Current news for this company:
David Powers Homes - Texas home builder
The Houston Chronicle has reported that David Powers Homes has dwindled down from 120 employees at peak to "just four or five" and has moved its offices into a model home. Per the article:
David Powers Home was on builderonline.com's top 200 builders list in 2006 and 2007.
Ongoing discussion regarding David Powers Homes has been occuring on our forums. If you have any additional information regarding their operations, please comment below or email us!
James Connery at 13:08 2008-12-08 said:I heard today they are closing it's doors. Is this true???? Permalink
shaqdiezel at 00:26 2008-12-11 said:Not sure about that. They decided to cancel the contract they had with me an year in advance. They are basically baling out of $45,000-$50,000 dollars. If they can not pay their small vendors im not sure how long they will last. I know their office was open today but David was no where to be found. May be they did. I guess if they owe you anything just get a judgement against them and get in line. Permalink
shaqdiezel at 12:08 2008-12-15 said:that would be the model home they sold to me. they are trying to break the lease Permalink
shaqdiezel at 12:12 2008-12-15 said:i dont think they are going out of business the bank is just loaning them money for limited things only and for right now and they are trying to cut their expenses. Permalink
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Important: Ailing Builders haven't shut down, but they've suffered significant valuation declines, temporarily halted redemptions, or faced other major business hurdles. Builders on watch may not even have unusual declines relative to peers, but may be posted if it is felt there may be risk of developing a more serious condition in the near future.