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Toll Brothers reported a net loss of $29.3 million for its third fiscal quarter, but the loss was approximately half of what analysts were expecting, causing CEO Robert Toll to call this a positive sign for both the company and the homebuilding industry.       Reported by Builderonline (9/4/2008)

Comstock Homebuilding Company announced it has entered into an agreement with Branch Banking & Trust Company with regard to $32.7 million of the company’s $144.0 million of secured debt. Under the terms of the Agreement, the Company agreed to cooperate with BB&T with respect to its foreclosure on certain of the Company's real estate assets and BB&T agreed to provide the Company a full release from its obligations with no deficiency liability post-foreclosure. The foreclosure agreement covers properties in Virginia and Atlanta. Comstock will retain pre-sold lots in Atlanta,which are not included in the foreclosure.       Reported by CNN Money (9/2/08)

WCI Communities announced that Ernest J. Scheidemann resigned his position as interim Chief Financial Officer, Vice President and Treasurer effective Aug. 31, 2008. The company has begun the search for a replacement. WCI filed for Chapter 11 bankruptcy protection earlier in August.       Reported by GlobeNewswire (8/29/2008)