When the executives at Baltimore's Penza Bailey Architects looked at the company's budget for the year ahead, they realized that the firm was going to come up short. With the recession in full force, and the need for architectural services down, matching the pace of construction, the company had some tough choices to make -- mainly that expenses needed trimming.
Deliveries Up 21% and Revenues Increase 29% Net Loss Narrows Significantly
...Three of the Company's four regions produced higher deliveries. -- The ..."The pace of the recovery is uneven, however, with certain l...), the homebuilding industry, or construction activities; the availability and cost of land in d...
Revenues Increase 11%; Net Loss Narrows Significantly; Net Order Value Increases 18% to $503.1 Million; Backlog Value Up 38%
...-- Three of the Company's four homebuilding regions posted year- over-year... incurred expenses relating to construction defects, including repair costs for allegedly defe... mix, product pricing and construction pace. The Company also believes investors will find hou...
WASHINGTON, Sept. 10 /PRNewswire-USNewswire/ -- Urban Pace, a Washington, DC, real estate sales company, today announced that it has sold out 70% of its project in Friendship Heights in the pre- construction phase. The project, which is known as The Harrison, has sold at prices above $600 per square foot. We are extremely pleased that Urban Pace has achieved such great results in only four months," said Kevin Ash of Ellisdale, which is constructing the project and is an investor.
...* The Company posted a pretax loss of $114.1 million for the fir...), the homebuilding industry, or construction activities; the availability and cost of land in d... mix, product pricing and construction pace. The Company also believes investors will find hou...
BANGOR, Maine -- The drenching rains of the past two weeks slowed the pace of construction a bit as the Bangor Waterfront undergoes further development with new, lighted walking trails and a reoriented, renovated amphitheater and concert facility. The weather has not been cooperative with all the rain we've gotten, but we've been managing pretty well," said Randy Gardner, owner of Gardner Construction Enterprises, the Bangor company which was awarded the bid for the concert construction. "We may be a couple days behind where we'd like to be, but it shouldn't drastically change our timetable.
Randy Sebastian is completely satisfied with his company, Renaissance Homes, building 150 homes a year. Sure, it's not the 350- per-year average the company hit over the last decade, but even if Sebastian could return to those times, he says he wouldn't want to. The most recent economic downturn has taught him that sometimes less really is more. This is the first time since the Great Depression that the country's home construction market hasn't surged in the first year following a recession. Instead growth has been slow but steady. The pace, Portland-area home builders like Sebastian say, supports what they've come to realize is a far more sustainable business model than the approaches they employed in previous flush times.
Fourth Quarter Revenues Increase 20%; Earnings Per Share of $.10 Backlog Value Up 35% to $618.6 Million, Reflecting Growth in All Homebuilding Regions
...-- The Company delivered 2,122 homes, up 6% from the year- earlie...), the homebuilding industry, or construction activities; decisions by lawmakers on federal fisc... mix, product pricing and construction pace. The Company also believes investors will find hou...
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