On March 20, I posted about not holding my breath for a Toll Brothers' development in Warrenton (Fauquier County).
It's now "OPENING SUMMER 2007!"
In other homebuilder news today, Moody's cut Hovanian and Beazer further into junk territory, and Hovnanian reported a third straight loss.
"The housing market weakened in the latter part of the second quarter and the slower conditions have continued into May." [CEO Ara Hovnanian] also said the company won't give earnings forecasts anymore because housing market conditions have become increasingly uncertain."On Tuesday, NVR was downgraded by Bank of America. Analyst Daniel Oppenheim's reasoning (from AP):
NVR makes more than half of its revenue and nearly three-quarters of its profits in Washington and Baltimore, Oppenheim said. He expects home sale in those markets to worsen and NVR's margins to fall.
"Our May survey pointed to a 4th straight month of weak traffic in D.C., after improvement from November to January," he said. "In 2005, similar weakening trends in Washington preceded a 28 percent decline in the stock." He added the company to his "least favorites" list of home builders.
Old Post:
COMING SPRING 2007!Warrenton Chase is Fauquier County's most spectacular new community of luxury single-family homes on 1/2-acre home sites, nestled among the gentle rolling hills of Virginia countryside. This exciting new community, just minutes from downtown Warrenton, features miles of hiking & biking trails, hundreds of acres of open space, neighborhood Recreation Center with a swimming pool and tot lots.
I've been watching the seasons and the big red statement change through the past year. First it was COMING SPRING 2006! Then COMING SUMMER 2006! Fall 2006! Winter 2007!
4 comments:
That house is a monstrosity.
Agreed.
Mr. Toll needs to totally re-define luxury. (Not only aesthetically, but also in terms of energy and water-saving).
Centex and Brookfield at least have some more pleasing/innovative facades.
This is funny.
I don't have anything against large homes, but having too big of a house implies the owner is trying to compensate for something. Anyone know an owner of a large house that actually uses most of it?
Style is another thing. The house in the picture is at least uniform, but many newer houses have facades divided into regions and they are completely different from one another. Most of them don't look that nice, in my opinion.
It's hard to beat the utility and appeal of a brick ranch on a nice size plot of land. I want ot live in the house, not cement my status in society with it.
I'm a fan of nice and unique architecture so long as it offers utility. But even for my mid- to large-sized family I don't see needing a house much above 2000 sq ft.
Post a Comment