Business

D.R. Horton closed out its second profitable fiscal year in a row on Sept. 30, despite delivering 20% fewer homes

Alabama's tough new law targeting undocumented Mexican and Central American workers has resulted in a sudden shortage of skilled labor for builders and commercial construction contractors.

The Gores Group, the primary owner of Stock Building Supply, has bought the remaining shares of the LBM company from UK-based Wolseley for an undisclosed sum. 

Builders FirstSource announced the opening of a new location in Riviera Beach (FL) to replace the company’s West Palm Beach location.

Boise Cascade’s Building Materials Distribution division has announced its expansion in Wayne, Mich., outside of Detroit, where it recently moved into larger facilities.

Some of the assets of the Home Team Builders Services,will be auctioned off, but  President Jim Manis said while the window and door divisions will be sold, the truss production operation is still holding its own.

United States Citizenship and Immigration Services (USCIS) reports that they are running out of new H-1B visas and they may soon be unavailable until October 2012, the start of the next fiscal year.

Boise Cascade announced it intends to purchase the assets of Stimson Lumber's mill in Arden, Wash.

84 Lumber agreed to pay over $725,000 as part of a settlement with the California Department of Industrial Relations' (DIR) Division of Labor Standards stemming from a 2009 investigation of labor practices at a state university construction site.

Calculated Risk looks at the beginnings of the housing troubles. Overall the worst performing mortgage loans were made in 2005 and 2006, but the GSEs were operating under a portfolio cap - and most of the terrible loans were private label and securitized by Wall Street.