2014 BUILDER 100 Company Profiles
An inside look at the strategic and tactical steps Toll Brothers took to land the $1.6 billion acquisition of Shapell Homes, double its...
The family-owned company increased closings by 41 percent in one year.
The California builder is fueled by superb land positions and a recent infusion of public money.
Years of careful expansion and land acquisition have led to a hefty payoff.
A conscientious Southern builder enters the ranks of the top 200.
The customer-oriented builder brings high-density infill housing to mainstream buyers.
Serving the mid-Atlantic region, the production builder has stayed on top by scaling down.
Sustainable features are front and center in the Wisconsin builder's homes.
Location: Aliso Viejo, Calif.
Year Founded: 2009
2013 Rank: 93
2013 Closings: 424
Growth Since 2012: 192%
Metrostudy Says: The firm's Villa Metro project stands out for delivering quality, well-designed, attainable new housing priced in the $300s to $400s in a market where that's not typical. Three of the four product lines are detached single-family homes—one would expect mostly attached townhomes and condos at that price point.
Going public marks the end of a long process for many companies, but the New Home Co. is just getting started. The California-based production builder raised $86 million in its January Wall Street debut, putting the already-thriving company on track for stellar gains. In fact, it is the fastest-growing company on this year’s Builder 100 list, expanding an astounding 192 percent last year in advance of its IPO.
Its success is fueled by smart land strategies that focus on markets where buyers will pay a premium for the firm’s thoughtful architecture and innovative floor plans. The company owns or controls more than 6,000 lots in prime northern and southern California locations and plans to open nine new communities this year and nine more in 2015. Its product mix includes elegantly designed single-family homes and condominiums, in styles ranging from Craftsman and Spanish to traditional, priced from the $300s to $3.6 million.
An unwavering dedication to customer satisfaction—a main objective of the five-year-old company—won’t change now that the company isn’t privately held, says CEO Larry Webb (pictured). In fact, customer surveys rule the day at New Home and are read and analyzed by all employees, starting with Webb. “We don’t have a single staff meeting where survey results aren’t reviewed and talked about,” he says.
It’s easy to see why the company’s executives are bullish on the future. “Now that we have everything in place, our real story is that over the next two years we’re going to grow significantly,” Webb explains. “Our focus right now is all about operational excellence.”
Source: Builder 100 data
Learn more about markets featured in this article: Los Angeles, CA.