Current news for this company:
Gateway Homes Inc. - Residential
Omaha, Nebraska-based Gateway Homes filed for Chapter 11 Bankruptcy protection according to the Omaha World-Herald.
Gateway was a builder of homes priced between $250 and $400K. Per the World-Herald, Gateway actually shut their doors on January 22nd of this year.
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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.