‘Tax credits! Get your tax credits!’

The Home Builders Association of Richmond last week launched a website that has news about the two federal tax credit programs as well as a listing of new homes for sale in the Richmond region.

Rainwater rules cast cloud over development

Developers are lining up in opposition to new storm water requirements they say will dramatically increase the cost of development in the commonwealth, and may even scare off the sort of large companies that could bring thousands of new jobs.

James River Exteriors wins Home Building Assoc. awards

Three projects by James River Exteriors (JRE) were awarded best in their category at the second annual Home Building Association of Richmond’s (HBAR’s) Excellence in Remodeling 2009 Awards. JRE’s winning entries were for Façade Residential, Outdoor Living and Commercial categories.

Local builder files for bankruptcy protection

Prospect Homes, a local homebuilder for more than 25 years, filed for Chapter 11 bankruptcy Tuesday. The company owes more than $50 million to hundreds of creditors. Many businesses listed as creditors were not surprised by the news, as checks had been late in arriving for at least six months. But several local business owners said they kept working with Prospect after Audi met with them, in part because they wanted future work and had known the company for decades.

Bright spots for homebuilders

Homebuilders have been eerily silent the past few quarters, but for builders in Chesterfield County, the market is starting to turn around. It’s another story on the other side of the River in Henrico, where building activity is still in a deep freeze. Homebuilders around Richmond say the main problem now is that most buyers can’t sell their existing homes.