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ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration

Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

Foreclosure Latest News
Top 100 Selling Insiders
Tuesday, 04 October 2005
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Home Builders Executives Bailing Out
Tuesday, 04 October 2005

New York Times
Home Builders' Stock Sales: Diversifying or Bailing Out?

Shedding Shares
Now they are cashing in. Executives and directors at many of the nation's largest development companies sold stock at a record pace this summer. Insiders at the 10 largest home builders by market value, including D. R. Horton, KB Home, Toll Brothers and M.D.C. Holdings, have sold nearly 11 million shares, worth $952 million, so far this year. That is a huge jump from the 6.8 million shares, worth $658 million, that insiders sold during all of last year, according to data compiled by Thomson Financial. Market specialists often view heavy stock sales by corporate insiders as a possible indicator that share prices are headed lower. Some analysts say that the share sales by home builders are reminiscent of the heavy dumping of stock by technology company executives just before the technology bubble burst in 2000.  See related article 8/7/05: KB Home Stock Down $10.95 – Foreclosures are up - FTC & HUD’s Flood of Complaints Prompts Investigations

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Prices flat here as housing in U.S. booms
Sunday, 08 May 2005
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Foreclosures High-The housing bubble is bound to pop
Sunday, 08 May 2005
Economist frets over bubble
If prices go poof across the nation, area will feel pain

So when's it going to happen?  University of Houston economics professor Barton Smith believes the bubble is bound to pop,... But ominous signs are looming, Smith said. Foreclosures, for example, are as high today as they were in 1991. And builders in Houston are putting up single-family homes faster than they can be sold. In the past year, 42,000 single-family home permits were issued, but the area gained only 15,000 households. Related article: Prices flat here as housing in U.S. booms
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Texas Forclosure still a crisis
Saturday, 07 May 2005

Texas home foreclosures decreased in April
(05/06/2005 ©  Austin Business Journal )
 In Texas, 3,481 new residential Foreclosures were listed for sale as of the end of April -- bringing the state's total number of foreclosed properties to 9,266 for the year through April. At the end of March, 3,645 new homes put  up for sale because of foreclosures. The number of U.S. foreclosed homes reached 76,786 during the first four months of this year.

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Foreclosures–One Texas County exceeds California, West Virginia, Montana and Hawaii Combined
Friday, 18 March 2005
Texas leads the nation in total home foreclosures
Texas has earned bragging rights in a dubious arena: Homeowners went to foreclosure in 2004 in total numbers that far exceeded any other state.While the state was laying claim to No. 1, Bexar County had more residential foreclosures in December than California, West Virginia, Montana and Hawaii combined.
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


Amazon
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 Feature
Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
by
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Washington Post
The housing bubble, in four chapters
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Bonfire of the Builders
Homebuilders helped fuel the housing crisis
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IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
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