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

To: John Vosilla who wrote (139019)	8/4/2008 4:52:38 PM
From: Live2Sail	Read Replies (3) \| Respond to of 306849

My friend is less than 40 -- went straight from a PhD in econ to the Fed. So, no, there's no practical experience there. The Fed is not getting he lowdown about the fraud and scams. Also, economists have this model of the rational decision maker. That's obviously not the case in real life.

To: John Vosilla who wrote (139019)	8/6/2008 3:18:26 AM
From: Jim McMannis	Respond to of 306849

Housing slump forces SelectBuild to quit state miamiherald.com SelectBuild Florida, which provides framing and construction services to single-family home builders, is discontinuing its operations within the next four months. Building Materials Holding, the San Francisco parent of SelectBuild, cited Florida's weak economy for its decision to shutter the business. SelectBuild, which has operated an office in Sunrise, will issue pink slips to about 140 employees in the state. The closing of the Florida business follows the closing of its Virginia framing operation in March. Besides Sunrise, SelectBuild has offices in Jupiter, Fort Pierce, Orlando, Fort Myers and Sarasota. The closure ''is an unfortunate result of the current condition of Florida's construction marketplace,'' Stanley M. Wilson, Building Material's president, said in a statement. Housing starts are expected to total 61,000 this year in Florida, down from 99,000 last year and down from a peak of 265,000 in 2005, Building Materials Holding said. SelectBuild plans to complete all construction in progress and fulfill all outstanding contractual obligations during the next four months, its parent said.