Cape Comeback

REVIEW SUMMARY
Industry. Home building
Trend. Construction returns
Key. Fewer foreclosures and new lending could spur new construction in devastated cities such as Cape Coral.

Cape Coral, known nationally for its high rate of home foreclosures, is starting to see an increase in what some thought unthinkable just a year ago: Construction of new homes.

Consider Bob Knight. His company, Paul Homes, recently built a model home on Cape Coral Parkway, one of the first outside a subdivision since the downturn wiped out 75% of the residential subcontractors here.