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Beazer Homes USA posted a wider-than-expected quarterly loss on Friday, blaming the weak economy for depressing housing demand.
Declining home prices and millions of foreclosures are depressing housing markets around the country, the survey said.
Reductions in construction jobs limit growth, further depressing housing markets.
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A property-tax increase would drive out residents and further depress housing prices.
He said that high vacancy rates and a flood of foreclosed homes would continue to depress housing costs.
If they are correct, the best outcome for lenders would be a prolonged delay in completing foreclosures, raising costs still further and paralyzing an already depressed housing market.
Mr. Gingrich is hoping that his anti-Wall Street theme will connect with a deep vein of economic populism in the South, including South Carolina, with its high unemployment and depressed housing market.
"On top of this, faster rising unemployment, heightened concerns over the economic outlook, and widespread expectations that house prices will continue to fall markedly seem set to depress housing market activity and prices for some considerable time to come".
Contributing to reasonable home prices is the fact that many places on the list are economic oases, surrounded by areas where jobs are dwindling, which helps depress housing demand.
As economists from the Boston Federal Reserve have argued in early July, a large fraction of delinquent borrowers (perhaps as many as 30%) will catch up on their payments with or without help; an even larger share will default anyway after receiving a modification.Meanwhile, depressed housing markets are having little trouble making home affordable all by themselves.
MARKET OVERVIEW The economic downturn depressed housing prices in Hong Kong about 25 percent between the end of 2008 and the middle of 2009, said Marcos Chan, head of research for the Greater Pearl River Delta at Jones Lang LaSalle, a professional services firm specializing in real estate.
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