31.08.2011 - Some home builders run out of lifelines
Five years into a housing meltdown, questions are arising about how long some publicly held home builders can survive without significant improvement in the market. Sales of newly built homes, which peaked at 1.3 million units in 2005, were running at an annual rate of just 298,000 units in July and are on pace to post the lowest count this year since recordkeeping began in 1963..............................................Full Article: Source
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