Regency Homes closes up shop

The company, which has built a bunch of developments throughout the Des Moines area and in other parts of the state, has abruptly closed up shop after running out of financing. Regency's business and construction practices inspire some very strong opinions, but there's no escaping the fact that the company has been significant to the homebuilding industry in Iowa. It's a very big event for Iowa Realty, which sells most of Regency's new homes. On a related note, lots of Iowa homeowners are now looking for earthquake insurance. The quality of homebuilding has an obvious effect on the risk to life and limb posed by earthquakes.