What's happening with the empty lots?

I would like to know if anyone knows what is going on with TR Hughes and the empty lots. I see that they are now trying to sell houses in our subdivision starting at $150,000. When we recently refinanced and had an appraisal done, it was disheartening to see how much our property value had dropped. If they are going to build smaller homes, it will only add that that devaluation. Thanks for any information anyone has. Jeanne (1335 Dayton Lane)