Are you a part of The WOKV Insider? Sign in or join now. Why join?
Find a problem with our new site? Tell us!
Text size: A A A
Local News

Builders Feel Financial Meltdown

By
Sam Jordan
@ October 7, 2008 7:05 PM
Permalink | Comments (0)

The financial crisis is being felt by First Coast home builders.

President of the Northeast Florida Builders Association Mark Downing says builders were among the first to be affected.  "We've seen a lack of sales, plus working with the banks to borrow money has become much more difficult," says Downing.

Engle Homes and Woodside Homes both had to file for bankruptcy, but Downing says he thinks they'll come through it just fine.



Avg. rating: N/A

What others are saying

There are no comments yet. Be the first to post one!

send to a friend  view as printer-friendly  RSS feeds
advertisement

Jacksonville weather

Fair
44°F
5-day forecast | Hurricane Guide
advertisement

Marketplace

Experts

Our weekend experts are live and local,
and ready to answer your questions!
Travel Channel
Need to get away or planning a vacation? Let us, and our partners at Travel Channel, help. Click here to find out more.
Gas Prices

Before you fill up check out Jacksonville's lowest gas prices!
WJXT Partner

WOKV is a proud news partner of WJXT-TV 4
Fox News Partner

WOKV is a proud news partner of Fox News
advertisement
careerbuilder Local Job Guide
Whether you want a new job or a new career, you can find it in our Local Job Guide
Special Car Deals

Check out the great car deals in Jacksonville
Stay ahead of the storm. Find evacuation routes, safety tips and more in the Hurricane Guide .