Cape Fear Home Builders Association is hoping to get a piece of the federal bailout money - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Cape Fear Home Builders Association is hoping to get a piece of the federal bailout money

Posted by Debra Worley - email

WILMINGTON, NC (WECT) - Area homeowners are joining in a campaign to get a piece of the federal bailout money.

Builders argue that plunging home prices and sales are causing widespread suffering for businesses ranging from interior decorators to sellers of faucets, lumber, and blinds.

They say massive government intervention is needed to boost home sales and prevent foreclosures from further flooding the market.

The Cape Fear Home Builders Association is asking for a total of $150 billion in help, though it seems unlikely that money will end up in Barack Obama's stimulus plan.

 

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