Florida Construction Woes
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Posted: 9:28 PM Jan 15, 2009
Florida Construction Woes
Florida’s Homebuilders are asking the governor to veto cuts to a state fund that helps people buy houses. Lawmakers voted to take 190 million dollars from the fund. Contractors say the money will help people buy existing houses which will increase the demand for new construction.
Reporter: Whitney Ray

Homebuilders Plea For Help
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Florida’s Homebuilders are asking the governor to veto cuts to a state fund that helps people buy houses. Lawmakers voted to take 190 million dollars from the fund. Contractors say the money will help people buy existing houses which will increase the demand for new construction.

Contractor Bill Schultz is one of a shrinking number of Florida construction workers who still has a job. A decline in home sales has forced Bill to tighten his tool belt.

“I had a crew of 30 people at one time… They’re all laid off except for the few people that are here.”

Home construction was cut in half in 2008 and the need for new houses continues to shrink. Florida’s housing market is saturated… currently more than 300-thousand homes are empty.

Wednesday lawmakers voted to take 190 million from a 300 million dollar affordable housing fund to balance the budget.

Thursday the Homebuilders Vice President, Chuck Fowke, told the governor the cut was short sighted.

“These moneys can be used to get people back into housing, that lost their housing in Foreclosure.”

Crist says he’ll take a close look at the entire budget to see if the fund can be spared.

“We’ll be reviewing all of that to see if we can help.”

Home builders also asked the governor to pressure bankers for help with loans.

The Florida Home Builders Association says banks are lending enough of the Washington bailout money and they’re calling in construction loans making it hard for builders to start new projects.


Latest Comments

Posted by: Dean Location: Shoals on Jan 18, 2009 at 05:29 AM

3000 houses are sitting empty and the builders are complaining because the banksters won't let them build more? Poor babies.
Posted by: yolanda Location: Freeport, fl on Jan 16, 2009 at 01:48 AM

My question is , are the homeowners and contractors hire legal workers or more illegals to do the work. Many also go out of state for their contractors yet still disabling Florida small and large constuction and business owners. I think if its approved there should be a stioultion of local and legal workers to perform the construction only, I bet business will start booming again then, then it will just be the cut throating on bids we will have to worry about.