Current news for this company:
Calumet Homes - Residential
Calumet Homes of northern Kentucky filed for Chapter 11 bankruptcy protection in April. According to this web article on the bankruptcy filing:
The article further notes that the owner of Calumet Homes had suffered a stroke in late March..
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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.