By STEVE BROWN / The Dallas Morning News Full Story
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.
James Sharp is working with lenders and his builder, Sotherby Homes, to get the Plano house he's buying finished.
"It's under construction and more than 80 percent complete," Sharp said. "We are trying to come up with some kind of resolution."
A bank foreclosed on the partially built house after Sotherby Homes suspended some of its operations. The foreclosure was on the builder, but Sharp has earnest money tied up in the deal.
Celina Custom Home Builder
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