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. More
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. More
