Quick on the heels of announcing a start-up operation in Phoenix, John Laing Homes is expanding into the Houston housing market with the purchase of Lindenwood Homes.

Closing 76 homes in the market in 2006, Lindenwood currently has five projects in various stages of development. Jeffrey Herrmann, vp of corporate development for Laing, says that despite Lindenwood's relatively small size, he expects to be able to grow the new Houston division quickly, mainly thanks to the management expertise of Lindenwood owner Jim Lemming.

"We hope to do 750 homes a year [in Houston] in four years, by 2010," Herrmann says.