Mattamy Homes, the Brampton, Ontario-based builder, expects to be building between 4,000 and 5,000 new homes per year by 2013, more than four times its current production level.
The company, which first entered the U.S. in late 2003 via acquisitions in Jacksonville, Fla., Charlotte, N.C., and Minneapolis, and expanded into the Phoenix market last year, now runs its American operations from a headquarters in Winter Park, Fla., which opened last summer. Around that same time, Mattamy hired Steve Parker, the former president of Morrison Homes, to head up its American operations.
Parker left Morrison last July after that builder merged its operations with Taylor Woodrow Homes.
Parker tells BUILDER Online that Mattamy-which also expanded its Canadian operations by moving into Ottawa last year, and Calgary and Edmonton, Alberta in 2008-will grow in the U.S. either by acquiring land that other builders are selling or walking away from, or acquiring raw land and developing it for its own construction or to sell to other builders. (In 2007, Mattamy built approximately 700 homes in the U.S.)
Over the next 24 months, Mattamy will be expanding its operations into Orlando and Tampa, Fla., and into Tucson, Ariz., with homes that will range from 2,000 to 2,500 square feet and $150,000 to $300,000. However, Parker is quick to point out that his company's growth in the U.S. will be contingent on the market stabilizing. If that occurs, Mattamy should have its first community in Orlando by the first quarter of 2009, and in Tampa by the second half of that year.
When asked why be believes Mattamy can be successful in the U.S. at a time when so many other builders are struggling, Parker says that some of the markets it's in-such as Charlotte, where home prices actually increased last year by 4 percent; and Minneapolis, which isn't plagued by massive inventory overhang-haven't been hit as hard by the downturn as other areas.
That being said, Mattamy Homes doesn't have national aspirations, says Parker, but wants to become a stronger regional builder.