Current news for this company:
Wallen Homes - New Mexico custom home builder
The New Mexico Business Weekly has reported that "Rio Rancho-based custom home builder" Wallen Homes closed down on Friday, February 27 (Back-add to the list, today is March 31). Per the article:
As Wallen has only completed around 220 homes and only 20 since 2007, we are classifying Wallen Homes as a "tiny" implosion. If you have any more information on Wallen, please post it below or email us.
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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.