Monday
Jan302012
Good News All Over
January 30, 2012Lots of things to report on today:
- Jon Lansner in the OC Register reports that there's a full-fledged economic recovery going on in Orange County.
- Earlier this month, we noted that the ravaged Phoenix housing market might be on the verge of a turnaround. Today, the SF Chronicle's website asks if San Francisco is becoming a seller's market.
- Westlake Village-based Ryland Group reported its first profitable quarter without tax assistance since 2006. The company reported fourth-quarter net income of $812,000, or 2 cents a share, compared with a loss of $19.1 million, or 43 cents, a year earlier.
- National homebuilder D.R. Horton also posted a profit in its first fiscal quarter as more buyers came to the new-home market, including those who were once hunting for distressed properties. Horton's quarterly profit of $27.7 million, or 9 cents a share, compares with a loss of $20.4 million, or 6 cents a share, in the year-ago quarter.
- Lennar's Stuart Miller told CNN that the company is starting to see a housing recovery across the nation.
- And from a trade pub for the mortgage default servicing industry comes this headline: Housing Crisis to End in 2012 as Banks Loosen Credit Standards.