Builders' Bankruptcies Erode Buyers' Confidence

Demand for new homes continues to erode and one reason is that high-profile builder bankruptcies have made people anxious to sign on the dotted line. And with good reason: People like the Carias family in north suburban Chicago are getting stuck with half-finished houses and thousands of dollars locked up in bankruptcy proceedings.

Analysts say as more builders declare Chapter 11, this fear could hobble any housing market recovery — especially in the area of new home construction.

Ashley Gross of Chicago Public Radio reports.

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