“This year’s honorees are not only true examples of managing challenges, but they have also found a niche where they can drive and maintain success; and thereby lead the industry in growth,” said John McManus, VP & Editorial Director of Hanley Wood
Washington, D.C. (PRWEB) May 09, 2017
Hanley Wood, the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries, announces that Comstock Homes is the recipient of the Fastest-Growing Private Builder Award in the Next 100; Wade Jurney Homes will receive the Fastest-Growing Private Builder Award; AV Homes is named the Fastest-Growing Public Builder; and D.R. Horton is the 2017 Builder of the Year. Toll Brothers is the recipient of the BUILDER Hall of Fame Award. These awards will be presented at the 2017 Housing Leadership Summit, May 8 at the Ritz-Carlton in Dana Point, Calif.
“This year’s honorees are not only true examples of managing challenges, but they have also found a niche where they can drive and maintain success; and thereby lead the industry in growth,” said John McManus, vice president and editorial director of Hanley Wood’s Residential Construction Group. “Hanley Wood salutes these award recipients for their commitment to teamwork, operational excellence, and serving customers’ ever evolving needs.”
Fastest-Growing Builder in the Next 100: Comstock Homes
California builder Comstock Homes’s commitment to scalability and targeting markets based on their economic fundamentals is what made it stand out as the Fastest-Growing Builder in this year’s Next 100 list. The company had more than 150 percent growth in 2016 going from 123 closings in 2015 to 308 closings in 2016. A very disciplined and patient acquisition strategy is leading Comstock Homes’s scalability and a target of 500 closings this year.
Fastest-Growing Private Builder Award in the Builder 100: Wade Jurney Homes
Wade Jurney Homes is a two-time winner for the Fastest-Growing Private Builder Award. The Greensboro, N.C.-based builder offers a price point that competes with resale across its five regions— Raleigh, Charlotte, and Greensboro/Triangle in North Carolina, the coastal Carolinas, and Southwest Florida. Where efficiencies existed, Jurney fine-tuned the model moving remote selling from 90 to 100 percent of his homes, selling out of retail centers like Wal-Mart and Target.
Fastest-Growing Public Builder Award in the Builder 100: AV Homes
Scottsdale, Ariz.–based AV Homes is the recipient of the Fastest-Growing Public Builder Award for two years in a row. In 2011, AV Homes closed 174 homes. In 2016, the builder closed on 2,465 homes—a 41 percent growth from the year before. Since taking the lead in 2012, Roger Cregg has redesigned the company’s balance sheet and expanded its presence in existing and new markets with the purchase of Central Florida–based Royal Oaks Homes, Charlotte, N.C.–based Bonterra Builders and Raleigh, N.C. –based Savvy Homes. In addition to spreading out geographically, the acquisitions brought variety to the company’s product portfolio.
2017 Builder of the Year: D.R. Horton
D.R. Horton is the recipient of the Builder of the Year Award—presented each year to a builder that exemplifies excellence in its business strategy, its achievements, and its corporate leadership. Operating in 41 of home building’s top 50 markets in the U.S., D.R. Horton ranks No. 1 in 13 of them and hovers among the top five in 30 of the top 50. Expectations for the present year are for another in a sequence of stellar performances in unit volume—with 43,500 to 45,000 closings—revenues topping $13.4 billion, gross margins of more than 20 percent and overhead cost in the low-9 percent range.
“We have captured industry-leading market share by responding to the needs and wants of America’s home buyers and by introducing new brands to our product line,” explains Don Horton, who founded the company in 1978 and took it public in 1992.
BUILDER Hall of Fame Award: Bob and Bruce Toll, Toll Brothers
The 2017 BUILDER Hall of Fame Award is awarded to Bob and Bruce Toll, founders of Toll Brothers. Now in its 50th year, Toll Brothers is America’s Luxury Home Builder—not only in single-family homes, but in an increasingly important city living, active living, apartment living, and campus living—with an average selling price in 2016 of $848,000, total revenues of $5.2 billion, and owned-controlled lots of 47,800. For three years in a row, Toll Brothers has been ranked the #1 Home Builder Worldwide on the FORTUNE Magazine “World’s Most Admired Companies®” list. The company was named one of America’s Most Trusted® Home Builders by Lifestory Research. Toll Brothers was also honored in 2014 as national Builder of the Year by BUILDER magazine.
Published by Hanley Wood, BUILDER is the authority in the residential construction industry 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 build smart.
About Hanley Wood
Hanley Wood is the premier company serving the information, media, and marketing needs of the residential, commercial design and construction industry. Utilizing the largest analytics and editorially driven Construction Industry Database, the company provides business intelligence and data-driven services. The company produces award-winning media, high-profile executive events, and strategic marketing solutions. To learn more, visit hanleywood.com.