August 4, 1995 |
A major East Coast home-builder that entered the Southern California housing market just last year has laid off 14 workers in Orange County and San Diego, and closed its San Diego division. Some real estate sources said the home-builder, Hovnanian Enterprises Inc., may scale back its Southern California operations even more in the wake of declining home sales and housing prices here, but Nick Pappas, president of the company's Newport Beach division, insisted that Hovnanian is "here to stay."
February 11, 1996 |
The names William Lyon, Jim Peters, Kathryn Thompson and the Baldwins have always been golden when it comes to home building in Orange County. But for the identities of the building powerhouses of tomorrow--look to Wall Street. In what essentially is a "Wal-Martization" of the local real estate industry, major national firms such as Lennar Corp., K. Hovnanian Enterprises Inc. and Centex Corp. are flexing their muscles in Orange County's housing market.