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August 28, 2008 5:32:05 AM CDT

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Stories related to: housing industry

Stories

8 Stories

  • August 2008

    • Housing Crash Spawns Ghost Subdivisions

      Wall Street Journal  |  Aug 2, 08 6:46 AM CDT

      Housing Crash Spawns Ghost Subdivisions

      (Newser) - The housing bust has left ghost towns scattered across the nation, the Wall Street Journal reports. In a tour of half-built or largely empty developments, the paper finds residents who moved in early, only to find themselves leading lonely lives surrounded by eerily deserted homes and weed-strewn lots. One woman who lives on a street with 30 empty houses outside Atlanta notes the upside: she usually has the community swimming pool to herself. More »

      Tags

      housing market  • housing  • housing industry  • housing bubble  • vacant homes

  • July 2008
  • April 2008

    • Congress Cashes In on Subprime Lobby

      Politico  |  Apr 9, 08 1:34 PM CDT

      Congress Cashes In on Subprime Lobby

      (Newser) - The subprime crisis isn’t bad for everyone: congressmen and lobbying firms are doing great, Politico reports. Industries caught in the crunch have drastically scaled up their campaign contributions, and dozens of new lobbying firms have sprung up to cash in. Securities and investment PACs, for example, have already given more in 2008 than they gave throughout the midterm elections in 2006. More »

      Tags

      subprime crisis  • lobbyists  • lobbying  • stimulus package  • housing industry  • housing legislation

  • February 2008

    • Soaring Costs Force Workers Out of Key West

      Los Angeles Times  |  Feb 10, 08 5:58 PM CST

      Soaring Costs Force Workers Out of Key West

      (Newser) - High Key West housing costs are sparking an exodus of residents and leaving the island's tourists with too few people to serve them, the Los Angeles Times reports. Some 2,000 workers have fled in the past 7 years, a crushing blow to a county that houses 75,000 residents but serves 2.25 million overnight tourists each year. More »

      Tags

      US economy  • workers  • housing industry  • service industry  • Florida Keys

  • December 2007

    • Comcast's Growth Slows

      Wall Street Journal  |  Dec 5, 07 2:13 PM CST

      Comcast's Growth Slows

      (Newser) - Comcast believes its business will fall short of predictions as a declining economy and strengthened competitors slow the cable giant’s growth. The Wall Street Journal reports the firm will add 500K fewer subscribers than it had previously expected, and expects to pay out 5% more in capital spending than predicted by earlier forecasts. The firm's shares have fallen 30% this year. More »

      Tags

      cable TV  • Comcast  • DirecTV  • housing industry  • cable industry  • Brian Roberts

  • November 2007

    • Subprime Nightmare to Get Worse

      Wall Street Journal  |  Nov 24, 07 2:28 PM CST

      Subprime Nightmare to Get Worse

      (Newser) - The subprime mortgage crisis is only just beginning, new data suggests. Hundreds of billions of dollars in subprime adjustable-rate mortgages are due to reset to higher rates in the year ahead, reports the Wall Street Journal . Analysts say this means the steep rise in defaults and foreclosures this year may be just the crest of a wave.  More »

      Tags

      US economy  • subprime mortgages  • foreclosure  • mortgage  • homeowners  • housing industry

  • October 2007
  • September 2007

    • August Home Price Plunge Is Biggest Since 1970

      Bloomberg  |  Sep 27, 07 12:44 PM CDT

      August Home Price Plunge Is Biggest Since 1970

      (Newser) - New-home sales fell 8.3% in August, Bloomberg reports, a greater decline than predicted. Housing prices fell over last year, with the 7.5% decrease the biggest drop since 1970. Sales fell to an annual pace of 795,000, lowest in seven years. And that may not signal the housing market’s nadir: One CEO said the industry won’t bottom out until late 2008. More »

      Tags

      subprime mortgages  • Fannie Mae  • borrowers  • home sales  • default  • housing industry

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