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.
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Factory-built housing giant, which also operates in Canada and the United Kingdom, plans to sell its U.S. operations.
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Forest Hill, Md.-based builder is undone by the recession and too much debt.
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Details about incentives to servicers and troubled homeowners to accept short sales are expected soon.
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More than 13% of all construction and development loans are more than 90 days past due at FDIC institutions, whose REO inventory is growing.
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Oregon builder renews state corporate registration after local business journal reports that former Fast Track builder has dissolved.
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Average net profit at private builders slides into the red, according to annual Shinn Consulting survey.
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Newly released Census data shows that California, Arizona, Florida and Nevada have lost an average of 44% of jobs at single-family housing firms.
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Buyers in California and Arizona already have filed complaints against the builder, its preferred lender, and a proprietary appraisal service.
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About 14,000 attend show at San Francisco’s Moscone Center.
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Conversations at PCBC show that home builders are finding ways to stay in the housing business even when sales vanish.