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related topics |
{loan, real, estate} |
{regulation, change, law} |
{capital, credit, financial} |
{condition, economic, financial} |
{cost, contract, operation} |
{investment, property, distribution} |
{tax, income, asset} |
{debt, indebtedness, cash} |
{competitive, industry, competition} |
{customer, product, revenue} |
{financial, litigation, operation} |
{cost, operation, labor} |
{interest, director, officer} |
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Continued cancellations of home sales contracts may have a material adverse effect on our business.
Increases in interest rates, decreases in the availability of mortgage financing or other changes in market conditions could make it more difficult or costly for customers to purchase our homes.
Competition for homebuyers could reduce our closings or decrease our profitability.
We conduct certain of our homebuilding operations through joint ventures with independent third parties in which we do not have a majority interest, and we can be adversely impacted by joint venture partners failure to fulfill their obligations.
Compliance with regulatory requirements affecting our business could have substantial costs both in time and money, and some regulations could prohibit or restrict some homebuilding activity.
We may incur increased costs related to repairing construction defects in the homes we sell.
An inability to obtain bonding could limit the number of projects we are able to pursue, and we could be adversely affected if we are required to post additional collateral in respect of bonds issued in connection with past construction projects.
General business, economic and market conditions may significantly affect the results of operations of our Financial Services operations.
The mortgage financing industry is highly competitive.
Changes in lending laws could hurt our Financial Services operations.
FACTORS AFFECTING MULTIPLE BUSINESS SEGMENTS
Market conditions in the mortgage lending and mortgage finance industries have worsened significantly in fiscal year 2008, which adversely affected the availability of credit for some purchasers of our homes, reduced the population of potential mortgage customers and reduced mortgage liquidity. Further tightening of mortgage lending or mortgage financing requirements or further reduced mortgage liquidity could have a material adverse effect on our homebuilding and mortgage lending operations and their respective results of operations.
We could be adversely affected by a change in our credit rating or a disruption in the capital markets.
Our income tax provision and other tax reserves may be insufficient if any taxing authorities are successful in asserting tax positions that are contrary to our position.
New federal laws that adversely affect liquidity in the secondary mortgage market could hurt our business.
Reductions in tax benefits could make home ownership more expensive or less attractive.
Failure to comply with the covenants and conditions imposed by our credit facilities could restrict future borrowing or cause our debt to become immediately due and payable.
We may be subject to claims and liabilities in connection with sales of assets or discontinued businesses.
We may not realize our net deferred tax assets.
This report includes various forward-looking statements, which are not facts or guarantees of future performance and which are subject to significant risks and uncertainties.
Full 10-K form ▸
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