TOUSA, Inc. (TOUSA) designs, builds and markets detached single-family residences, town homes and condominiums. The Company conducts homebuilding operations through its consolidated subsidiaries and unconsolidated joint ventures in various metropolitan markets in nine states, located in four geographic regions, which are also its segments: Florida, the Mid-Atlantic, Texas and the West. The Company markets its homes to a diverse group of homebuyers, including first-time homebuyers, move-up homebuyers, homebuyers who are relocating to a new city or state, buyers of second or vacation homes, active-adult homebuyers and homebuyers with grown children who want a smaller home (empty-nesters). On January 29, 2008, TOUSA and certain of its subsidiaries filed voluntary petitions for reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division.
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