Local Building Company Puts Brakes on Production

Full story: WFMZ

One of the region's largest builders has stopped building. Montgomery County-based T.H. Properties says it's temporarily shutting down operations because of the economy.

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April showers

Reeders, PA

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#2
Apr 22, 2009
 
Good! Alot of us are sick of the population anyways.I am sure the wildlife are very pleased..Builders need to play in the dirt in there own backyard.
Fight for your rights

Harleysville, PA

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#3
Apr 22, 2009
 
THP Employees who were denied their pay are encouraged to file a complaint with Pennsylvania Labor & Industry. Payroll is suppose to be set aside ahead of time. Failure to compensate employees is illegal and comes with harsh penalties. Fines of $300 per occurence & up to 90 days in jail per occurence.
Fight for your rights

Harleysville, PA

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#4
Apr 22, 2009
 
Website for filing a complaint with Pennsylvania Labor & Industry is http://www.dli.state.pa.us/landi/cwp/view.asp... |3876|&landiPNavCtr=|1029| &TNID=4132#3880
Joe

Orefield, PA

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#5
Apr 22, 2009
 
Good. These developers are part of the reason for the fall of the economy.
Waiting2buy

United States

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#6
Apr 22, 2009
 
Good Luck getting those developments done. NOT! The company will go under along with all the money to finish the roads, put in lighting, finishing the unfinished homes, etc... Ask the owners in Berks County about unfinished developments where the builders skipped town. The chopping block is where those unfinished homes and unsold lots ended up for a huge price reduction compared to what the first home builders paid. Not to mention the unfinished developments are such an eyesore and somewhat unsafe. Talk about over paying for your home and seeing all that money go down the drain. OUCH!!!
Mike

Lebanon, PA

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#7
Apr 22, 2009
 
Good for them, they have gouged enough people and built shitty homes at that....
Whitfield Estates

Piscataway, NJ

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#8
Apr 22, 2009
 
TO ALL WHITFIELD ESTATES HOMEOWNERS:
I have been told by THP that a walk through with the township would be conducted before the town takes the development over this summer. This was before they were shutting down. I have sidewalks all cracking and there has not been any street or driveway paving completed. We also have standing water in the retension basin that shouldn't be. As homeowners, where do we stand?
Home-r

United States

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#9
Apr 22, 2009
 
I'm hearing Haines & Kibblehouse may be financially backing THP or out right purchasing the operations?
Whitfield543

United States

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#10
Apr 22, 2009
 
Theres not much to woory about. Macungie is one of the fastest growing areas in PA. This has happened to so many other developments, and a new developer just comes in and buys whats left and finishes it. But that might not be for a while. As for the township taking over this summer, that would only happen if THP dedicated the development to the township. And that did not happen yet and it may be a long time for that. APRIL SHOWERS - Get used to it, builders are not going anywhere.
Bill from Coopersburg

United States

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#11
Apr 22, 2009
 
Having another builder shut down is the best thing that could happen. How many more buildings can we stuff into the small open space we have left. It's time to stop the building madness, stop providing our politicians the opportunity to raise our taxes, time to sit back and enjoy life without having more traffic, and more congestion.
Hmmmm

United States

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#12
Apr 23, 2009
 
I feel bad for the people who will now be out of work but I am glad the overcrowding of our small towns and the destruction of our fields will stop--even if just for a little while.
Waiting2buy

United States

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#13
Apr 23, 2009
 
Not much to worry about??? WHAT??? I hope that is sarcasm. The northeast is finally being affected by the country's housing collapse. Prices are finally falling since the run up of 2005 thru 2008. A new developer will not come in during these tough times. So many construction companies are going under. They got greedy, building so many homes on such small tracts of land, inflating prices for those who stupidly bought them and built them cheaply. Once the companies go under, you canít go after them and therefore your repairs will be on your shoulders. It will be years till the development is finally completed. Your township will foot the bill for the roads and lights to be done youíre your taxes will go up as a result. Wake up, the worst is yet to come for the northeast. Prices rose way too quickly everywhere and they will fall this year well into next year. Do the research on counties such as Berks, Montgomery and Chester and you will see they too will take a huge hit in 2009-2010. Everyone in the northeast is in such denial!!!
Getitright

Finksburg, MD

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#14
Apr 23, 2009
 
It is truly a shame for all the individuals that had downpayments on homes that are 1/2 finished or not even started, as they will most likely not receive their money. Townships will not be footing the bills to complete the roads and lights, as they all require that funds are escrowed to complete complete the improvements. In many cases the Township's estimates of these costs is overstated. Taxes will not increase as a result of these events.
Mike

Easton, PA

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#15
Apr 23, 2009
 
Whitfield Estates wrote:
TO ALL WHITFIELD ESTATES HOMEOWNERS:
I have been told by THP that a walk through with the township would be conducted before the town takes the development over this summer. This was before they were shutting down. I have sidewalks all cracking and there has not been any street or driveway paving completed. We also have standing water in the retension basin that shouldn't be. As homeowners, where do we stand?
You lose they will file for banrupt and you lose they have no money to do anything. I quess you will want the Goverment to bail you out also. Why not they will be running our lives soon welcome to Russia comrad.
Mike

Easton, PA

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#16
Apr 23, 2009
 
Getitright wrote:
It is truly a shame for all the individuals that had downpayments on homes that are 1/2 finished or not even started, as they will most likely not receive their money. Townships will not be footing the bills to complete the roads and lights, as they all require that funds are escrowed to complete complete the improvements. In many cases the Township's estimates of these costs is overstated. Taxes will not increase as a result of these events.
Dont be so sure taxes wont go up they are looking for money anwhere they can get it no one is safe.
The Real Truth

United States

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#17
Apr 23, 2009
 
Getitright... You have it sooooo wrong. Yes, the township will be responsible to foot some of the bill. And knowing the size of the unfinished development you are looking at quite a bit of money. Check into Berks County where two towns now have to pay over $250,000+ of their taxpayerís money to finish roads and lights. Yes they are getting some money from the companies that went bankrupt, but most of that money will be gone before townships get any. It is happening all over the country. Do your homework and know your facts! Those currently living in the unfinished developments should worry!
ummm yeah

United States

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#18
Apr 23, 2009
 
"GETITRIGHT" aka THP Properties.

Isn't THP located in Harleysville???

Just curious.
hugh dunns

AOL

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#19
May 4, 2009
 
do you know mr. sitesinger. he got paid off,to keep his mouth shut. t.h.p. wins again.
Curious

Jamison, PA

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#20
May 5, 2009
 
Does anyone know what will happen to the out of work and unpaid contractors? Is there a way to hire these workers if someone wanted a home repair? There isn't any benefit to any of us to have more people out of work.

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