a single U.S. residence, is likely to attract a wealthy individual buyer or a developer, its selling agent said.
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William Lyon Homes rose 2 percent in New York after selling shares to the public at $25 apiece, exceeding its price target as the homebuilder raised $217.5 million.
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William Lyon Homes, a builder that emerged from bankruptcy last year, fell in New York trading after a public share sale and reverse stock split.
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William Lyon Homes, a builder that emerged from bankruptcy last year, raised $217.5 million in a public stock offering that priced above the marketed range.
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Investors seeking single-family homes to rent are buying land and newly-built properties as foreclosures dwindle and existing home prices in the U.S. rise at their fastest pace since 2006.
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American Residential Properties Inc., an owner of single-family rental homes, raised $287.7 million in an initial public offering and closed unchanged after pricing the stock at the bottom of the proposed range.
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Cerberus Capital Management LP is entering the booming market for single-family homes to rent, planning to lend billions of dollars to investors too big for government programs and too small to get Wall Street funding.
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Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened.
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William Lyon Homes, a builder that emerged from bankruptcy last year, seeks to raise as much as $208.8 million in a public stock offering.
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