T.H. Properties - PA-regional residential builder

Harleysville-PA-based TH Properties (THP) has suspended operations and announced "restructuring". This is apparently on an open-ended basis, so we are provisionally listing the company as "imploded". The above-linked stories provide a transcription of a phone message from the company giving its statement:

"TH Properties, a Harleysville-based developer and home builder, as of April 21, 2009 has temporarily suspended it's operations and is actively exploring options to restructure it's ongoing business operations. Like other home builders across the country, the recession and the collapse of the housing market has had a negative impact on the company's operation. The company remains committed to an orderly restructuring of it's obligations in order to continue with construction and development efforts throghout the region. TH Properties would like to thank it's loyal vendors, valued employees, existing and prospective homeowners and the communities with which it has been operating during this difficult period."

A source assures us the company closed significantly more than 250 units per year at peak, so we are listing them as a "major" builder. If you can provide more details, please get in touch with us.