President Barack Obama signed into law Friday legislation that extends and expands the Net Operating Loss carryback tax provision and the homeowner tax credit. More
There has been plenty of talk in Washington this week about whether to extend and perhaps even expand the tax credit for home purchases. More
The following article is excerpted from a special report by Remodeling magazine, a sister publication to ProSales. More
The following article is excerpted from a special report by Remodeling magazine, a sister publication to ProSales. More
The following article is excerpted from a special report by Remodeling magazine, a... More
As builders rush to sign contracts and start homes in advance of the Nov. 30 deadline for using the federal housing tax credits for first-time buyers, the NAHB and other groups have begun advocating for an extension. More
BMHC revealed that it had received a $57 million federal tax refund for 2008. About 70% of the refund is being used to reduce borrowings from BMHC's credit agreement. More
Builders FirstSource, the Dallas-based and top 10 ProSales 100 dealer, reported a first quarter net loss of $30.6 million compared to a net loss of $15.8 million during the same period a year ago. It also reported that for the three-month period ended March 31, sales fell 37% to $163.8 million in comparison to 1Q '08 sales of $259.9 million. More
Simonton Windows has recalled 110 employees to two manufacturing facilities, mainly as part of its traditional spring sales revival but also because recent tax credits appear to be spurring more interest in energy-efficient windows. More
Builders FirstSource reported a net loss of $139.5 million in 2008 on a 32.4% drop in sales to $1.04 billion. The net loss for the fourth quarter alone nearly tripled from the previous year to total $58.9 million on a 30.6% decline in sales to $201.3 million. More
