Relevant:
- $45 Billion Boondoggle of Which $33 Billion Goes To Homebuilders
- U.S. Housing Starts, Building Permits Probably Dropped in April
- It just keeps getting worse for homebuilders
- ECRI Leading Economic Index Plunges At -6.9% Rate, Back To December 2007 Levels When Recession Officially Started
- New Report Exposes Multi-Billion Dollar Handout for Corporate Homebuilders Who Helped Cause the Housing Crash and Mortgage Crisis
2009-04-08 — nytimes.com
``The two companies are hoping that the merger will help them survive a severe slump in the housing market that has helped lengthen a recession that started in December 2007. Homebuilders have sharply cut back construction and prices as they try to reduce inventories.''
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