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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (1958)	2/27/2002 7:45:10 AM
From: Tradelite	Respond to of 306849

From today's print edition of Wall Street Journal: ________ (first paragraphs only--can't type the whole thing) Home Builders Face Insurance Woes Western home builders are curtailing construction plans because they can't find liability insurance coverage, or are forced to pay hefty premiums, sometimes 10 times more than they paid in previous years. From California to Colorado, a rise in homeowner lawsuits alleging construction defects has prompted nearly every standard, or regulated, insurer to stop writing policies for residential building. To avoid halting construction altogether, builders have turned to secondary, or largely unregulated, insurers that often charge more for less coverage. In turn, that's exacerbating housing shortages and driving up prices.