Large Homebuilder May Be Near Bankruptcy

Woodside Homes, which bills itself as the third largest private homebuilder in the U.S., may be nearing bankruptcy.

The Utah-based company is part of a group of builders developing the Inspirada master-planned community outside Las Vegas. Other developers at the community include Toll Brothers (TOL Quote), KB Home (KBH Quote), Meritage Homes (MTH Quote) and Beazer Homes (BZH Quote).

The Inspirada project is being built on 2,000 acres in Henderson, Nev., that Woodside and the various joint venture partners purchased at auction from the Bureau of Land Management. The project was originally dubbed South Edge. ...