The housing industry requires more than just construction skills from home builders who want to succeed. It requires financial savvy, and the flexibility to seize new opportunities when the economy dictates.
Washington, D.C. (PRWEB) March 18, 2009
BUILDER's annual "America's Best Builders" awards prove that discipline and focus are essential for home builders in today's weakened housing industry. This year's winners practiced strong financial control, a trait that tended to make or break home builders as the housing industry -- and the economy -- started their downward trend.
Two-time winner EYA boasts over $1 billion in lifetime revenue, thanks in part to the home builder's creation of cohesive urban neighborhoods that entice buyers even in today's economy. The Dragas Cos.' lack of debt allowed the home builder to seize lucrative opportunities despite housing industry decline. The third winner, Estes Builders, ended 2008 with enough cash to expand into new housing industry markets.
"As home builders face a new economy, they're learning that biggest isn't always best," says BUILDER's editorial director Boyce Thompson. "The housing industry requires more than just construction skills from home builders who want to succeed. It requires financial savvy, and the flexibility to seize new opportunities when the economy dictates."
"Major Makeovers" features one of these opportunities: remodeling. Many home builders see remodeling as an attractive secondary revenue stream, since remodeling projects carry less risk and increase home value. Plus, the economy has created thousands of foreclosures within the housing industry that need remodeling before they can be sold.
In "Major Makeovers," BUILDER examines remodeling's pros and cons as illustrated by three large-scale rehab projects. Housing industry experts expect remodeling to become even more popular with home builders in time, as consumers demand green features and energy efficiency in older homes.
Online, readers can discover 2009's 15 healthiest and weakest U.S. housing markets. They can also attend this year's Presidential Seminar by viewing a free series of webinars through March and April. For breaking news, past issues of BUILDER Magazine and other features, visit http://www.Builderonline.com.
About Hanley Wood:
Hanley Wood, LLC, is the premier media and information company serving housing and construction. Through four operating divisions, the company produces award-winning magazines and Web sites, marquee trade shows and events, rich data and custom marketing solutions. The company also is North America's leading publisher of home plans. Hanley Wood Business Media (Washington, D.C.), publishes 30 award-winning residential and commercial construction titles, including BUILDER, REMODELING, CUSTOM HOME, CONCRETE CONSTRUCTION and residential architect. Hanley Wood Business Media also offers the construction industry's foremost collection of Web sites, including BUILDER ONLINE, REMODELING ONLINE, and ebuild, the comprehensive online guide to building products, as well as the largest collection of house plans online through eplans.com and Dream Home Source.
Founded in 1976, Hanley Wood is one of the ten largest B-to-B media companies in the United States. Hanley Wood is owned by affiliates of JPMorgan Partners, which uses CCMP Capital Advisors to manage this investment.