I would say probably last month I wrote a blog on the glut affecting homebuilders. There are so many houses being returned to the housing market because of foreclosures, builders are not building as much. When that happens, they do not need all the contractors that they were using before. In New Jersey, Kara Homes, Inc., filed for bankruptcy protection on Oct. 6 owing 12 bank lenders. That is sad for them and probably would not have thought they would see themselves in this situation a few years ago. Sometimes when circumstances begin changing such as the housing market, some people cannot weather the storm and wait for them to bounce back.
