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ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration
Builders Shuting Down: Keep An Eye On the Numbers of Dallas-Fort Worth Homebuilders New Homes
Wednesday, 28 January 2009

Dallas-area homebuilders suspend operations, leave buyers in the lurch
Who's Next?  Number way down. The worst housing market in generations is taking a big toll on the local homebuilding industry.  More than two dozen builders have suspended operations in the Dallas-Fort Worth area, analysts estimate, leaving some homebuyers and new owners in the lurch... In North Texas, new home sales have fallen by more than 40 percent since 2006, and single-family home starts are at the lowest level in close to 20 years.

Sotherby Homes causes hard times for homeowner
Friday, 02 January 2009

Homeowners burdened by homebuilder's money woes
As hard times fall on a Dallas-based homebuilding company, homeowners are also feeling the weight of the problem. Michael Garver moved into his new Sotherby home two months ago. Within the past two weeks, letters started arriving in the mail from subcontractors threatening to put liens on his house and demanding thousands of dollars.

Sotherby/Shaddock Homes in Trouble
Friday, 02 January 2009

High-end Plano homebuilder suspends some operations
Plano-based Sotherby Homes builds more than 300 houses a year that sell for between $300,000 and $500,000. This week, the company's Internet marketing sites weren't working, and some of its sales offices were idled. Sotherby has been in business for 14 years and builds in Collin and Denton counties. Officials did not return phone calls or e-mails Monday. But the builder released a statement that said "national lenders have severely curtailed financing to builders such as Sotherby due to the recent economic crisis."...Almost two dozen North Texas homebuilders have gone out of business during the last two years because of declining sales and reduced construction.

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