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Builders find US investors eager to finance housing

from Bloomberg Businessweek

Joel Shine, chief executive officer of Woodside Homes, raised $228 million in a debt and equity recapitalization in October, two years after the Salt Lake City-based builder exited bankruptcy. Investment bankers now are pushing closely held Woodside to sell stock publicly or issue debt as the home-construction industry bounces back from the real estate crash, he said. "I hope the housing market is as good as the capital market seems to think it is," Shine, who builds in Arizona, California, Nevada, Texas and Utah, said in a telephone interview. "Right now, housing is the pretty girl at the bar." more

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