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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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Horton reports 4Q, year-end results

 

Fort Worth-based D.R. Horton Inc. reported a profit of $139.5 million, or 40 cents per share, in its fiscal fourth quarter. Company officials said the results indicate home values across the country are increasing.
The company had reported a profit of $100.1 million, or 30 cents per share, in the same quarter a year earlier.


Home building revenue was $1.8 billion, up from $1.3 billion in the same quarter in 2012. However, the company also reported that orders for new homes had slipped in quarter.


Net income for the fiscal year ended Sept. 30, 2013 was $462.7 million, or $1.33 per diluted share, compared to $956.3 million, or $2.77 per diluted share, in fiscal 2012. The results in fiscal 2012 included a non-cash tax benefit of $753.2 million from a reduction of the company's valuation allowance on its deferred tax assets. Homebuilding revenue for the fiscal year ended Sept. 30, increased 44 percent to $6.1 billion from $4.2 billion in fiscal 2012. Homes closed in fiscal 2013 increased 28 percent to 24,155, compared to 18,890 homes in fiscal 2012.
 

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