National builders moved to shore up their market share in both Washington and Jacksonville, Fla., at the end of the summer. Hovnanian Enterprises bought McLean, Va.–based Rocky Gorge Homes for an undisclosed amount of cash. Last year, Rocky Gorge delivered 79 homes with an average sales price of $481,000. M.D.C. Holdings bought Watson Home Builders of Jacksonville with an eye on becoming a top-three builder in the market in 2005.
Learn more about markets featured in this article: Orlando, FL.
