Dec 03
And so it begins…
As the recession strengthens its grip on the economy across the nation, Texas realizes that we won’t buck the trend. Kimball Hill Homes filed for bankruptcy earlier this year. Now, Kimball Hill Homes has decided to shutter operations. Yep, bankruptcy will not solve its problems. This is the first, in what appears to be a long line, of failures awaiting the local housing industry. I hope someone is able to buy the company and resume operations. It is a bit disconcerting to see such a large builder go down.
Here is a link to the full story.
http://www.chron.com/disp/story.mpl/headline/biz/6144784.html
