Sunday, February 24, 2013

Homebuilder Taylor Morrison doubles IPO size | Reuters

Record-low mortgage rates and rising selling prices have driven up demand to levels that the large U.S. builders are struggling to meet, creating room for smaller companies.

Shares of Tri Pointe Homes LLC, which last month became the first U.S. homebuilder to go public in over a decade, and those of plywood and lumber maker Boise Cascade Co surged in their market debut over the last three weeks.

Read more: Homebuilder Taylor Morrison doubles IPO size | Reuters

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