Two public builders expanded their reach with late spring acquisitions. KB Home moved to strengthen its position in the Midwest with the purchase of Indianapolis-based Dura Builders, which in 2003 closed more than 500 homes for $75 million in revenue. To bolster its Florida-feeder markets, WCI Communities bought Spectrum Communities, which last year posted 359 closings in New York, New Jersey, and Connecticut. The terms of the deal were not disclosed.
Learn more about markets featured in this article: Indianapolis, IN.