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2006 BUILDER 100

Gemcraft Homes

2006 Rank
98
2005 Rank
89
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: 2006
770
Closings: 2005
918
Percent change
-16%
Revenue: 2006
$265 (in millions)
Revenue: 2005
$305 (in millions)
Percent change
-13%

What they built in the U.S.

Detached for sale
500
Attached for sale
270
Condos for sale
N/A
Other for sale
N/A
Product mix
Active Adult
Regions
Northeast
Description
BOUGHT ASSETS of CDG Homes of Shrewsbury, Pa. … missed the mark on closings projection by almost 50% ... Philadelphia (company’s top market in 2005) was off big … entered Richmond, Va. … sold excess land to national builders … increased incentives to move spec home inventory.
 

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