In a record year for housing, these fast-growing builders set a dizzying pace. Our fourth annual list shows who can race with the pack.

By Alison Rice/List research by Loretta Williams

Every moment matters when you're on the fast track. At every turn, hungry competitors surround you, seeking the inside edge. On the straightaways, you must maintain your speed or risk losing your position. And in the pits, your crew must be the fastest--or watch victory slip away by just fractions of a second in the final laps.

Sounds like NASCAR, but fast-growing home builders also know that the right mix of strategy, speed, and seamless teamwork can propel them to the winner's circle of profitable growth.

It's a race builders must master if they want to expand their companies in a time when so many builders are scrambling for market share. Yet, despite consolidation, grow they have. In 2001, Fast Track builders closed 102,350 homes, achieving a compound annual closings growth rate of 100 percent. They performed financially, too, generating more than $25 billion in revenue with an average three-year growth rate of 44 percent.

Fast Track 2002
All for One
Crushing the Competition
Rankings #1-47
Rankings #47-91

But average doesn't begin to describe these fast-growing builders. Founded in 1999, Kara Homes of East Brunswick, N.J., went from $1 million to $34 million in revenue in just three years, making it the fastest-growing builder on our list, with 483 percent revenue growth. In closings growth, Amber Homes of Aurora, Colo., is tops (1,675 percent, just edging out Kara), but bows to Kara in revenue with "just" 294 percent growth. Past performers have also maintained their presence on the Fast Track. Last year's No. 1 builder, World Development of Palm Desert, Calif., remains among the fastest of the fast trackers, landing the No. 3 spot with 160 percent revenue growth. Two builders have stayed in the top 25 for three years running: McDaniels Homes of Lanham, Md., and Zausa Development Corp., based in Orland Park, Ill. Continuing to grow quickly and well is a challenge; just 10 builders have made the list every year since its inception four years ago (see "Fast Track Hall of Fame").

For many fast trackers, their dedication to teamwork, with all the flexibility, speed, and creativity it contributes, provides their competitive advantage in their drive for the checkered flag.

Rank Company/Address % Gross Revenue Change 1999-2001* 2001 Gross Revenue** % Closing Growth From 1999-2001 2001 Closings (What They Build) Year Founded No. of Employees
Key: EL = Entry-level, MU = Move-up, LUX = Luxury/Custom, AA = Active adult, SEC = Second home
*Revenue change = the compounded annual growth rate over three years. **In millions
1

Kara Homes 197 Rt. 18, Suite 202N, East Brunswick, NJ 08816

483%
$34
1,650.00%

105 EL, MU, LUX, AA, SEC

1999
100
2

Amber Homes 4901 E. Hampden Ave., Suite 320, Aurora, CO 80014

294%
$31
1,675.00%

213 EL, MU, SEC

1998
32
3

World Development 74333 Highway 111, Suite 103, Palm Desert, CA 92260

160%
$27
196.77%

92 EL, MU

1997
32
4

Hallmark Communities 10675 Sorrento Valley Rd., Suite 200 B, San Diego, CA 92121

95%
$84
71.96%

184 EL, MU, LUX

1982
33
5

Brownstone Homes 12670 S.W. 68th Ave., Suite 200, Portland, OR 97223

90%
$18
246.88%

111 EL, MU, AA

1998
11
6

Forrest Homes 4040 Nina McFarland Dr., Suite 1100, Alpharetta, GA 30004

80%
$29
158.75%

207 EL

1998
33
7

Newcastle Construction 433 Highway 13, Helena, AL 35080

73%
$6
187.50%

23 MU

1997
6
8

Syncon Homes 1380 Lead Hill Blvd., Suite 201, Roseville, CA 95661

71%
$73
138.94%

270 EL, MU, LUX

1995
50
9

Renaissance Housing Corp. 12030 Sunrise Valley Dr., Suite 170, Reston, VA 20191

70%
$176
268.18%

324 LUX

1985
100
10

Town & Country Home Builders 1807 S.W. S. Macedo Blvd., Port St. Lucie, FL 34984

69%
$2
150.00%

15 MU, SEC

1998
2
11

Patrick Malloy Communities 851 Cedar St., Carrollton, GA 30117

67%
$25
164.71%

135 EL, MU

1997
35
12

Kalian Corp. 225 Highway 35, Red Bank, NJ 07701

66%
$116
299.38%

643 EL, MU, AA, SEC

1986
155
13

KFarrell/Parkside Homes 16000 Memorial Dr., Suite 250, Houston, TX 77079

65%
$30
93.28%

230 EL

1998
31
14

Summit Homes 200 W. River Dr., St. Charles, IL 60174

64%
$46
170.59%

177 EL, MU

1992
58
15

M.B.K. Homes 175 Technology Dr., Irvine, CA 92618

63%
$96
142.22%

327 EL

1995
56
16

Zausa Development Corp. 10709 Winterset Dr., Orland Park, IL 60467

61%
$13
109.68%

65 EL, MU

1996
13
Rank Company/Address % Gross Revenue Change 1999-2001* 2001 Gross Revenue** % Closing Growth From 1999-2001 2001 Closings (What They Build) Year Founded No. of Employees
16

Mauri Construction P.O. Box 347, Avon, CO 81620

61%
$13
100.00%

20 LUX, SEC

1997
150
18

Longford Group 3077 E. Warm Springs Rd., Las Vegas, NV 89120

59%
$66
115.75%

548 EL, MU

1991
119
18

Ole South Properties 275 Robert Rose Dr., Murfreesboro, TN 37129

59%
$53
132.16%

462 EL

1988
30
20

McDaniels Homes 9470 Annapolis Rd., Suite 226, Lanham, MD 20706

58%
$15
89.29%

53 EL, MU, LUX

1995
8
21

Gehan Homes 1101 N. Union Bower Rd., Suite 160, Irving, TX 75061

55%
$125
111.06%

840 EL, MU

1991
180
22

Hometowne Building Co. 37899 W. 12 Mile Rd., Farmington Hills, MI 48331

53%
$54
108.96%

140 EL, MU, LUX

1995
57
23

Dunmore Homes 2150 Professional Dr., Suite 150, Roseville, CA 95661

50%
$97
53.64%

401 EL, MU, LUX

1953
91
23

Bowen Builders Group 4460 Commerce Dr., Buford, GA 30518

50%
$159
119.17%

903 EL, MU

1993
66
25

Marrano/Marc Equity 2730 Transit Rd., West Seneca, NY 14224

49%
$96
62.63%

309 EL, MU, LUX, AA, SEC

1956
66
26

Pacific Century Homes 40925 County Center Dr., Temecula, CA 92591

48%
$164
118.93%

821 EL, MU, LUX

1995
280
26

Meritage Corp. 4050 W. Park Blvd., Plano, TX 75093

48%
$747
99.03%

3,270 EL, MU, LUX

1985
500
28

Century Builders Group 7270 N.W. 12th St., Suite 410, Miami, FL 33126

47%
$115
44.52%

620 EL, MU

1999
121
28

Ernest Homes P.O. Box 1008, Richmond Hill, GA 31324

47%
$13
84.21%

70 MU

1987
20
30

Ivanhoe-Huntley Homes 7001 Orchard Lake Rd., Suite 200, West Bloomfield, MI 48322

45%
$63
194.81%

227 MU, AA

1989
40
31

R.J. Moreau Cos. 24 Eastman Ave., Suite C2, Bedford, NH 03110

44%
$31
48.39%

138 EL, MU, AA

1992
25
31

Astoria Homes 9555 Del Webb Blvd., Las Vegas, NV 89134

44%
$159
94.54%

819 EL, MU, LUX

1995
105
Rank Company/Address % Gross Revenue Change 1999-2001* 2001 Gross Revenue** % Closing Growth From 1999-2001 2001 Closings (What They Build) Year Founded No. of Employees
33

TK Constructors 5141 W. Hessler Rd., Muncie, IN 47304

43%
$45
45.00%

435 EL, MU

1990
115
33

The Drees Co. 211 Grandview Dr., Fort Mitchell, KY 41017

43%
$806
56.81%

2,719 EL, MU, LUX, AA

1928
930
35

Sotherby Homes 4975 Preston Park Blvd., Suite 360, Plano, TX 75093

41%
$48
134.72%

169 EL, MU

1995
40
35

Christopherson Homes 1315 Airport Blvd., Santa Rosa, CA 95403

41%
$131
38.66%

269 EL, MU, LUX

1989
108
37

Kyle Carter Homes 3851 Fruitvale Ave., Bakersfield, CA 93308

40%
$65
101.42%

425 EL, MU, LUX

1975
131
38

Stillbrooke Homes 8901 Adams N.E., Suite A, Albuquerque, NM 87113

39%
$29
42.68%

117 EL, MU, LUX

1997
29
39

Neumann Homes 4355 Weaver Pkwy., Warrenville, IL 60555

38%
$211
63.88%

1,098 EL, MU

1992
225
39

Hubble Homes 701 S. Allen St., Suite 104, Meridian, ID 83642

38%
$80
57.02%

705 EL, MU

1986
66
41

Anderson Homes P.O. Box 1237, Lodi, CA 95241

37%
$71
46.45%

227 MU

1989
45
42

The Knight Group 9497 Thornton Blvd., Jonesboro, GA 30236

35%
$64
72.43%

419 EL, MU

1978
50
42

Ryan Building Group 945 N. Plum Grove Rd., Suite G, Schaumburg, IL 60173

35%
$186
61.43%

770 EL, MU

1991
153
44

Sterling Communities 2700 N. Military Trail, Suite 360, Boca Raton FL 33431

34%
$47
73.42%

137 EL, MU, LUX, SEC

1996
22
44

K. Hovnanian Enterprises 10 Highway 35, Red Bank, NJ 07701

34%
$1,749
80.23%

6,791 EL, MU, LUX, AA

1958
2,400
44

Gateway Homes 10255 Richmond Ave., Suite 400, Houston, TX 77042

34%
$66
29.83%

457 EL, MU

1990
55
47

Holiday Builders 2293 W. Eau Gallie Blvd., Melbourne, FL 32935

32%
$175
46.07%

1,690 EL

1983
178
47

Youngquist Homes2401 Weston Pkwy., Suite 101, Cary, NC 27513

32% $7 40.00%

7MU, LUX

1984 13

Fast Track 2002: Rankings #47-91