In this article from the Chicago Tribune on Sunday, Dec. 7th, Ken Love, chief executive of Kimball Hill Homes expresses the disconnect between the auto bailout and the struggling housing market. He’s quoted as saying, “It’s unlike the automotive industry, where there’s three companies and on one day they can meet with Congress and say, ‘Can you help us?’” Granted this story is about a production builder filing for bankruptcy but it still brings to light that the housing market is just as valuable to the economy as the auto industry.

If anything, you could say the housing decline was the start of the decline everywhere else, including Wall Street and the auto industry. After reading this article, it’s painfully aware to me that builders are being left out in the cold when it comes to their struggles. While Congress is willing to provide support to three major corporations who refused to have foresight that there was a need for innovative auto technology, they are ignoring the builders who provide homes for its citizens.

As builders stick together, gather to brainstorm ideas, and rely on each other to move forward during this unique time, they are definitely proving that it’s possible to solve problems with the help of each other … not necessarily the government’s money.

~Maureen

This entry was posted on Tuesday, December 9th, 2008 at 2:38 pm and is filed under Industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.