Residential Tuesday 2008.0506
ArchitectureWeek Editors
editor at architectureweek.com
Wed May 7 15:10:32 PDT 2008
Dear Designers, Builders, and Dwellers,
Residential Tuesday brings you top housing news and analysis weekly
in this free email newsletter from the editors of ArchitectureWeek.
With home prices continuing to drop and the pace of home sales
slowing further, nobody has been looking for encouraging
results from homebuilders.
On May 6, D.R. Horton (DHI), the last of the major
homebuilders to report earnings for the March quarter, posted
a larger-than-expected net loss of $1.3 billion, or $4.14 per
diluted share, compared with a profit of $51.7 million, or 16%
per share, a year ago. Revenue dropped 38.5% a year ago to
$1.6 billion.
The results fell far short of analysts' estimate of a net loss
of 43% per share for the second quarter on revenue of $1.36
billion. The shares were trading 2.1% lower at 15.63.
...The latest impairments take Horton's total impairments to
date to $2.7 billion, or 31.6% of its assets, according to a
research note by Soleil Equity Research on May 6. While the
company will probably have to take additional impairments in
future quarters, Soleil analyst Anna Torma said she expects
their size to begin to decline. But she warned that the
write-offs could be substantially higher if economic
conditions continue to deteriorate.
Homebuilders: Waiting for the Thaw - MSNBC, 2008.0506
http://www.msnbc.msn.com/id/24484490/
Residential Design and Building News
------------------------------------
An Architectural Melting Pot - Newsday, 2008.0507
http://www.newsday.com/community/guide/lihistory/ny-historyhome-eastend,0,706578.story
In England, at Home in a Railroad Station - New York Times, 2008.0507
http://www.nytimes.com/2008/05/07/greathomesanddestinations/07gh-england.html?_r=1&oref=slogin
D.R. Horton Posts $1.3 Bln Loss; Cuts Dividend - Guardian Unlimited, 2008.0506
http://www.guardian.co.uk/business/feedarticle/7502253
Atlantic Yards Rally Urges for Time Out - Globe St, 2008.0506
http://www.globest.com/news/1151_1151/newyork/170521-1.html
Home Builders Slow to Embrace Green Development, Report Says - Baltimore Business Journal, 2008.0506
http://www.bizjournals.com/baltimore/stories/2008/05/05/daily18.html
Canadian Building Permits Fall to Lowest in 13 Months - Bloomberg, 2008.0506
http://www.bloomberg.com/apps/news?pid=20601082&sid=a4pHGRdXfzrs&refer=canada
Tempus: Brick Building - The Times (London), 2008.0506
http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article3879571.ece
May 6, 2008, 7:53AM Vulcan Materials Cuts 2008 Guidance, Citing Housing Slump - Houston Chronicle, 2008.0506
http://www.chron.com/disp/story.mpl/ap/fn/5757092.html
Leaning Towers - Sustainable Industries, 2008.0505
http://www.sustainableindustries.com/greenbuilding/18671534.html
Brownfields: Prime Time for Growth - Crain's Detroit Business, 2008.0505
http://crainsdetroit.com/apps/pbcs.dll/article?AID=/20080505/SUB/805050305/-1
Midcentury-Modern Home's Future Is in Question - Dallas Morning News, 2008.0502
http://www.dallasnews.com/sharedcontent/dws/fea/fdshops/stories/DN-fdluxe_hometour_0501fas.ART.State.Edition1.331f26.html
Home-Building Industry Woes See Weyerhaeuser Lose $148M in Q1 - Puget Sound Business Journal, 2008.0502
http://www.bizjournals.com/seattle/stories/2008/04/28/daily32.html
U.K. New Home Building at Seven Year Low - Press Association, 2008.0501
http://ukpress.google.com/article/ALeqM5hl0Sznasd_bZyZ7UvTXSJqlGPSLg
Climate Action Now - ArchitectureWeek, 2008.0430
http://www.ArchitectureWeek.com/2008/0430/index.html
Last week in Tackling Climate Change we took a reality check
on the level of challenge embodied in established targets for
reducing emissions of the greenhouse gas carbon dioxide. This
week, we're announcing a new call to action for architecture
firms across the United States and Europe and around the
world...
New Zealand Home-Building Approvals Decline 9.1% - Bloomberg, 2008.0430
http://www.bloomberg.com/apps/news?pid=20601081&sid=aGLYCkvqSYVE&refer=australia
Creative Planning Needed to Mesh Affordable Housing with Open Space - APP.com, 2008.0430
http://www.app.com/apps/pbcs.dll/article?AID=/20080430/OPINION/804300342
Beach House More Than Okay - Sydney Morning Herald, 2008.0430
http://www.smh.com.au/news/house--home/beach-house-more-than-okay/2008/04/30/1209234922220.html
People and Places
by Nancy Novitski
http://www.ArchitectureWeek.com/2008/0430/news_1-1.html
Cadw and Opus International Consultants in Kidwelly,
Wales, United Kingdom - UN Studio in New York, New York
- STH Architectural Group in Boca Raton, Florida -
Teodoro Gonzalez de Leon in Mexico City, Mexico -
Ellerbe Becket in Washington, D.C., USA - Allied Works
Architecture with Booziotis & Company Architects in
Dallas, Texas - RNL Design in Fontana, California -
Rafael ViOoly Architects in New York, New York - BC
Architects AIA, Inc. in St. Cloud, Florida -
Quattrocchi Kwok Architects in American Canyon,
California - Steve Martino & Associates and Oasis
Design Group in Phoenix, Arizona - OWP/P in Chicago,
Illinois - Stegenga + Partners in Americus, Georgia -
Sadar Vuga Arhitekti in Ljubljana, Slovenia - Magnusson
Architecture and Planning in New York, New York - GKV
Architects in Greenwich, Connecticut...
... short stories continue online:
http://www.ArchWeek.com/2008/0430/news_1-1.html
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http://www.archweek.com/2008/0430/products_update.html
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Lost Buildings Go Online with City's Website -- Times Colonist, 2008.0430
http://www.canada.com/victoriatimescolonist/news/capital_van_isl/story.html?id=81a70836-e7df-4d6e-8b08-c58f7b750502
Inside the Apple/PA Semi Deal: Micro and Macro Perspectives -- Seeking Alpha, 2008.0429
http://seekingalpha.com/article/74531-inside-the-apple-pa-semi-deal-micro-and-macro-perspectives
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This Week's Quiz -
The beautiful Himeji Castle was rebuilt and expanded
starting in the late 1500s, during a period when Japan
was in a continuous state of civil war. The building has
a massive stone wall foundation and upper walls of
compacted flame-resistant plaster. This plaster was
developed in response to what technology introduced by
Portugal after 1543?
http://www.ArchitectureWeek.com/2008/0430/quiz.html
Architecture Answer - for last issue's quiz...
True or false:
A. The pagoda and pailou (memorial arch) now associated
with Chinese architecture were originally introduced to
China from Japan.
B. The finest remaining examples of elegantly bracketed
wood temples in the Tang style (China, 618-907) are
found outside of China.
http://www.ArchitectureWeek.com/2008/0430/answer.html
Classic Home 027 - Colonial by by R. C. Hunter & Bro.
http://www.ArchitectureWeek.com/2008/0430/classic_home.html
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