It sure is hard to keep up with all the rumors being floated about Houston-based Royce Builders over at the Implode-Explode forums. Has Royce Homes declared bankruptcy? Have recent Royce homebuyers in SouthFork been having problems with undiscovered liens? Were company parties truly that wild? Are layoffs imminent? Is Royce about to move its offices to a more . . . uh, residential setting?
An abortive news report by Fox 26 Reporter Isiah Carey, scheduled to air last Friday, doesn’t appear to have cleared up any of the questions. The Fox 26 news site reported that Carey was threatened with arrest by a Royce employee — identified by some posters on the Implode-Explode forums as VP Shawn Speer, son of company president John Speer. It’s likely the threats didn’t end there, however: the story has since mysteriously disappeared from the station’s website.
As one poster on the forum angrily suggests, it’s all probably just a big misunderstanding:
Just like the analogy of a run on a bank, things like this can become a self-fulfilling prophecy when too many people buy into it and effectively give up – blowing off walks or closings, and otherwise just flat not doing their job. Did you not get paid today? If these things I have read posted are truly your beliefs, at least resign and stop being paid for nothing…
- Royce Homes – Houston-based home builder [The Home Builder Implode-o-Meter, via Swamplot Inbox]
- Royce Builders in Trouble? [Implode-Explode Forums]
- Is Royce Builders Suffering Financially? [MyFox Houston]
Photo of SouthFork Information Center: Royce Homes