Housing: An Old Master Builds Again

The American dream of owning a home has been taking quite a beating lately, with the price of a new house averaging $100,100. But residents of Florida can dream again, thanks to William J. Levitt, 77. Known as the father of American suburbia for his Levittowns, the master builder constructed huge complexes of inexpensive housing after World War II on the edges of major American cities. Now Levitt is back with a grand new project—a $2 billion community that will go up on the outskirts of Orlando and be called Villa Poinciana. Its 26,000 homes will be priced from...

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