Current news for this company:
Obra Homes - low-cost residential builder, south-TX
This regional yet prolific builder of sub-$100k homes appears to have seen the writing on the wall and is rather efficiently winding down business. The Brownsville Herald has more:
As for characterizing the company's size, the article states:
That is nothing to sneeze at. What is interesting is that the low-price end of the market is hurting so badly, even though one might think more activity would move from the $200k region down, as prices and loan approval amounts fall. Perhaps the factors of reverse-migration and much more stringent lending standards overshadow even price declines as deciding factors.
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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.