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October 10, 2008 9:51:31 PM CDT

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Stories related to: homebuilders

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3 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

  • October 2007

    • Housing Starts Plummet to 14-Year Low

      Wall Street Journal  |  Oct 17, 07 9:49 AM CDT

      Housing Starts Plummet to 14-Year Low

      (Newser) - New homes starts fell to their lowest level in 14 years last month, plunging 10%—to an annualized rate of 1.191 million—after expectations of a 4.2% decline. The number followed a 3.2% drop in August, the Wall Street Journal reports. A homebuilders' confidence gauge registered its lowest number since its 1985 inception. Housing continues to get worse and worse,'' a Deutsche Bank economist told Bloomberg. The contraction will go on into at least the middle of next year." More »

      Tags

      interest rate  • Fed  • Consumer Price Index  • housing starts  • confidence  • homebuilders

  • August 2007

    • Builders' Loans Pushed Credit Meltdown

      BusinessWeek  |  Aug 5, 07 7:24 AM CDT

      Builders' Loans Pushed Credit Meltdown

      (Newser) - In the ongoing post-mortem of the housing boom, BusinessWeek turns an acute eye on developers, especially big, publicly traded builders who jumped into the mortgage business to move people into their newly built houses faster. As demand for new homes began to fizzle, they kept sales brisk by offering adjustable-rate loans to more and more marginal borrowers. More »

      Tags

      subprime mortgages  • Wall Street  • housing market  • mortgage  • real estate  • homebuilders

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