Report Shows Homebuilding Corporations Rebuilding Foundation that Caused Housing Market Crash

Tue Oct 20, 2009 6:30am EDT

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http://www.businesswire.com/news/home/20091020005291/en

Coalition of Homeowners, Workers, Consumer and Economic Advocates Call for
Reform of Homebuilding Industry to Avoid another Crisis
--(Business Wire)--
Homeowners will join with labor, consumer and economic advocates to call for
reform in the homebuilding industry in light of a new report showing corporate
homebuilders are continuing the same practices that caused the housing market
crash. The report, Nothing Learned?Laying the Foundation for the Next Housing
Market Crash, to be released by LIUNA and the Alliance for Homebuyer Justice,
reveals new evidence that corporate homebuilders -including the nation`s largest
builder, Pulte Homes Inc. - have not changed the deceptive lending, appraisal
fraud, predatory culture, overbuilding, encouraging speculators and worker
abuses that made them a key player in the housing collapse and resulting
economic crisis.

                                                                                                                                                                                                                                                                                                                                             
 WHAT:      Press call with homeowners joining labor, consumer and economic advocates to call for reform of the homebuilding industry. Release of Nothing Learned? Laying the Foundation for the Next Housing Market Crash, a new report showing corporate homebuilders are continuing the same practices that caused the housing collapse.  
                                                                                                                                                                                                                                                                                                                                               
 WHEN:      Tuesday, October, 20th at 11:00 a.m. Eastern Time.                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                               
 WHO:       Homeowners from California, Arizona, Nevada, and North Carolina                                                                                                                                                                                                                                                                  
            Terry O`Sullivan, LIUNA President                                                                                                                                                                                                                                                                                                
            Ira Rheingold, Executive Director, National Association of Consumer Advocates                                                                                                                                                                                                                                                    
            Dean Baker, Co-Director, Center for Economic and Policy Research                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                               
 CALL:      Please email jhay@liuna.org for the conference call number and pass code.                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                               
 REPORT:    The report will be available immediately following the conference call at www.AllianceforHomebuyerJustice.com.                                                                                                                                                                                                                   


The half million members of LIUNA - the Laborers` International Union of North
America - are on the forefront of the construction industry, a powerhouse of
workers who are proud to build America.

LIUNA
Jacob Hay, 202-942-2285 or 202-445-4788
jhay@liuna.org

Copyright Business Wire 2009