From NPR:  Builders’ Bankruptcies Erode Buyers’ Confidence

Posted by Kendall Harmon

Demand for new homes continues to erode and one reason is that high-profile builder bankruptcies have made people anxious to sign on the dotted line. And with good reason: People like the Carias family in north suburban Chicago are getting stuck with half-finished houses and thousands of dollars locked up in bankruptcy proceedings.

Analysts say as more builders declare Chapter 11, this fear could hobble any housing market recovery — especially in the area of new home construction.

A good piece about one example of the collateral damage caused by the current credit and housing crisis. Listen to it all.

Filed under: * Economics, PoliticsEconomyHousing/Real Estate Market

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Posted March 26, 2008 at 7:21 am [Printer Friendly] [Print w/ comments]
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