Friday, January 25, 2008

Another National New Home Builder with Local Presence in Trouble?...

Kimball Hill, a national builder with local presence (Ashton Oaks, in Wesley Chapel) is reported to be in negotiations with lenders and its future is uncertain. In a recent SEC filing, Kimball Hill states: "substantial doubts about whether we will be able to continue as a going concern."

There is a growing number of new home builders struggling for survival in today's market and fallout is expected with several in the next year.

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