constrution projects: A Housing Crash
- 10/12/10 01:44 AM
The housing industry is more than just real estate. As seen in 2005-2009, new construction fell to the way side, taking with it the labor forces, material suppliers and the localized income that went with it. Anyone that made their living in new construction lost nearly everything they had ever worked for. Many developers lost the properties and the investments placed into those properties with curbs, streets, utilities and the general developing dollars invested. These properties fell to the bank, creating a shortage of lending funds available to continue these levels of projects.
Once property values start to fall, sellers find … (4 comments)
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The housing industry is more than just real estate. As seen in 2005-2009, new construction fell to the way side, taking with it the labor forces, material suppliers and the localized income that went with it. Anyone that made their living in new construction lost nearly everything they had ever worked for. Many developers lost the properties and the investments placed into those properties with curbs, streets, utilities and the general developing dollars invested. These properties fell to the bank, creating a shortage of lending funds available to continue these levels of projects.
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