Housing Giants - October 10, 2008 - (Page 11) held manufacturers — like Hurd — are probably the most stressed.” Latest giants to Downsize Meanwhile, even the largest builders are beginning to exit markets, even though most hate the idea of such reductions in “footprint.” No. 13 Taylor Morrison Homes recently merged its Sacramento and San Francisco Bay divisions. And Dallas-based Centex Corp., No. 3 in Professional Builder’s Giant 400 rankings with $9.2 billion in 2007 housing revenues, pulled out of Denver. “The decision to wind down operations in Denver reflects our efforts to increase relative strength and share in markets that offer the best returns over time,” Centex director of public relations Eric Bruner told Housing Giants. “Denver’s always been a skinny-margin market,” says housing industry consultant and HG columnist John Burns. “That’s not very attractive to the big builders right now, especially when Denver’s land prices are not coming down much.” — Bill Lurz McStain neighborhoodS ceo StepS down Eric A. Wittenberg, president and CEO of McStain Neighborhoods, based in Denver, has stepped down to cut costs after seven years, the company announced. Tom Hoyt, the company’s founder and chairman, has taken over Wittenberg’s responsibilities. Fast Fact: $6.7 miLLion Former KB Home Chief Executive Bruce Karatz will pay about $6.7 million in compensation and interest to KB Home and a $480,000 penalty to the U.S. Treasury, reports The Los Angeles Times. The SEC accused Karatz of partaking in a scheme to back-date stock options and failed to disclose them. www.Housinggiants.com 10.10.08.Housing giants 11 http://www.taylormorrison.com http://www.taylormorrison.com http://www.centexhomes.com http://www.housingzone.com/probuilder/info/ca6398092.html http://www.housingzone.com/probuilder/info/ca6398092.html http://www.mcstain.com http://www.housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - October 10, 2008 Housing Giants - October 10, 2008 Contents Viewpoint News & Moves Market CEO Spotlight Housing Giants - October 10, 2008 Housing Giants - October 10, 2008 - Housing Giants - October 10, 2008 (Page Cover1) Housing Giants - October 10, 2008 - Housing Giants - October 10, 2008 (Page Cover2) Housing Giants - October 10, 2008 - Housing Giants - October 10, 2008 (Page 3) Housing Giants - October 10, 2008 - Housing Giants - October 10, 2008 (Page 4) Housing Giants - October 10, 2008 - Contents (Page 5) Housing Giants - October 10, 2008 - Contents (Page 6) Housing Giants - October 10, 2008 - Viewpoint (Page 7) Housing Giants - October 10, 2008 - Viewpoint (Page 8) Housing Giants - October 10, 2008 - Viewpoint (Page 9) Housing Giants - October 10, 2008 - News & Moves (Page 10) Housing Giants - October 10, 2008 - News & Moves (Page 11) Housing Giants - October 10, 2008 - News & Moves (Page 12) Housing Giants - October 10, 2008 - News & Moves (Page 13) Housing Giants - October 10, 2008 - News & Moves (Page 14) Housing Giants - October 10, 2008 - Market (Page 15) Housing Giants - October 10, 2008 - Market (Page 16) Housing Giants - October 10, 2008 - Market (Page 17) Housing Giants - October 10, 2008 - CEO Spotlight (Page 18) Housing Giants - October 10, 2008 - CEO Spotlight (Page 19) Housing Giants - October 10, 2008 - CEO Spotlight (Page 20) Housing Giants - October 10, 2008 - CEO Spotlight (Page 21) Housing Giants - October 10, 2008 - CEO Spotlight (Page 22) Housing Giants - October 10, 2008 - CEO Spotlight (Page 23) Housing Giants - October 10, 2008 - CEO Spotlight (Page 24) Housing Giants - October 10, 2008 - CEO Spotlight (Page 25) Housing Giants - October 10, 2008 - CEO Spotlight (Page 26) Housing Giants - October 10, 2008 - CEO Spotlight (Page 27)
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.