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State of the Homebuilding Industry
http://stateofhomebuilding.blogspot.com/
A blog about the sorry state of the real estate industry and how we got here.
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Housing Slump Hits Detroit Builders - Detroit Housing Market
Metro Detroit's dismal residential housing market -- gridlocked and stagnant amid a global mortgage loan crisis, consumer sentiment at a 26-year low and a glut of unsold and foreclosed homes -- has cast a pall over local builders who only a few years...
Centex Posts Huge Losses - Decline in US Home Prices to Blame
Centex saw a quarterly loss of $910.5 million, or $7.36 a share, compared to net income of $198.9 million, or $1.65 a share, a year ago. The loss from continuing operations for the fourth quarter was $7.34 a share. Revenue slid to $2.31 billion from ...
Hyde Park by Tremont Homes (Stature Construction) Issues in the Houston Housing Market
For years, neighbors in a stylish Montrose cul-de-sac named Hyde Park Crescent fought to get something out of the developer they claim failed to fix faulty windows, water-soaked balconies and defective roofs that spawned leaks, mold and rot in their ...
Foreclosures hit an all time high
"None of these foreclosed houses is going to disappear. After a foreclosure, one family moves out, and another moves in. We see the sad faces of the people moving out, but we don't as often see the happy faces of the new homeowners moving in. Neverth...
When will the Homebuilding and Housing Industry Turnaround?
From the Chicago tribune today:The housing industry could see a turnaround before the end of this year, but only if Congress takes action beyond the current economic stimulus plan, and the credit markets stabilize, the head of the National Associatio...
