With many Americans being unable to afford relocation cost, home builders are doing their best to bring holiday cheer into their lives.
"Home builders are making extraordinary sacrifices as they try to survive the ongoing economic downturn, and yet their generous spirit continues to shine in selfless acts of charity every day across the country," said Bob Nielsen, chairman of the National Association of Home Builders and a home builder from Reno, Nevada. "NAHB's members are doing everything in their power to help others and preserve the American Dream of homeownership for those who are less fortunate."
Thousands of home builders were forced out of business because of the economic downturn, but Lee Building Industry Association in Fort Myers, Florida, still managed to complete 33 charity projects in 2011. Florida's foreclosure rates are the highest in the country, but Lee to complete charitable services, including six major home renovations, worth a total of more than $600,000.
Despite sales figures still looking stagnant in certain areas of the country, positive numbers are expected to appear in 2012, with the unemployment rate decreasing and mortgage rates remaining low.
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