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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Beachside Bill who wrote (58759)	8/1/2006 6:22:01 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

I don't know what you are trying to say. Everybody knows MANY MAJOR BUILDERS went under last cycle. My problem is I don't know who they were because I was not in the industry, and of course, they are gone now. I was under the impression William Lyon was one of the major flameouts of that time. I see a lot of articles from WSJ and others that say this: Fifteen years ago, when housing markets in parts of the country slumped, some large home builders ended up in bankruptcy court. realestatejournal.com If you are under the impression that no large builders ever went under, because TOL and RYL never went BK I think that is flawed analysis.

To: Beachside Bill who wrote (58759)	8/1/2006 6:26:16 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

Here you go.... NVR Inc., is one of the largest homebuilders in the United States, with operations in 11 states, primarily in the East, and a large share of that business in the Washington, D.C., area. The company builds, sells, and finances new homes. Its homebuilding unit sells and constructs homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes, and Rymarc, while NVR Mortgage oversees a variety of financing programs as well as settlement and title services for buyers. Having weathered a rough patch in the 1990s that culminated in a bankruptcy filing, NVR had fully restructured and reemerged by the early 2000s. In 2004, the company reported solid gains that included revenues of $4.3 billion, a 17 percent increase over the previous year. referenceforbusiness.com