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October 15, 2008 5:51:39 PM CDT

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Stories related to: residential building

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2 Stories

  • March 2008

    • Mortgage Meltdown Hits Small Builders

      Wall Street Journal  |  Mar 21, 08 3:00 AM CDT

      Mortgage Meltdown Hits Small Builders

      (Newser) - The housing market collapse that's sending homeowners into foreclosure is starting to hit small- and medium-size builders left with developments they're unable to sell, the Wall Street Journal reports. Buyers are canceling contracts and builders are missing mortgage payments on often highly leveraged projects. Small regional banks, in turn, could be the next victims. More »

      Tags

      housing market  • subprime crisis  • foreclosure  • mortgage crisis  • mortgage  • bankruptcy  • banking  • construction  • small businesses  • homebuilders  • residential building

    • Construction Spending Tumbles

      Wall Street Journal  |  Mar 3, 08 10:23 AM CST

      Construction Spending Tumbles

      (Newser) - Construction spending fell at its fastest rate in 14 years in January, the Commerce Department announced today, shattering expectations with a 1.7% drop. Analysts had expected just a 0.7% decline, the Wall Street Journal reports. Residential spending was the big drag, falling 2.9%, but non-residential spending was also down and could keep heading in that direction as banks raise commercial loan standards. More »

      Tags

      recession  • housing  • manufacturing  • construction  • Commerce Department  • manufacturing index  • residential building

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