(Reuters) – Britain’s Galliford Try Plc <GFRD.L> said on Tuesday it had restarted preliminary talks to sell its residential units to housebuilder Bovis Homes Group Plc <BVS.L>. If a deal goes through, it would value Linden Homes and Partnerships & Regeneration divisions at about 1.08 billion pounds ($1.33 billion), the two companies said, adding that a potential deal does not imply a merger of the two companies. Bovis was in talks with Galliford to buy its residential units for 950 million pounds earlier this year, but the firms abandoned the deal in May after Galliford said it was not in the interests of shareholders. As part of the new deal, Galliford shareholders will get 0.57406 shares of Bovis Homes for each Galliford share they own, implying a value of 675 million pounds, and Galliford will be paid 300 million pounds in cash. Galliford, known for projects ranging from the redevelopment of the Wimbledon tennis venue to hospitals and city bypasses, has … [Read more...] about Galliford restarts talks with Bovis Homes to sell housing units
Profit selling house
By: Merryn Somerset Webb 12/07/2019 UK house prices are set to tread water while incomes rise, making property more affordable, says Merryn Somerset Webb. The numbers aren’t looking good for residential property investors. House price growth in the US fell to a mere 1% at the beginning of this year, according to the latest report from the Dallas Federal Reserve. Look at global data across the 18 largest economies in the world and things don’t look much more encouraging. This could be the year in which we see “global growth dip to its lowest pace in a decade”. Investment is slowing fast, says Oxford Economics.The UK is no outlier here. The Nationwide index and the Rightmove Asking Prices index show prices and asking prices respectively to be all but flat. The Halifax House Price index shows a better annual number but suggests prices fell mildly in June. You can see the same trend in Hometrack data, which suggests that the falling prices we have … [Read more...] about Good news: UK house prices are stuck in the doldrums
When they sold the company in 2013 to Arizona-based Taylor Morrison Homes, the 25-year-old builder had more than two dozen communities in D-FW and the Houston area."My non-compete was up at the end of the year," Darling said. "Zach's always wanted to build a homebuilding company."We are going to take it good and slow and look for A-plus locations," he said. "We look to continue some relationships we have had for the last 30 years."Until recently Schneider had continued to work with Darling Homes in North Texas as director of land acquisition.Bill Darling parted ways with Darling Homes after the sale and has been working with non-profits and investing in small businesses including a craft brewer in McKinney.But he said he's eager to work with Schneider to create the new housing company.Schneider said Tradition Homes is already looking at building sites. "We are very excited to partner with developers and homebuilders to secure quality lot positions in McKinney, Prosper and Frisco," he … [Read more...] about Startup family homebuilding firm hopes to have D-FW houses going by end of year
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Milton J. Valencia and Tim Logan Globe Staff January 14, 2019 In the thick of an affordable housing crisis that has taken hold across Greater Boston, city councilors have proposed levying fees on high-end real estate deals to help pay for more housing — part of a bold and controversial movement across the region to tax developers who have been profiting off of a historic building boom.The proposal would set a tax of up to 6 percent on many commercial and residential sales over $2 million and establish a “flipping” tax of up to 25 percent on some properties that are sold twice within two years. It’s a bid to stem speculation and profiteering in Boston’s red-hot real estate market, the councilors say, and could raise anywhere from $175 million to $350 million a year. “We are in a crisis,” said City Councilor Lydia Edwards, the … [Read more...] about Amid housing crunch, city officials propose new real estate taxes on ‘flipping’ and sales over $2 million
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Investors Were Spooked About Profits. Now Come the Facts. Supported by After the worst year for stocks in a decade, investors are eager to hear what executives expect in 2019 as companies report fourth-quarter earnings. ByMatt Phillips Jan. 10, 2019 It’s time to see the numbers. Investors are about to get a read on the health of corporate America, as businesses begin releasing quarterly profit reports and laying out expectations for the coming year. The results may resolve a roaring debate on Wall Street that has pitted economists, who have argued that the economy remains healthy, against investors, who pushed stocks to the brink of a bear market over concerns that growth is waning. “As we hear from more companies about how the year ended, we’ll get more color on which side has a … [Read more...] about Investors Were Spooked About Profits. Now Come the Facts.