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Quantum Homes - Atlanta home builder

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2008-09-04

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stories: bizjournals.com

Notice: Note that this entry refers to the Atlanta-area company, not Quantum Homes of Chesapeake Bay. Gordon Gould, their Senior VP, writes n to point out that they are solvent and doing business. End notice.

An Atlanta Business Chronicle article notes that Atlanta-based home builder Quantum Homes Inc. filed for bankruptcy on Setpember 4 (Affiliates JA Development Inc. and Buy Rite Group Inc. filed for bankruptcy the same day, as well).

It appears that Quantum Homes' website was www.discoverq.com (See the screenshot here from their apparent web designer. Note: the web address discoverq.com now points to a blog, that appears completely unrelated to Quantum Homes).

Quantum Homes appears to be a "tiny" implosion though we are lacking enough information to conclusively categorize them as such. If you have any details on Quantum Homes, please let us know.

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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.