If you found this blog post, you are no doubt concerned about Davis Homes going bankrupt. Read this post, then you must also read the most up to date post about Davis Homes getting homeowers strapped with mechanic's liens.
At this point it is pure rumor and speculation, however, word on the street is that Davis Homes in
While I don’t want to spread any untrue rumors, I do think I should let potential homeowners of any possible risk they might fact when entering a contract. If you are considering building a new
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This blog entry currently has 9 comments posted.
Mike Taylor
If Davis goes down here, this will be the second major builder within a year. Honestly, I really think this would be good for the area. Less builders = less competition. Builders over-saturating the market with a glut of new homes and crazy incentives are a major factor to our current market conditions.
Posted on 2007-11-23 08:44:51
Richard
There are sooooo many builders going out of business in our area, its crazy. However, its great for our buyer clients
Posted on 2007-11-26 06:58:08
Mike Taylor
Sam -
I do have one, it can be found here: http://www.indyrebaterealestate.com/blog/mike-taylor/rss/
I just haven't installed the button yet.
Posted on 2007-11-26 06:57:53
Bill Gibbons
Builders in the Destin Florida area are have a very tough time. The real story here is the condo glut. Also, 2004-2005 real estate buyers are now using short sales to get out of properties that they cannot afford.
However, in about one year the market will be severely over corrected and provide a tremendous buying opportunity. After all many of these are a waterfront and beachfront properties.
Posted on 2007-12-01 11:57:58
TNJ
I have heard many rumors about Indianapolis Builders many of which have come and gone throughout the year. The biggest one that I keep hearing about is Beazer!
Posted on 2007-12-10 18:52:31
carolyn stump
We had a deposit on a Davis home at Brighton Knoll and got our money back after after 6 months of excuses from Davis. There has been no new building activity at Brighton Knoll for about 4 months now.
Posted on 2008-06-09 06:52:06
XO
Davis is offically out of business-I live in one of their unfinished neighborhoods- and all the signs have been pulled and the offices cleaned out.
Posted on 2008-07-14 16:47:16
Sam Chapman
Seeing lenders go down is no surprise. I've been wondering about builders. Some of the high end custom builders in Austin have me curious. The high end isn't moving well and I wonder how long some of these guys can hang on.
Posted on 2007-11-23 08:40:05