CP Morgan was a family-owned homebuilding company, based in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. Founded in 1983, its headquarters were in

Indianapolis Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion ...

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, with additional offices in

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and

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. CP Morgan offered homes that ranged from 1,000 to , with starting prices of $95,000 - $260,000. The company focused primarily on single-family homes for first time and first time move-up homebuyers. CP Morgan was recognized as a winner of the National Award for Innovation in Workforce Housing of the National Association of Home Builders and the 2006 Silver Award of the National Housing Quality Awards. CP Morgan was recognized as one of the largest privately owned homebuilders in the United States.

History

The company was founded by Charles P. Morgan in

Indianapolis, Indiana Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Mari ...

in 1983. The company had built more than 24,000 homes in over 150 communities before going out of business in 2009. The company used the Rayco Model, which uses centralized management systems and buyer-driven concepts to streamline the home building process. In 2004, the company expanded to

Charlotte Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina. Located in the Piedmont (United States), Piedmont region, it is the county seat of Mecklenburg County, North Carolina, Meckl ...

, North Carolina, and in May 2007, CP Morgan continued their expansion by moving into the Piedmont Triad of North Carolina. Due to economic strain, CP Morgan pulled out of the triad effective November 19, 2008. In 2009, the company announced that it would be going out of business, citing the poor housing market as the reason why. Operations ceased February 27, 2009. Homeowners were serviced by their ongoing homeowners' New Home Warranties.

References

{{DEFAULTSORT:Cp Morgan Defunct companies based in Indianapolis