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2005 BUILDER 100

Gemcraft Homes

2005 Rank
89
2004 Rank
94
CEO
William R. Luther Jr.
Address
2205 Commerce Rd., Suite A
Forest Hill, maryland 21050
Phone
410-893-8458
Web
www.gemcrafthomes.com
Status
Private

Activity

Closings: 2005
918
Closings: 2004
793
Percent change
16%
Revenue: 2005
$305 (in millions)
Revenue: 2004
$213 (in millions)
Percent change
43%

What they built in the U.S.

Detached for sale
735
Attached for sale
183
Condos for sale
N/A
Other for sale
N/A
Product mix
Active Adult
Regions
Northeast
Description
Closed two-thirds of all homes in Philadelphia market in 2005 ... expanded land department and increased land holdings ... Planning to begin building in Southern Virginia and North Carolina in 2006 ... projecting 47 percent closings growth this year, to 1,350 units.
 

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