Pierce Homes to close
GREENSBORO - A longtime home builder will soon close its doors, a casualty of the slowing economy.
Pierce Homes, a family-owned business that has been in operation for 26 years, has made the decision to close.
"This difficult decision comes as a direct result of the ongoing crisis in the housing and financial industries," according to a written statement from the company. "The management would like to express our sincere thanks to our dedicated employees, our vendors, and the thousands who have trusted our company to build their homes in the Triad."
Citing the process to liquidate assets with banks and attorneys, the statement said company officials would not comment further.
Pierce Homes is at least the second longtime home builder to fold this summer. Sandra Anderson Construction, owned by city councilwoman Sandra Anderson Groat, is in the process of closing.
