Brian Rooney

ABC’s Housing Crisis Newest Bad Guy: The Builder

By Jeff Poor | May 8, 2008 - 12:38 ET

It must be difficult every night for the media to find a fresh angle on the housing downturn. Perhaps the so-called "victim" angle is played out, so ABC's May 7 "Nightline" blamed the builders.

The broadcast featured Maricopa, Ariz., a community near Phoenix where one in 10 homes is for sale.

"While existing homes go begging for buyers, builders continued putting up new houses," said ABC correspondent Brian Rooney. "As many as one in 10 of the homes in Maricopa are for sale right now, as builders, banks, homeowners with mortgages they can't afford all compete to sell at lower prices."

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