News

Special Report: Industry In Crisis

The pace of builder bankruptcies has escalated in recent weeks, as sales have fallen in many parts of the country. The home building industry clearly faces a market meltdown that threatens the very survival of many companies. With this special report, Builder aggregates stories on recent failures along with information on how to survive these most troubling of times.

• Comstock, BB&T Agree to $32.7 Million Workout

  A "friendly foreclosure agreement" covers projects in Atlanta and Virginia.

• More Gloom For Economy, Housing

  Global Insight's Economic Outlook paints a dreary picture for housing and the economy until at least the middle of 2009.

• Chuck Shinn

  “If you run out of cash, you’re out of business.”

• California Builder Takes a Stand Against Impact Fees and Fickle Banks

  With Barratt American's construction activity at a standstill, Mick Pattinson turns his attention to other issues.

• Fannie Reports Fourth Straight Quarterly Loss

  GSE loses $2.3 billion in 2Q, warns of more losses in 2008.

• WCI Files Chapter 11

  Florida builder had been unsuccessful at restructuring its debts; CEO Jerry Starkey out.

• Builders Bid Reluctant Goodbye to Seller-Funded DPA

  Ledford: 'This will be an impact because it's grown to be such a large program.'

• Foreclosures Climb in Second Quarter

  The number of filings jumped 121% compared to last year.

• Existing Home Sales on Upswing in Ft. Myers

  One of the hardest-hit housing markets in the nation is starting to see some relief.

• Fannie and Freddie at Risk?

  Worries about the GSEs' financial exposure and housing markets set off a frenzy of worry between Washington and Wall Street.