|
BusinessWeek Special - Bonfire of the Builders |
|
Saturday, 04 August 2007 |
|
BusinessWeek - Cover Stories
Top Story
 Bonfire of the Builders
How they helped bring on the housing crisis—and how far the damage will spread
BusinessWeek Executive Editor John Byrne and Banking Editor Mara Der Hovanesian discuss how by rushing into the mortgage business big-time, homebuilders helped fuel the housing crisis. Now they’re hurting—and so is Wall Street
Read more: Bonfire Of The Builders
Chart: Builders' Woes
Homebuilding Sector Performance
| Rank |
Company Name |
Market Capitalization ($M) |
Total Return (%) YTD |
% Growth in New Orders |
% Growth in New Home Closings |
% Chg.in Avg. Price of Homes Closed |
| 1 |
D.R. Horton |
5,496.9 |
-33.2 |
-36.7 |
-22.1 |
-6.52 |
| 2 |
Pulte Homes |
5,237.1 |
-38.0 |
-20.8 |
-37.0 |
-1.79 |
| 3 |
Lennar Corporation |
5,076.1 |
-38.7 |
-27.2 |
-2.8 |
-7.06 |
| 4 |
Centex Corporation |
4,692.6 |
-30.5 |
-21.1 |
-14.2 |
0.00 |
| 5 |
Toll Brothers |
3,658.2 |
-26.7 |
-33.5 |
-17.0 |
-1.96 |
| 6 |
NVR |
3,225.4 |
-10.8 |
7.8 |
-9.6 |
0.51 |
| 7 |
KB Home |
2,882.4 |
-36.6 |
-12.0 |
-15.8 |
-5.43 |
| 8 |
M.D.C. Holdings |
2,113.7 |
-18.2 |
-32.7 |
-37.4 |
2.01 |
| 9 |
Ryland Group |
1,375.0 |
-39.6 |
-25.7 |
-35.2 |
1.02 |
| 10 |
Standard Pacific Corp. |
1,027.5 |
-40.6 |
-21.6 |
-24.5 |
1.98 |
| 11 |
Hovnanian Enterprises |
689.5 |
-57.2 |
-23.3 |
-15.1 |
7.41 |
| 12 |
Beazer Homes USA |
656.5 |
-64.1 |
-3.3 |
-35.8 |
-4.11 |
| 13 |
Brookfield Homes Corporation |
629.0 |
-36.7 |
26.0 |
-22.9 |
10.88 |
| 14 |
Meritage Homes Corporation |
562.3 |
-55.1 |
-20.0 |
-29.0 |
-4.18 |
| 15 |
WCI Communities |
516.3 |
-35.9 |
-41.0 |
NA |
NA |
| 16 |
M/I Homes |
361.0 |
-32.6 |
-17.2 |
-15.4 |
2.35 |
| 17 |
TOUSA |
194.9 |
-67.9 |
-16.5 |
-2.3 |
1.92 |
| 18 |
Tarragon Corporation |
181.3 |
-48.1 |
-38.6 |
-46.8 |
1.24 |
| 19 |
Levitt Corporation |
170.7 |
-25.0 |
NM |
-17.5 |
26.39 |
| 20 |
Orleans Homebuilders |
145.2 |
-58.1 |
6.6 |
-39.7 |
2.91 |
| 21 |
Dominion Homes |
38.8 |
-13.8 |
-54.1 |
-47.6 |
5.15 |
| 22 |
Comstock Homebuilding Companies |
29.2 |
-63.1 |
-60.3 |
17.0 |
0.92 |
| 21 |
Sector Median |
673.0 |
-37.4 |
-21.6 |
-22.1 |
1.02 |
* data as of 7/24/2007
** The 2007Q1 period is intended to reflect performance from 1/1/2007-3/31/2007. Actual fiscal period may vary by company.
Source: SNL Financial, Charlottesville, VA
Features: Bonfire Of The Builders
Online Extra: Slide Show: Built to Disappoint
Online Extra: Table: Predatory Builders -- Homebuilding Sector Performance
You Call This A Home?
Online Extra: Using the Web to Fight Shoddy Builders
Online Extra: Slide Show: Angriest Real Estate Gripe Sites
Another Reason For Those Empty Houses
Online Extra: Video: Housing Woes
The Pain Moves Beyond Subprime
Online Extra: Video: Market Volatility
Seeking A Safer Financial Harbor
Commentary: Lessons From Credit Disasters Past
The Buyout Boom's Dark Side
Sometimes Merger Math Just Doesn't Add Up
Cover Story Podcast - http://www.businessweek.com/mediacenter/qt/podcasts/
cover_stories/covercast_08_02_07.mp3
http://www.businessweek.com/magazine/content/07_33/b4046601.htm?chan=rss_topStories_ssi_5
|
Home 
