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CREJ News

Dec. 18, 2007

Bankruptcy Possible for Some Homebuilders as Slump Continues

By ALAN ZIBEL AP Business Writer Homebuilders such as Centex Corp. and Pulte Homes Inc. aim to survive an industrywide unraveling by selling houses at bargain prices, slashing jobs and scrapping growth plans.

By ALAN ZIBEL
      AP Business Writer
      Homebuilders such as Centex Corp. and Pulte Homes Inc. aim to survive an industrywide unraveling by selling houses at bargain prices, slashing jobs and scrapping growth plans.
      But as the housing downturn worsens, experts say at least a few major U.S. homebuilders may end up bankrupt.
    &nbs...

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