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October 11, 2008 9:11:26 AM CDT

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Stories related to: home builders

Stories

6 Stories

  • August 2008

    • Construction Theft Is Building Concern

      New York Times  |  Aug 28, 08 9:33 AM CDT

      Construction Theft Is Building Concern

      (Newser) - Increasing theft of building materials from construction sites, especially residential projects, is driving up the cost of homes to consumers as much as 10%, the New York Times reports. Experts say as much as $5 billion a year is being lost to thieves looking to profit from skyrocketing prices for building materials and metal prices. More »

      Tags

      crime  • theft  • construction  • law enforcement  • metal prices  • home builders  • copper  • commodity prices

  • April 2008

    • Critics: Senate Plan Not Enough

      Los Angeles Times  |  Apr 3, 08 11:55 AM CDT

      Critics: Senate Plan Not Enough

      (Newser) - The Senate’s first major step toward trying to make sense of the US mortgage mess is a needed salve to businesses caught in the chaos, but it doesn’t go far enough to help homeowners, critics say. Lawmakers contend the plan is a start toward addressing a multitude of problems resulting from a devastating housing slump, reports the Los Angeles Times. More »

      Tags

      housing crisis  • subprime crisis  • foreclosure  • mortgage crisis  • home builders

  • December 2007
  • October 2007

    • CA Fires Won't Harm Economy in Long Term

      Los Angeles Times  |  Oct 24, 07 12:15 PM CDT

      CA Fires Won't Harm Economy in Long Term

      (Newser) - California’s runaway wildfires are not likely to do longterm damage to the state’s economy, the Los Angeles Times reports—in fact the disaster could be a boon to some sectors. One of those is construction: In the first nine months of the year, construction jobs were down 3% from the previous year; a massive, insurance-backed rebuilding effort could revive the business.  More »

      Tags

      California  • US economy  • recession  • wildfires  • construction  • insurance  • home builders

    • Top Chicago Homebuilder Goes Bankrupt

      Chicago Tribune  |  Oct 24, 07 5:16 AM CDT

      Top Chicago Homebuilder Goes Bankrupt

      (Newser) - Neumann homes, a top Chicago homebuilder, will file for Chapter 11 bankruptcy protection, the Chicago Tribune reports, making it the second-largest builder felled by the dive in the housing market. The company has laid off all but 20 of its 110 workers. “I’m not overly optimistic about the future of this industry right now,” said CEO Ken Neumann. Other area builders could follow, Bloomberg warns. More »

      Tags

      subprime mortgages  • Chicago  • housing market  • housing crisis  • Detroit  • home prices  • housing starts  • housing industry  • home builders

    • Market Down, But News Is Good

      Wall Street Journal  |  Oct 3, 07 3:48 PM CDT

      Market Down, But News Is Good

      (Newser) - Stocks fell today as the tech sector dragged the Dow down 79.26 points to 13,968.05—but the mood was upbeat nonetheless, as a jobs survey fueled hopes  that payrolls began to rebound in September. All eyes are on a key hiring report coming out Friday; good news would solidify confidence that the credit crunch is finally easing. "People are posturing for the big payroll report," one analyst told the Wall Street Journal . "If jobs are OK and the consumer stays strong, the worst may be behind us." More »

      Tags

      Dow Jones  • S&P 500  • Nasdaq  • Intel  • home builders  • Micron Technology

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