by Calculated Risk on 12/04/2008 11:05:00 PM

Home builder Kimball Hill filed for bankruptcy protection back in April. Now they are closing down ... and this reminds me of this great photo. Click on photo for larger image in new window. This photo of a Kimball Hill advertisment was taken at the Sacramento Airport by Itamar in January 2008. Hmmm ... bubble anyone?

From the Sacramento Bee: Another home builder falls

The prolonged housing downturn has claimed a new casualty, Chicago-based Kimball Hill Homes, a Sacramento and north San Joaquin Valley home builder since 1995.

The firm announced Tuesday it is going out of business.

The announcement came eight months after the privately held, medium-size builder filed for Chapter 11 bankruptcy protection. It builds houses in Sacramento, Rancho Cordova and Stockton.