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ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration
Emerald Homes
Friday, 04 November 2005
Emerald Homes 
News and Updates:
July 19, 2001 Horton completes Emerald acquisition  Home builder picks up 715 homes under contract Inman News Features  The Emerald assets acquired include a backlog of 715 homes under contract that totaled approximately $130 million at June 30, 2001.

June 3, 2001 Big Texas builder gets bigger  D.R. Horton to buy Houston's Emerald Builder 
Inman News Features 

May 29, 2001 Getting It Built Copping An Attitude: War of Words By Matthew Power Builder Online. 

"Brian Binash, executive vice president of Emerald Homes in The Woodlands, Texas, tells any client who refuses to sign his company's arbitration clause to go elsewhere. He says they will continue the practice, even if (and when) the roaring economy slows down."

Mar 30 2001: Testimony heard for Texas Senate Bill SB623 Randy Birdwell, CEO of Emerald Homes spoke in favor of the bill. This bill would provide more protection to builders even if a reasonable offer was not provided prior to a suit (arbitration). Others who testified include:

FOR:
Birdwell, Randy (Texas Association of Builders and Emerald Builders), The Woodlands, TX
Bush, Robert L. (TAB and Dallas HBA), Arlington, TX
Paxson, Stephen (Self), Houston, TX
AGAINST: 
Ahmad, Janet (Home Owners for Better Building), San Antonio, TX
Cobarruvias, John R. (Home Owners for Better Building), Houston, TX
McQuality, Mark S. (Self), Dallas, TX
Stark, Anne P. (Homeowners), Dallas, TX
Turner, Cheryl C. (Self), Dallas, TX
 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


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