Washington, D.C. (PRWEB) June 02, 2011
BUILDER magazine honored D.R. Horton with its Builder of the Year award last week at its Housing Leadership Summit in Chicago.
BUILDER, the leading publication for the residential construction industry, presents an award each year to the company that has had the most profound impact on the home building industry. The magazine considers the company’s strategy, achievements, and ability to attain goals.
In presenting the award, Boyce Thompson, BUILDER’s editorial director, noted that D.R. Horton had worked overtime to retain its position as the largest builder in America in 2010 based on its number of homes closed. Horton has held the top spot on the magazine’s BUILDER 100 list for each of the last nine years.
The company’s No. 1 position was jeopardized when Pulte bought Centex in April 2009 to become the largest builder on paper. Combined, Pulte and Centex managed to close 21,913 homes in 2009, compared to 18,164 for Horton.
“D.R. Horton was not to be denied,” said Thompson. “The company moved aggressively to retain its ranking by optioning lots and taking advantage of the spring tax credit, against some pretty strong headwinds. Horton managed to increase its home closings 5 percent last year, when the industry was down 14 percent.”
Before D.R. Horton assumed the leadership position, the builder ranked No. 1 used to change regularly. Executives at Horton, which refers to itself as “America’s Builder,” believe that its ongoing No. 1 ranking provides credibility in a highly fragmented industry.
As the industry’s leader, Horton often gets an early look at choice land development deals and banks are more willing to do business with them. Horton salespeople can also tell prospects in its models throughout the country that the company is America’s biggest builder, adding one more arrow to its quiver.
Published by Hanley Wood, BUILDER is the leading brand in residential new construction and serves as the magazine of the National Association of Home Builders (NAHB). For more than three decades, BUILDER has provided essential news, information and resources about products, technologies, trends, regulatory requirements and best practices to help home building professionals navigate challenges for success. With an integrated media platform encompassing print, online and in-person, BUILDER is a trusted source for top builders, architects and other industry professionals across the country. http://www.builderonline.com
About Hanley Wood, LLC
Hanley Wood is a leading business-to-business media company focused on the residential and commercial construction and design industries. Its diverse portfolio includes magazines, Web sites, e-newsletters, exhibitions and conferences, custom marketing and data services.
Hanley Wood is comprised of four operating platforms: Business Media, which publishes more than 30 magazines along with related Web sites, e-newsletters, and conferences; Exhibitions, which produces marquee events such as World of Concrete, bringing residential and commercial construction professionals face-to-face with manufacturers, suppliers, distributors, and service providers; Market Intelligence, which collects and aggregates proprietary data sets that capture hundreds of pieces of profile and material information about housing developments in more than 75 housing markets; and Marketing, which plans, creates, and executes strategic and integrated marketing solutions for its clients. http://www.hanleywood.com.
About D.R. Horton
D.R. Horton, Inc., America’s Builder, is the largest homebuilder in the United States, based on its 18,239 homes closed in the twelve-month period ended March 31, 2011. Founded in 1978 in Fort Worth, Texas, D.R. Horton has operations in 72 markets in 26 states in the East, Midwest, Southeast, South Central, Southwest and West regions of the United States. The Company is engaged in the construction and sale of high quality homes with sales prices ranging from $90,000 to over $700,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. http://www.drhorton.com