1. Construction of U.S. homes fell 14 percent in December to record low [WSJ]
2. Council Member David Yassky says displacement of 200 residents of South Williamsburg building is “very dangerous” if the city “is implementing a policy of making homeless citizens out of loft residents.” [Curbed]
3. Work begins on 91-unit Karl Fischer building at Roebling and North 9th streets in Williamsburg [Gowanus Lounge]
4. SL Green reports record rents for the fourth quarter [NYO]
5. Lone holdout remains at evacuated South Williamsburg building [Gowanus Lounge]
6. The Garment District becomes a dining destination [NYT]
7. Gowanus becomes fashionable, according to Women’s Wear Daily [Curbed]
8. Subprime crisis results in lawsuits all around [NYT]
9. Illegal boarding houses proliferate around the city [NYT]
10. Fears of credit crunch spread around the globe [WSJ]