FEATURES

  • Back To Basics

    A PROSPECTIVE CUSTOMER WALKS INTO A NEW-HOME SALES center. A sales consultant is sitting at a desk, talking on the phone. He looks up from his call, covers the mouthpiece, and says, “Brochures are on the counter, and the models are to the left. If you have any questions, just let me know.”

     
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    Outside In

    Special Focus: Interior Architechture.

     
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    Turning Radius

    BEST POWDER ROOM—REMODELED HOME

     
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    River Idyll

    BEST MASTER BATH IN A CUSTOM HOME

     
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    Beach Provincial

    BEST KITCHEN IN A SINGLE-FAMILY DETACHED CUSTOM HOME—3,000 TO 5,000 SQUARE FEET

     
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    Kid-Friendly

    BEST KITCHEN IN A SINGLE-FAMILY DETACHED REMODELED HOME—LESS THAN 3,000 SQUARE FEET

     
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    Chef D'Oeuvre

    BEST KITCHEN IN A SINGLE-FAMILY DETACHED REMODELED HOME—3,000 TO 5,000 SQUARE FEET

     
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    Clean Cut

    BEST KITCHEN IN A SINGLE-FAMILY DETACHED CUSTOM HOME—OVER 5,000 SQUARE FEET

     
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    Lean and Green

    BEST KITCHEN IN A SINGLE-FAMILY DETACHED REMODELED HOME—LESS THAN 3,000 SQUARE FEET; SPECIAL FOCUS—CUSTOM DETAILS

     
  • The 2006 Watermark Awards

    Make no mistake about it. if the winners of this year's Watermark Awards are any indication, the official rules that once governed the “wet areas” of the house are no longer. We're talking wood floors in a master bath (gasp!). Traditional kitchen cabinetry schemes deconstructed and rearranged to...

     
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    Next 100 Snapshots

    The BUILDER 100 companies weren't the only builders growing quickly during 2005. The average Next 100 company closed 495 homes during the year, up from 469 in 2004, and grossed $192 million, $42 million more than its 2004 take. Next 100 builders are well seasoned, too, averaging 23 years in...

     
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    BULDER 100 Snapshots

    A quick looks at the 2006 Builder 100.

     
  • Condo Craze

    Without a doubt, 2005 was the year to be a condo developer. Just look at the Novare Group's year-end performance. The Atlanta-based condo developer set a company record with 1,486 starts, breaking ground on four significant properties. “In 2005, we were in ramp-up mode, working on a lot more...

     
  • Modular Metamorphosis

    “You hate to win that way,” says one HUD-code producer, summarizing the sentiments of many manufacturers who saw a bounce in HUD-code unit orders in the aftermath of Hurricane Katrina. The FEMA orders for temporary housing totaled approximately 20,000, boosting manufacturers' numbers for 2005 to...

     
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    Standing Firm

    When it closed 250 homes two years ago, Altmann-Ott Homes ranked as Reno, Nev.'s fifth-largest builder. But this western market of 200,000 people, which issues around 5,000 permits per year, has since become a magnet attracting national builders, several of which “are finding ways to get 500 homes...

     
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    Lane Caves

    During his 20 years with Jim Walter Homes, Lane Caves has observed the builder's ups and downs, including a leveraged buyout, a bankruptcy reorganization, and several acquisitions. Jim Walter Homes' calling card has been on-your-lot construction, although recently it has diversified into land...

     
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    Alan Goldsticker

    Alan Goldsticker likens his Indianapolis division to a “good, solid growth fund.” Old reliable, he calls it.

     
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    Dan Fulton

    In the late 1980s, Weyerhaeuser Real Estate Co. was delivering 5,000 homes per year. But over the next several years, the Federal Way, Wash.–based company would undergo a downsizing transformation that, in retrospect, put it in a better position to expand today.

     
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    Barry Mccarron

    When Barry McCarron started with Hovnanian in 1984, the company was using a mere eight floor plans in New Jersey to build townhomes and two- to three-story condominiums.

     
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    Jeff Mezger

    Jeff Mezger built his first house when he was about 12 years old. He got the wood and steel from his dad, a Chicago-area builder.

     
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    Steven Petruska

    For Pulte, the 1990s were characterized by the company's feverish expansion of its geographical footprint. In that decade, Pulte's market total went from about 15 to 40. COO Steven Petruska's career path reflects that expansion.

     
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    Consistent Performers

    With home building operations in 77 markets across 26 states—which generated 51,383 new homes last year—D.R. Horton can get a good read on the health of the housing market. “There are pockets of weakness. For certain, 2006 will be a more challenging year for the industry and for D.R. Horton,” says...

     
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    In Command

    It seems safe to say that an increase is no longer in doubt. When that story was written, the BUILDER 100's market share stood at 24 percent. Today it's 36.57 percent, with the top 10 builders capturing nearly 21 percent on their own. Some prognosticators think that the largest 10 will soon account...

     
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    Staying Power

    Over the years, more than a thousand home and apartment building companies have ranked among the top 100 builders in our annual list. But just 11 have made the cut every year: Centex Corp., Hovnanian Enterprises, Jim Walter Homes, KB Home, Lennar Corp., M.D.C. Holdings, NVR, Pulte Homes, The Ryland...

     

EDITOR'S NOTE

  • Views From the Top

    WHEN WE STARTED COMPILING OUR FIRST BUILDER 100 list, the biggest companies were regional players, building only 10,000 homes a year. Highly leveraged and thinly capitalized, these businesses were often run by executives who had come up from the construction trades, and their management tools were...

     

HOUSE BLEND

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    Construction Countdown

    AFTER LONG MONTHS OF PLANNING, THE FIRST-ever Habitat for Humanity Home Builders Blitz is nearly ready to begin. One thousand builders are set to participate in the blitz, which will construct more than 500 houses at 158 sites across the country during the week of June 5. While most Habitat houses...

     
  • Future Tense

    THE RED-HOT HOUSING MARKET HAS DEFINITELY lost some of its sizzle. That's confirmed by the latest American Institute of Architects (AIA) Home Design Survey billings index, which tracks quarterly business conditions in 600 U.S. residential architecture firms.

     
  • Fair Swap

    THE CITY OF MIAMI HAS BEEN working with local builders and developers on an innovative land-exchange program aimed at making a dent in the market's affordable-housing shortage, which a new study claims is spreading throughout South Florida.

     
  • Going Up

    MOVE OVER, INFINITY TUBS AND WARMING drawers. Elevators are fast becoming the new status symbol in residential design.

     
  • Storefront

    ONE DRAWBACK OF A TRADITIONAL PLUMBING store or big-box retail outlet is that a buyer cannot actually see how a toilet or a faucet works. Plumbing giant Kohler has changed that: The company has opened its first freestanding store in the Chicago Merchandise Mart's LuxeHome.

     
  • The Big Fix

    IN AN UNUSUAL MOVE FOR A home builder, the Washington division of Brookfield Homes has told Prince William County, Va., officials that it will finance in excess of $100 million in road and railroad repairs in exchange for project approval of a mixed-use development near the Nissan Pavilion in...

     
  • Builder Briefs: May 2006

    - Consumer brands company Fortune Brands agrees to acquire building products company SBR - N.J. Supreme Court hears case to determine whether munciplaties can use eminent domain to aquire and preserve open space. - CEO of publicly-held William Lyon Homes proposes to take company private through...

     
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    Soaking It Up

    MOHAVE COUNTY, ARIZ., IS A CERTIFIABLE desert, but it boasts 158 square miles of water, including Lake Havasu and other parts of the Lake Mead National Recreational Area. That gives many the impression that there's plenty of water to support new development. But they couldn't be more wrong.

     

INSIDE STORY

  • Defect Detente

    THIS SUMMER, 60,000 TEXAS RESIDENTS who purchased houses from KB Home over the past decade will receive notices that warranty disputes with the builder don't need to be settled through binding arbitration.

     
  • Let's Split

    Say hello to the splitters. They're defined as “individuals who own at least two homes and split their time between them for recreation, work-life balance, or to connect with family and friends,” according to a recently released, first-ever survey of this buyer group, commissioned by Bonita Springs...

     
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    Battle Lines Drawn

    A COALITION OF BUILDERS AND REALTORS in Florida filed a lawsuit earlier this year in the state's Second Judicial Circuit Court in Leon County to challenge an inclusionary zoning law that the city of Tallahassee passed in spring 2005 to provide more workforce housing.

     

PROFILE

  • Every Jobsite a Stage

    AS MARKETS TIGHTEN AND builders look for ways to protect their margins, the next few years could prove to be a good time for consultants who can show them how.

     

FIRST DRAFT

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    Porch Primer

    PORCHES ARE A DISTINCTIVE AMERICAN DEVELOPMENT, ORIGINALLY ADOPTED FOR PRACTICAL MEASURES OF weather protection and cooling.

     

MARKET SMARTS

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    Model Behavior

    HARD TO BELIEVE, BUT NO SALES CENTER FOR AN ATLANTA condominium project had ever provided a full-scale model ... until Eclipse.

     
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    Cirque du Sales

    EVERYONE KNOWS THAT A GRAND-OPENING EVENT FOR A NEW project or phase can be a circus, but that's just what the team at Everest Development Co. wanted for Landmark, a mixed-use project featuring a 12-story, 122-unit condo tower in Greenway Village, Colo., just down the I-25 corridor from Denver.

     
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    Center of Attention

    THE DISCOVERY CENTER AT SOUTH LAKE UNION IN Seattle is what you'd expect from a development company owned by Microsoft co-founder Paul Allen: In addition to a striking overall design, just inside the 11,000-square-foot facility's massive front windows are six translucent panels on which animated...

     

THE NUMBERS

  • Calendar Check

    CALENDARS FLIPPING TO MAY TYPICALLY signal the heart of the spring selling season. But heading into housing's busiest time of year, local and national data point to rising inventories and slowing sales, and industry experts acknowledge that this spring will be different from those of recent years.

     

DIGITAL HOME

  • AT&T Goes West

    ONE OF THE FIRST BIG RESIDENTIAL SPLASHES to come out of last year's merger of AT&T and SBC is an exclusive marketing agreement the new AT&Tsigned with Kiley Ranch, a “live, work, play” development in the Spanish Springs Valley in Sparks, Nev., a suburb of Reno.

     
  • Digital Briefs: May 2006

    - Leviton's Acenti collection of dimmers, switches, and receptacles wins a Good Design award for electronics from the Chicago Athenaeum Museum of Architecture and Design. - Telecom provider Shentel to build a fiber network for Legacy Custom Homes in its newest community, Tackley Mill, in Ransom...

     
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    New Direction

    SMARTHOME, BEST KNOWN AS AN ONLINE distributor of home automation products, has reconfigured its corporate image, changing its name to SmartLabs to better reflect the company's recent shift toward new product development.

     

TECH TOOLS

  • Reflex Action

    SKEPTICS SAID IT COULDN'T BE DONE, BUT Reflex Software Solutions of Edmonton, Alberta, Canada, which is better known in the real estate market, has developed a complete construction management system for small to midsize home builders.

     
  • Tech Briefs: May 2006

    - Chameleon Technologies is now shipping Builder-Vision, a Web-based options management tool for new-home buyers. - Alpharetta, Ga.-based Smart Builder Solutions, to market a full construction management system together with a workflow tool.

     

NATIONAL BEAT

  • Powering Down

    AS RISING ENERGY COSTS continue to make headlines, builders and home buyers have become more aware of the need to reduce energy consumption. Granted, many builders include at least some power-conserving features in homes, such as energy-rated appliances and windows. But overall, the production of...

     
  • High Standards

    SINGLE-FAMILY BUILDERS PRODUCED RECORD numbers of homes during the past year, and those homes were larger and contained more amenities than ever before. Furthermore, the American home buyer has become more and more demanding as time has gone by. And, as if things were not tough enough, builders...

     
  • Laborsaving Efforts

    THE HOUSING MARKET HAS BEEN VERY GOOD TO homeowners in recent years. Most markets have seen significant increases in property values; nationwide, homeowners now have more than $11 trillion in equity. The homeownership rate has also increased, and more than two-thirds of the population now own their...

     
  • NAHB Briefs: May 2006

    - The NAHB's education simulation program is named as a finalist for the first Computers for Youth Family Learning Software of the Year Award. - The National Housing Endowment receives a $1 million gift from The M/I Homes Foundation. - The NAHB releases a national study of more than 350 builders'...

     

HOTSELLERS

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    Best of Both Worlds

    WHY IT WORKED: With units starting at 2,107 square feet, the Georgian-style town-homes at The Fountains are every bit as spacious as nearby single-family abodes, minus the maintenance. Landscaping, snow removal, lawn care, and roof upkeep are handled by the HOA.

     

OTHER ARTICLES

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    Santa Barbara, Calif.

    ALTHOUGH OCCUPIED FOR MORE THAN 10,000 YEARS BY Native Americans known as the Chumash, Santa Barbara was formally founded in 1782 as the site of a new presidio, one of a chain of forts built to protect Spain's interests along the California coast.

     
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    Work the Plan

    THE MCMANSION IS dead! Long live the Jewel Box! Or so the housing industry tea leaves read to those looking beyond the next gated community. Whether driven by rising construction costs, shrinking lot sizes, increased urban infill, or aging baby boomers demanding high style in smaller footprints...

     
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    American Classic

    WHY IT WORKED: Located in the much-coveted West Bloomfield school district, Harbor Village exudes the easy charm of a small town in otherwise bustling Oakland County, Mich. The only TND in Keego Harbor, the community has broad appeal to first-time buyers, empty-nesters, and families.

     
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    Par for the Course

    WHY IT WORKED: Deriving its name from the Spanish word for enchantment, this handsome enclave of 37 semi-custom homes is nestled amid rolling hills on the first and second fairways of a par 70 golf course. With year-round balmy weather and proximity to San Diego's prime beaches, it's the stuff that...

     
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    Bracing Narrow Garage Walls

    Q: My building department says that parts of my house plans—such as the walls next to the garage-door openings—don't meet wall-bracing rules. How can I address these requirements?

     
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    Small Builders Join Forces

    Small builders who typically erect 10 to 12 houses a year, Tumolo Building of Saline, Mich., and Fenton, Mich.–based Majestic Partners are working together on Mystic Ridge with the slightly larger Ann Arbor Builders of Ann Arbor, Mich. To do so, they must drop a formerly competitive stance. By...