Newmark Homes Houston buying local TOUSA assets - Washington Business Journal:

http://besthomebuilder.blog.com/2011/04/07/that-you-should-know-about-steel-doors/
TOUSA plans to complete and sell all homes currently under Moody said the new company will beprivatelu held, locally owned and “Our management team has over 70 years’ combinerd experience,” he said. The new company plans to buil 60 homes ranging in pricedfrom $160,000 to more than $600,000 in the first 60 days of operation, which will officially begin June 15. Moodt said 55 employees of TOUSA will remain with the new companuy after TOUSA winds down its localbusinesa operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completedd an initial public offering inMarch 1998. In Decembefr 1999, TOUSA Inc.
acquired 80 percenft of Newmark’s stock. TOUSA Inc. also acquired 100 percentt of then-public in November 2000. On June 25, Engle merged with and the merged company changed its name toTOUSqA Inc. In March, Fla.-based TOUSA (Pink Sheets: TOUSQ) told the it plannef to lay off 156 peopl in the Houston area from its Newmari Homes brand beginning May 22 due to the downturnn in thehousing market.