As the calendar turns to 2016, the industry faces a number of important questions about the best ways to build, the best products to use, and the best plan of attack for this part of the economic cycle. BUILDER talked to a host of home building experts about how builders should evaluate these important questions including our very own Michael Kahn.
HOME BUILDING’S BOOTSTRAP PUBLICS: Why UCP and Century Communities went IPO.
A look at how home building's top dealmaker once again moved to the center of the M&A universe.
Century Communities Enters Houston, Texas Market Through Strategic Acquisition
America’s Builder, announced the acquisition of the homebuilding operations of Crown Communities (“Crown”), which builds in Georgia, South Carolina, and eastern Alabama. The homebuilding assets acquired include a sales order backlog of approximately 420 homes sold, 640 homes in inventory and 2,350 lots. D.R. Horton also acquired control of approximately 3,400 lots through option contracts. In calendar 2013, Crown closed 1,540 homes ($375 million in revenue) with an average home size of approximately 3,500 square feet and an average sales price of $244,000. Crown is ranked as the 28th largest builder in the United States by Builder Magazine and is the largest builder in the Atlanta market. D.R. Horton will pay approximately $210 million in cash for the purchase, and Crown will operate as a separate division within D.R. Horton.