Drought is undermining home foundations

This year's oppressive drought is causing problems for thousands of homeowners across the Midwest. Soil has been sucked dry of moisture, causing homes to sink into the earth, cracking foundations and walls that must undergo repairs. Drought related home damage has been reported is 40 states, and the total amount of damage could reach $1 billion, Jim Salter of The Associated Press reports. (AP photo by Jeff Roberson: Repairmen fix drought damage in Missouri)

Repairs usually cost thousands, can run into six figures, and often aren't covered by insurance. Home-repair businesses, especially those dealing with basements and foundations, can barely keep up with demand. Homes in the central U.S., from Louisiana up through the Dakotas, are bearing the brunt of such damage, but damage is being reported throughout the country. Dayton-based Basement Health Association board member Dan Jaggers told Salter this year's drought has been the worst for homes since the 1950s. (Read more)