Private Homebuilding, once the No. 1 family-owned business sector in America, may be fading into...

|By:, SA News Editor

Private Homebuilding, once the No. 1 family-owned business sector in America, may be fading into history, says homebuilder Wade McGuinn. With loans from the big banks all but gone, the only way for builders to finance new development today is largely through private equity or self-financing. This gives big public builders a huge advantage, McGuinn adds, and essentially makes small private builders "dead-men walking."