The housing downturn has claimed a local powerhouse: Davis Homes, one of the stateâ€™s largest local homebuilders, ceased operations today after its fight for survival came up short. The company joins more than 30 homebuilders nationwide who have discontinued operations since 2007. The builder said it has secured warranty insurance so Davis homeowners will be covered. It also has arranged for regular maintenance and is looking for other homebuilders to complete its neighborhoods. The full story is here
. IBJ first reported on the grim prognosis for Davis back in May. You can read that story here
. What does this mean for the local housing market? What's next?