The recession proves the public builder model is superior for survival, though it does have its achilles' heels.
A new builder business model has morphed out of the recession, one with multiple sources of cash to capture market share.
Expansion is now in the cards again for many companies in the 2013 Builder 100 ranking of the biggest builders in America.
Its closings this year are projected to jump 48% above 2012.
The builder has a decent lot supply in a market where there's been little residential development of late.
TRI Pointe Homes, whose initial public offering on Jan. 31 raised $200 million, has put some of the proceeds of its equity raise to work with the acquisition of 301 lots in three California communities.
-
The Florida-based builder copies its Canadian parent’s business model.
-
But increasing competition for finished lots may necessitate more site development.
Water and home price appreciation in the desert and information technology and data centers abound.
Phillippe Lord moved meritage from gut- to data-driven land buys.