Current news for this company:
Anderson Homes - N. Carolina home builder
Anderson Homes (website andersonhomesnc.com), a top 200 home builder in both 2007 and 2006 per builderonline.com closing on around 350 and 300 homes in those years, respectively, has filed for Chapter 11 bankruptcy. The filing is in concert with sister company Vanguard Homes per the Triangle Business Journal:
The number employees in the companies has gone from a peak of 66 down to only 13 now.
The bankruptcy filing also affects two other related companies that are land developers, Bridgewater Land Resource and Land Resource Group of Raleigh per an article from the News & Observer on builderonline.com.
Anderson Homes has been in business for over 27 years.
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). 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.