kurt Posted November 1, 2007 Report Share Posted November 1, 2007 Neumann Homes, one of Chicago's largest home builders, filed Chapter 11 today. They built > than a couple thousand houses every year. Quote Link to comment Share on other sites More sharing options...
hausdok Posted November 1, 2007 Report Share Posted November 1, 2007 Yeah, it's been getting grim for a while. Here's a sampling of some headlines. These are typical of what I've been seeing for the past year and they just get worse and worse: From Inman News Foxtons listings go to highest bidders - Bankruptcy judge OKs sale of listings contracts. Appraisers accused of inflating home values - NY attorney general says First American caved to WaMu's prressures. Mortage rates hit lowest levels since May - Despite latest Fed cut, all eyes on Freiday's labor report Blood bath continues for real estate stocks - Inman Index: IndyMac, Countrywide, First American suffer most RealtyTrac reports Q3 foreclosures up nearly 34% From NRCA SmartTrac Small business owneers less confident in October Housing slump hits companies tied to industry From Builder Business Update First Home Builders Slashes 200 Jobs More layoffs from Levitt & sons Standard Pacific posts larger than expected loss Meritage Homes Focuses on Balance sheet - with home orders falling 23 percent, slosings sliding 28 percent and a 41 percent cancellation rate... Ryland takes $54.7M 3Q loss Countrywide Financial reports their first quarterly loss in 25 years Neumann Homes to File for Bankruptcy Protection Levitt and Sons Receives Default Notices NVR Quarterly Profit Drops Countrywide's Mozilo Under SEC Investigation Housing Starts, Permits Continue to Plunge Builder Confidence Lowest In 22 Years When Will It End? Online Exclusive - Gloomy Forecast: Regional Breakdown Lenders In Trouble Rate Cut Unlikely to Rescue Housing Horton's 4Q Sales Slide 48 percent The Future Appears Grim for Levitt and Sons Ashton Woods Hit Hard By $10.6 Million Quarterly Loss Nevada is Still on Top of the U.S. Foreclosure List Foreclosed Homes Flood Auction Home Builders' Foundations Shift With Shaky Market Dallas-Fort Worth Pre-Owned Home Sales Plunge 19 Percent Utah Housing: Braking, Not Broke Mortgage Slump Hits Home Decor Industry California Home Price Predicted to Fall for First Time in 10 Years Quote Link to comment Share on other sites More sharing options...
Les Posted November 1, 2007 Report Share Posted November 1, 2007 Michigan has had this economy for abt 2yrs. It is more perilous than during Carter years of 22%. Quote Link to comment Share on other sites More sharing options...
Bill Kibbel Posted November 1, 2007 Report Share Posted November 1, 2007 http://blogs.indystar.com/varvelblog/ar ... y_job.html Quote Link to comment Share on other sites More sharing options...
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