Tuesday, January 29, 2008

Tousa Goes BK

by Calculated Risk on 1/29/2008 11:26:00 AM

From Bloomberg: Tousa, Florida Homebuilder, Files for Bankruptcy

Tousa Inc. ... sought bankruptcy protection from creditors ... Tousa, now the largest builder in bankruptcy and at least the 14th to file since June ...
TOUSA was the #13 largest builder in 2006 according to BuilderOnline. I believe the largest home builder previously to go bankrupt was #50 Levitt & Sons. Here is the BuilderOnline top 100.