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.

• Low Expectations for 'Hope for Homeowners'

  Experts believe far fewer homeowners will benefit from federal government's foreclosure-prevention program than projected.

• Ashton Woods Homes Faces Deadline For Debt Payment

  Atlanta-area builder urges lenders to consider that it continues to sell homes in weak market.

• Government Agrees to Bailout

  House votes to approve revised financial rescue package; President Bush signs bill into law.

• Senate Saves Bailout Proposal

  House will vote on modified proposal Friday.

• With Bailout Uncertain, Builders Share Ideas for Fixing Housing, Economy

  Arizona builder: 'What we need is a dramatic program to reduce foreclosures and keep people in their homes.'

• House Refuses to Approve Bailout

  Money will probably become even more difficult for builders and home buyers to borrow.

• Royce Homes Shuts Down

  Houston builder ranked no. 44 on 2007 BUILDER 100 list.

• Government Seizes Washington Mutual; Sells to JPMorgan Chase for $1.9 Billion

  Failure could have put a serious dent in FDIC funds.

• Builders Pledge Support for Federal Bailout

  In an emergency meeting of the NAHB board of directors, members voted to actively support the $700 billion federal bailout.

• Builder Coalition Wants Better Behavior from Banks

  Builders, attorneys, and lobbyists call for banks to stop forcing defaults so they can get at builder assets.