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The company plans to use some of its $2 billion in cash to fuel growth.
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Builder posts 18% margins in 2Q, outshining its peers.
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Margins remain thin at California-based public builder.
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Fairfax, Va.-based builder sells stock to pay off debt.
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The Indianapolis-based builder of entry level homes closes its doors after 26 years.
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After a 15-year career with Ryland, the company's white knight steps down.
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Several large, public production builders took their turns in the limelight Monday, detailing how they're coping with what some are calling the worst home building market in history and how they plan to thrive coming out the other side.
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Experts see a moderate decline in rates before yearend but note that the fundamentals still point to continuing malaise in the housing market.
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Pierce Homes of Carolina shuts down after 26 years.
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With the industry on the rocks, Fitch Ratings’ outlook for 2008 and 2009 foresees more bad news.