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Daily Real Estate News | March 28, 2008Slow Sales Drive Some Builders to BrinkSmall and mid-size builders in regions of the country where housing sales are slow are facing bankruptcy in increasing numbers. Delinquencies on loans to build single-family houses reached 7.5 percent of the value of all such loans in the fourth quarter, up from 2.1 percent a year earlier, according to Foresight Analytics, an economic and real-estate research firm."Even rock-solid, generational businesses are taking desperate measures," says Jerry Howard, the chief executive of the National Association of Home Builders. While the industry group does not track bankruptcy filings by its members … (0 comments)
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