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Clipped Wings
THE FIRST CASUALTIES OF THE HOUSING industry's downward slide have started to emerge. The biggest case so far is East Brunswick, N.J.–based Kara Homes, the industry's 127th largest builder in sales last year, which on Oct. 5 filed for bankruptcy protection from 1,000-plus creditors.
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Fast Track 2002: Crushing the Competition
If there's any builder on the list that personifies exponential growth, it's Kara Homes. "Every six months we double," says CEO Zudi Karagjozi, who projects 360 closings and $140 million in revenue this year.
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Diversification Spells Success for New Jersey's PRC Homes
Property management and commercial construction help to cushion the blows of the housing downturn.
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