Real Estate Development
(AXR) U.S. Home Builders Rated by ValuEngine.com
The housing market continues to struggle as news today indicates that new-home sales fell during July to the lowest level in five months. Sales decreased by 0.7% on a monthly basis to a seasonally adjusted annual rate of 298,000. This is the worst number since February. Sales...
15Sep2011 | valuengine | Comments Off | Continued(DHI) Double Dip in Housing is Official – ValuEngine.com Chief Market Strategist Suttmeier
The latest Case-Shiller data–released today, confirms that housing prices in the U.S. are suffering from a double dip. Home prices fell 4.2% in the first quarter of 2011 and have a hit a new post-bubble low. To make matters worse, 60% of the component cities in the...
1Jun2011 | valuengine | 0 comments | Continued(AXR) Home Sales Take Another Dive – ValuEngine Ratings for Home Builders Show Duress
We had poor home sales data last week–new housing starts came in at their lowest levels since 1974. Today, we got even more. New home sales fell yet again and came in at a new record low. The US Commerce Department–which has been keeping this data set almost...
23Mar2011 | valuengine | 0 comments | Continued(JOE) The St. Joe Company Warning Report Lowers Loss Significantly
The St. Joe Company (JOE), a publicly held real estate company, reported a net loss of $2.7 million or $0.03 per share in the fourth quarter of 2010 compared with a net loss of $58.7 million or $0.64 per share in the year-earlier quarter. Excluding non-recurring items, net gain...
3Mar2011 | vitalstocks | 0 comments | Continued(IRS) UBS AG to Learn of End of IRS Tax Probe
The Internal Revenue Service (IRS) is planning to retire the tax probe against UBS AG (UBS). This decision of IRS follows the Swiss government’s assurance that it is about to deliver the details of the American account holders of UBS AG, who are alleged to have evaded American...
29Aug2010 | vitalstocks | 0 comments | Continued(JOE) St. Joe Company Opens New Florida Airport
The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has recently announced the opening of the Northwest Florida Beaches International Airport, the first new international airport opened in the U.S. since the 2001 terrorist attack. The airport,...
25May2010 | vitalstocks | 0 comments | Continued(JOE) St. Joe Company Reports Quarterly Loss
The St. Joe Company (JOE), a publicly held operationally diverse real estate company, reported a net loss of $59.3 million or 65 cents per share in the fourth quarter of 2009 compared to a net loss of $27.9 million or 31 cents per share in the year-earlier quarter. For full year...
25Feb2010 | vitalstocks | 0 comments | Continued(JOE) St. Joe Company Inks Deal with CB Richard Ellis Group
The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has inked a deal with CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate firm, to sell or lease over 1,000 acres of its land adjacent to the new Northwest Florida...
27Jan2010 | vitalstocks | 0 comments | Continued(INTU) Internal Revenue Service Plans to Regulate Tax Preparers
The Internal Revenue Service (IRS) plans to regulate the U.S tax preparers from the 2011 tax season. This includes mandatory registration, competency testing and continuing education requirements for tax preparers. Tax preparers, such as H&R Block Inc. (HRB) and Jackson Hewitt...
8Jan2010 | vitalstocks | 0 comments | Continued(JOE) The St. Joe Company Sells Non-Strategic Assets
The St. Joe Company (JOE), a publicly held operationally diversified real estate company, recently sold St. Johns Golf & Country Club, an 18-hole daily fee course, clubhouse and maintenance facility, for $2.4 million. The asset was sold to Billy Casper Golf Management, a...
30Dec2009 | vitalstocks | 0 comments | Continued(JOE) The St. Joe Company Augments Their Credit Facility
The St. Joe Company (JOE), a publicly held operationally diversified real estate company, has recently increased its credit facility from $100 million to $125 million. The credit facility is scheduled to mature in Sep 2012. The increase in the credit facility was made possible...
27Dec2009 | vitalstocks | 0 comments | Continued(JOE) The St. Joe Company – Bear of the Day
The St. Joe Company (JOE) is one of the largest real estate developers in Florida, which has been hit hard by the downturn in the U.S. housing industry. Large price declines have led to significantly high levels of inventory and operations have deteriorated rapidly. St. Joe has...
22Dec2009 | vitalstocks | 0 comments | Continued($JOE) The St. Joe Company – Bear of the Day
The St. Joe Company (JOE) is one of the largest real estate developers in Florida, which has been hit hard by the downturn in the U.S. housing industry. Large price declines have led to significantly high levels of inventory and operations have deteriorated rapidly. St. Joe has...
14Dec2009 | vitalstocks | 0 comments | Continued(JOE) St. Joe Company Sells Perico Island Asset
The St. Joe Company (JOE), a publicly held operationally diverse real estate company, has recently sold its property in Perico Island, Florida for about $8 million to Minto Communities LLC, the U.S. subsidiary of the Canadian real estate company Minto Group Inc. St. Joe had earlier...
8Oct2009 | vitalstocks | 0 comments | Continued