Tampa Bay area builder freezing construction
Levitt & Sons, a home builder with a strong presence in Hernando County, among other places, is shutting down construction on its Florida subdivisions. Levitt's best know for its Levittown subdivisions outside of New York City.
It's one of a number of builders that seem to be hurting worse than the industry as a whole. Another is Beazer Homes, which has sold hundreds of houses and town homes in Hillsborough, Pasco and Pinellas counties. Atlanta-based Beazer is heavily indebted and trying to restructure repayments to hold off bankruptcy.
Here's a story with more details about Levitt.
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