John Laing Homes Builder of Roubion in San Ramon Files for Bankruptcy
In August of 2008, East Bay Business Times ran this story – John Laing Homes relocating in East Bay – Home builder John Laing Homes plans to relocate its Bay Area office, currently in Pleasanton, into smaller quarters along the Interstate 680 corridor after consolidating operations due to a slumping housing market.
On February , 2009, Channel 10 in Sacramento ran this story – John Laing Homes Shuts Down Sacramento Projects – The builder had eight new home communities in various stages of construction in Lincoln, Roseville, Sacramento and Folsom. Bay Area communities shut down are in Vallejo, San Ramon, Fremont and Sunnyvale, according to sources.
John Laing Homes was consistently recognized as one of the premiere home builders in the country.
J.D. POWER AND ASSOCIATES | ranked John Laing Homes in the top three for Customer Satisfaction by JD Power and Associates spanning from Sacramento, Los Angeles/Ventura, Orange County to Denver/Colorado Springs*.
BUILDER OF THE YEAR | A national award given by Professional Builder magazine
MOST ADMIRED BUILDER | A national award from Big Builder magazine, given to builders who view excellence as an infinite process.
NAMED TOP 10 | in the nation in overall customer satisfaction by the prestigious market research firm Eliant
BUILDER OF THE DECADE | A national award from Eliant for customer satisfaction.
AMERICA'S BEST BUILDER | A national award from Builder magazine and the National Association of Home Builders.
John Laing Homes won't be the last casualty of the declining housing market and worsening economy. The California Building Industry Association recently forecast construction of 63,400 units statewide during 2009. That would be 3 percent less than the record-low 65,380 units built in 2008.
While new home construction sinks and housing prices continue to settle, home sales continue to rise as investors and home buyers take advantage of slumping prices.
Our FREE In-Depth Market reports updated weekly, break data down by zip code and price point.
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3 Comments
I’ve found this site to be a source of good information on what is happening with John Laing Homes. I guess we can find out more about whether they are “trustworthy†from what they’re saying in their bankruptcy filings.
I rarely approve comments with internal links, but your post on John Laing Homes is a great post and I thank you for pointing me and our readers to it
Thanks for the compliment! There is much we can learn about these distressed builders from publicly-available filings, and we just don’t do that enough (or have the time to sift through legal docs).