Workforce Housing Articles

ARTICLES

This section includes news articles of interest pertaining to housing issues and are being periodically updated.

Fla. renters breaking the `30 percent rule'
What he means is this: Though they're down this year, Florida's housing costs including rental costs have soared over the past five years. Wages haven't.

http://www.miamiherald.com/business_monday/story/360241.html

With Builder in Bankruptcy, Buyers Are Left Out

Ettore and Larisa Costanzo are showing off their new house, which they love madly. “Notice how we upgraded so there’s tile on all the floors,” said Mr. Costanzo, a retiree from Brooklyn. He pointed to the Kashmir granite in the kitchen. “It’s nice, no?” Now if only they could get the keys and go inside, instead of peering in the windows like a couple of Peeping Toms.  The house, on which the couple made a down payment of $88,820, is empty. Their belongings are in storage. They live, unhappily, in a hotel. “It’s very upsetting, not to be allowed in our own house,” said Ms. Costanzo, a Russian immigrant. “Please take our money and let us move in.” Their builder is Levitt & Sons, a unit of the Levitt Corporation, which ran out of cash in October and declared bankruptcy in November.

http://www.nytimes.com/2008/01/03/business/03abandon.htm?_r=1&oref=slogin

Boca Raton mayor defends position on workforce housing
A nursing professor at Florida Atlantic University, who lives in Boynton Beach, prefers to ask me questions about my position on workforce housing by ...

http://www.sun-sentinel.com/news/opinion/sfl-pbmail883pndec30,0,3969150.story

Sluggish Housing Market Top Florida Story In 2007
Florida lost 17500 construction jobs, the first time that sector has lost workers since 1992, according to the Florida Agency for Workforce Innovation. ...

http://www.local10.com/news/14950302/detail.html

ULI to host attainable housing program in Naples
The program will showcase three nationally-recognized affordable and workforce housing experts who will discuss public policy, legislative practices, ...

http://www.local10.com/news/14950302/detail.html

Veto could cause problems for Miami-Dade
It would have established "affordable workforce housing" and "extremely low-income households" as categories in affordable housing policies. ...

http://www.bizjournals.com/southflorida/stories/2007/12/17/daily6.html

Greenspan alert on US house prices

US house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market.

http://www.ft.com/cms/s/0/31207860-647f-11dc-90ea-0000779fd2ac.html?ref=patrick.net

Coping With a Real-Estate Bust

For much of this year it was tempting to see this disconnect as a good thing: strength elsewhere was compensating for the slowdown in housing. But when the Labor Department reported in September that job creation had lurched into reverse after four years of gains, the tune on Wall Street and elsewhere shifted abruptly

http://www.time.com/time/magazine/article/0,9171,1661682,00.html?xid=patrick.net

Home sales stabilizing, but fallout not over yet

Three years after Hurricane Ivan supercharged an already hot local housing market, the good old days of soaring prices, easy money and fly-by-night flippers are long gone.
What's left is an anemic Escambia-Santa Rosa County housing market, glutted with some 10,000 homes for sale, and beset with a stagnant number of transactions.

http://www.pensacolanewsjournal.com/apps/pbcs.dll/article?AID=/20070916/BUSINESS/709160312/1003