BUILDER's premier lists of the top 200 builders in the country, the BUILDER 100 and the Next 100, are set to be released later this week. In light of that, we are counting down each day with some facts and figures gleaned from the data. Click here to see all of the numbers released so far.
As the economic recovery moves forward, builders have the opportunity to get business moving again. Today, we’re taking a look at the fastest-growing home builders in the BUILDER 100, based on closings.
TRI Pointe Homes led the way with an astonishing 575% growth in 2014 compared to the year before, fueled in part by its $2.8 billion acquisition from Weyerhaeuser Real Estate Co. (WRECO) of Washington, D.C.-area builder Winchester Homes; Maracay Homes in the Arizona market; Pardee Homes in Southern California and Nevada; Quadrant Homes in the Puget Sound market; and Trendmaker Homes in Texas’ hyperactive markets.
Meanwhile, Century Communities, Inc. increased closings in 2014 by more than 278%, with 2,059 closings compared to 544 in 2013. This company's massive growth follows the August 2014 purchase of Houston-based Grand View Builders, which added 13 communities and more than 600 lots to the company's portfolio.
College Station, Texas-based Stylecraft Builders saw solid growth during the year. The builder attributes that success to revamping its eternal process, especially the logjam in pre-construction department, reshuffling its management team, and its ability to collect affordable land in its smaller Texas markets. Stylecraft creatively amassed land over the last couple of years. The company followed developers into new markets and even bought unfinished land from individual; owners.
“We were really well positioned coming out of the recessions,” says Doug French, Stylecraft’s CEO. “We did a good job securing lot and land positions. Once the activity started, we had systems and infrastructure and mgmt. team to go out there to make this happen
This interactive shows the top 10 builders, their percentage of growth compared to 2013, and number of closings over the last two years.