Housing Giants - July 24, 2008 - (Page 10) moves News & Moves By Jennifer Powell, Staff Writer Feds on Prowl For storm water Violations Four of the country’s largest public home builders recently agreed to pay $4.3 million in fines to the Environmental Protection Agency, the U.S. Department of Justice and several state governments for alleged violations of the Clean Water Act. That should raise red flags for builders everywhere. The feds are looking for builders to prosecute; these may be first, but they will not be the last. And all it takes to make you a target is sloppy paperwork and inconsistent processes for storm water management. The federal EPA worked this case for five years. It may be an exaggeration to call it a “sting,” but it was certainly meant to send a message to the entire housing industry. Centex Corp., KB Home, Pulte Homes and MDC Holdings (Richmond American Homes) agreed to pay the fines for allegedly failing to prevent silt and debris-laden runoff from leaving construction sites in 34 states and the District of Columbia. Centex agreed to the largest fine: nearly $1.49 million. KB was penalized almost $1.19 million. Pulte will pay a fine of $877,000 and complete a $608,000 project to reduce sediment entering a Northern California watershed. All IT TAkeS TO mAke yOU A TArGeT IS SlOppy pAperwOrk ANd INcONSISTeNT prOceSSeS fOr STOrm wATer mANAGemeNT. Credit suisse sizes uP the eConomy Kathleen Stephansen of Credit Suisse Holdings analyzes and discusses unemployment numbers, the labor market and the overall economy. Find out why she thinks the Fed has little wiggle room for action. Watch this video from Bloomberg TV. Watch Video 10 HOUSING GIANTS.7.24.08 www.HOUSINGGIANTS.cOm http://www.centex.com http://www.kbhome.com http://www.kbhome.com http://www.pulte.com http://www.pulte.com http://www.richmondamerican.com http://www.clipsyndicate.com/publish/video/635198/in_depth_look_sizing_up_the_economy?wpid=0 http://www.housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - July 24, 2008 Housing Giants - July 24, 2008 Contents Viewpoint News & Moves Process Critical Management Series: Part II Housing Giants - July 24, 2008 Housing Giants - July 24, 2008 - Housing Giants - July 24, 2008 (Page 1) Housing Giants - July 24, 2008 - Housing Giants - July 24, 2008 (Page 2) Housing Giants - July 24, 2008 - Housing Giants - July 24, 2008 (Page 3) Housing Giants - July 24, 2008 - Housing Giants - July 24, 2008 (Page 4) Housing Giants - July 24, 2008 - Contents (Page 5) Housing Giants - July 24, 2008 - Contents (Page 6) Housing Giants - July 24, 2008 - Viewpoint (Page 7) Housing Giants - July 24, 2008 - Viewpoint (Page 8) Housing Giants - July 24, 2008 - Viewpoint (Page 9) Housing Giants - July 24, 2008 - News & Moves (Page 10) Housing Giants - July 24, 2008 - News & Moves (Page 11) Housing Giants - July 24, 2008 - News & Moves (Page 12) Housing Giants - July 24, 2008 - News & Moves (Page 13) Housing Giants - July 24, 2008 - News & Moves (Page 14) Housing Giants - July 24, 2008 - News & Moves (Page 15) Housing Giants - July 24, 2008 - Process (Page 16) Housing Giants - July 24, 2008 - Process (Page 17) Housing Giants - July 24, 2008 - Process (Page 18) Housing Giants - July 24, 2008 - Process (Page 19) Housing Giants - July 24, 2008 - Process (Page 20) Housing Giants - July 24, 2008 - Process (Page 21) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 22) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 23) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 24) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 25) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 26) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 27) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 28) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 29) Housing Giants - July 24, 2008 - Critical Management Series: Part II (Page 30)
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