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Documenting the greatest building boom's inglorious finale. |
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26. Empire Land
25. Regency
24. Kimball Hill
23. Reynen & Bardis Communities Inc.
22. American Standard Building Systems
21. Kennedy Homes
20. Buescher Homes
19. Goff Homes
18. Trend Homes
17. Technical Olympic USA (TOUSA), Inc.
16. Henson Homes
15. Dunmore Homes, Inc.
14. C.V. Perry
13. Levitt and Sons
12. Neumann Homes
11. Matthews Brothers Builders LLC
10. Elliot Building Group
9. Meyer-Sutton Homes, Inc.
8. Burcaw Development Group
7. Townsend Construction
6. Panitz Signature Homes
5. Construction Compliance Inc. (CCI)
4. Avalon Homes
3. Kara Homes, Inc.
2. Turner-Dunn
1. Jade Homes
18. Tony Marnella, Inc. et al
17. Nohl Crest Homes
16. Kurlemann Builders Inc.
15. Randall Martin Home
14. Ollanik Construction Co.
13. Corinthian Custom Homes, Inc.
12. Gateway Homes Inc.
11. Turner & Associates
10. First Dartmouth Homes
9. Nouveau Homes, Inc.
8. Ralph Angelucci Builder, Inc.
7. British American Homes
6. Prime Development Inc.
5. McDonald Homes
4. Ideal Homes
3. Evergreen Homes LLC
2. Calumet Homes
1. Americabuilt Communities, Inc.
12. Barratt American
11. Pulte Homes Inc.
10. Centex Homes
9. D.R. Horton, Inc.
8. KBH Home Inc.
7. Hovnanian Enterprises Inc.
6. Ryland Group
5. Standard Pacific Homes
4. John Wieland Homes and Neighborhoods
3. Beazer Homes USA
2. Meritage Homes Corporation
1. Lennar
"Imploded*" Builders:
27. Denmark Homes26. Empire Land
25. Regency
24. Kimball Hill
23. Reynen & Bardis Communities Inc.
22. American Standard Building Systems
21. Kennedy Homes
20. Buescher Homes
19. Goff Homes
18. Trend Homes
17. Technical Olympic USA (TOUSA), Inc.
16. Henson Homes
15. Dunmore Homes, Inc.
14. C.V. Perry
13. Levitt and Sons
12. Neumann Homes
11. Matthews Brothers Builders LLC
10. Elliot Building Group
9. Meyer-Sutton Homes, Inc.
8. Burcaw Development Group
7. Townsend Construction
6. Panitz Signature Homes
5. Construction Compliance Inc. (CCI)
4. Avalon Homes
3. Kara Homes, Inc.
2. Turner-Dunn
1. Jade Homes
"Tiny" Implosions:
19. Adam Stearns Homes18. Tony Marnella, Inc. et al
17. Nohl Crest Homes
16. Kurlemann Builders Inc.
15. Randall Martin Home
14. Ollanik Construction Co.
13. Corinthian Custom Homes, Inc.
12. Gateway Homes Inc.
11. Turner & Associates
10. First Dartmouth Homes
9. Nouveau Homes, Inc.
8. Ralph Angelucci Builder, Inc.
7. British American Homes
6. Prime Development Inc.
5. McDonald Homes
4. Ideal Homes
3. Evergreen Homes LLC
2. Calumet Homes
1. Americabuilt Communities, Inc.
Ailing/Watch List*:
13. WCI Communities12. Barratt American
11. Pulte Homes Inc.
10. Centex Homes
9. D.R. Horton, Inc.
8. KBH Home Inc.
7. Hovnanian Enterprises Inc.
6. Ryland Group
5. Standard Pacific Homes
4. John Wieland Homes and Neighborhoods
3. Beazer Homes USA
2. Meritage Homes Corporation
1. Lennar
"Imploded" Builders: The "imploded" list contains builders who have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.
Ailing Builders haven't shut down, but they've suffered significant valuation declines, temporarily halted redemptions, or faced other major business hurdles. Builders on watch may not even have unusual declines relative to peers, but may be posted if it is felt there may be risk of developing a more serious condition in the near future.
Attention: This site changes rapidly, and some information may be inaccurate (particularly if it is very recent). You should always check other sources regarding information found here, and check with the companies themselves if you plan on doing business with them. And as always, please let us know if you have corrections, clarifications, or additions.
Top Builder Bust-News and Commentary:
- Housing Bust: The Hamptons to Atlanta [2008-05-12] - In the first three months of this year, banks have launched preliminary foreclosure actions - known as lis pendens proceedings...
- Is "walking away" a myth? [2008-05-12] - "This LA Times report asks if underwater homeowners "walking away" from their homes (a.k.a "jingle mail") is a myth? "
- New Fannie Mae Program May Benefit 150,000 Homeowners [2008-05-12] - Another program to aid in the subprime mortgage crisis has been announced by Fannie Mae. As with most recent initiatives, wh...
- Is A Rescue Possible? [2008-05-12] - Over the weekend I came across Big Rescues Can Work. Just Ask New York in the NYTimes, by Gretchen Morgenson. The article basic...
- Media to blame for slump, say estate agents [2008-05-12] - "It's the media - not the economic cycle or high interest rates driving down house prices, say real estate agents."
- Will Sell Wedding Ring To Avoid Foreclosure [2008-05-12] - "Yellow Gold, 1/2 carat diamond S1 quality with attached wedding band with 7 diamonds, and channel set anniversary ring with 7 d...
- Bottom Testing in Mortgage Land [2008-05-12] - "The Financial Times has a long analysis, "Value to Unlock," on how various financial players are starting to pick and choose am...
- Rep Feeney , Fla, opposing the Housing Gambler Bailout [2008-05-12] - "Here's Representative Feeney IN A GREAT GREAT SPEECH railing against using taxpayer money to bail out speculators and mortgage ...
- Housing Hell in Spain and Oz [2008-05-12] - "Expats' dream life in the Spanish sunshine has turned into a property nightmare. Welcome to Helldorado."
- Housing Bust and Self Storage Units [2008-05-11] - "David Streitfeld writes in the NY Times about the impact of the housing bust on self storage: Losing a Home, Then Losing All Ou...
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Latest Forum Posts:
- RE: John S. Card - Yeah ... a "microscopic" implosion ... perhaps we should pass on sub-$1mm in liabilities implosions (one metric anywa... (21 minutes ago)
- RE: Landstar Homes - doesn't toll brothers own landstar? Toll only bought the Florida division of Landstar. The Texas division is still independent.... (1 hour, 43 minutes ago)
- tiny (likely) - Steelman - Just in from a reader: Quote: Steelman Homes…DFW Area....formerly owned by Tommy Goff Was purchased in late 2006 / early 2007... (Fri 5/09)
- RE: so who's next? - WCI Communities may be the first public builder to go. http://www.reuters.com/article/coMktNews/idINBNG10435220080508?rpc=11 Wh... (Thu 5/08)
- Economists Divided on What Jobless Claims Say About the Labo - Quote: The current pace of jobless claims is relatively low compared to the previous recession Although I haven't heard much ab... (Thu 5/08)