The housing crisis wiped out half of the homebuilders in the U.S. This is the story of one that survived, but emerged from the recession to find both itself and its industry drastically changed. Ron Russell Sr. founded R. Russell Builders in 1956, and the company found success in converting large tracts of raw farmland in Chicago’s western suburbs into tidy subdivisions. His son, Ron Russell Jr., was at the helm of the family business when the crisis hit, and he’s charting a course for R. Russell Builders in a housing market that’s still chastened from the recession.
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