<![CDATA[ - News]]>Fri, 16 Feb 2018 16:15:13 -0800Weebly<![CDATA[Housing Starts Soar, Building Permits Hit Highest Level in a Decade in January]]>Fri, 16 Feb 2018 21:09:03 GMThttp://probizpublications.com/news/housing-starts-soar-building-permits-hit-highest-level-in-a-decade-in-januaryConstruction on new homes in the U.S. jumped almost 10% in January to an annual rate of 1.33 million. That’s the second highest level since the Great Recession and it easily exceeded the 1.24 million forecast of economists polled by MarketWatch.

Permits to build new homes also hit a 10 1/2-year high, rising 7.4% to an annual rate of 1.4 million.

What happened: Housing starts bounced back in January after a sharp decline in December tied to poor weather.
Building increased in the North, South and West. And two-thirds of the new units on which construction began were single-family homes, the bread-and-butter of the housing market.

Big picture: Housing starts are 7% higher compared to one year ago, reflecting a vibrant real estate scene that shows no sign of slacking off against the backdrop of the strongest economy in years.

The biggest problem? Demand for housing has continued to outstrip the number of properties available for sale, pushing prices higher and frustrating many would-be buyers.

Builders have responded in part by steadily increasing construction of single-family homes, a sign they have confidence in the economy. Stand-alone homes are almost always sold, rather than rented.

What they’re saying: “With home ownership turning higher for the first time in 13 years, a record-low number of single-family homes on the market, and builders more upbeat than during the housing bubble, residential construction should track higher regardless of what Mother Nature throws at it,” said Sal Guatieri, senior economist at BMO Capital Markets.

Stephen Stanley, chief economist at Amherst Pierpont Securities, noted that most of the starts gain came from multi-family buildings.

“The more reliable single-family starts figure posted a decent gain of 3.7% to 877,000 in January, in between the November blowout reading of 946,000 (which likely reflected a catch-up after hurricanes disrupted construction in September and October) and December hangover reading of 846,000,” Stanley said.

“To put the figure more in perspective, the 2017 average for single-family starts was 849K, so January’s level represents a continuing solid uptrend, especially considering that weather may have held activity down somewhat last month. The single driving fundamental in the housing market remains that demand is outstripping supply, so upside surprises on housing starts are just what the doctor ordered.”
Reported by MarketWatch (Feb. 16, 2018)
For complete information on the top 300 Home Builders and top 200 Multifamily Developers including all corporate and division offices and top personnel, refer to The National Builders Directory and The Directory of Multifamily Builders & Developers + Online Database.
<![CDATA[People On The move - Beazer, KB Home, Toll, Lennar Name New Top Dogs]]>Fri, 16 Feb 2018 20:51:16 GMThttp://probizpublications.com/news/people-on-the-move-beazer-kb-home-toll-lennar-movers-shakersJay Thrower has joined Beazer Homes as Area President for Charleston and Myrtle Beach, South Carolina. Thrower began his homebuilding career in Charleston, initially concentrating on community development and land development

Thrower steps into the position previously held by Douglas Schwartz, who has moved to KB Home and is now serving as President in the Carolinas.

Thomas Sewitsky, who previously held the top position in the Carolinas for KB Home, is now serving in the role of Regional President for Epcon Communities in the Raleigh-Durham market.

Toll Bros. named Rodney Tucker vice president of the company’s west Florida division.
n his role Tucker will manage homebuilding operations in Toll Bros.’ newest west Florida community — The Isles at Lakewood Ranch in east Manatee County. The community will open in late 2018, according to a press release. It will include about 450 single-family homes.

With the Lennar-CalAtlantic merger complete, CalAtlantic Executive Chairman Scott Stowell has joined Lennar’s board and CalAtlantic CFO Jeff McCall has been named SVP of Corporate Services at Lennar.

For complete information on the top 300 Home Builders including all corporate and division offices and top personnel, refer to The National Builders Directory and Online Database.]]>
<![CDATA[Meritage Homes Buys 197 Lots in Goodyear, AZ]]>Mon, 05 Feb 2018 19:12:10 GMThttp://probizpublications.com/news/meritage-homes-buys-197-lots-in-goodyear-azMeritage Homes of Arizona has purchased 197 lots in Goodyear, Ariz., in two separate transactions at a total cost of $7.3 million. 

The new community in Palm Valley will include (86) 60’x120’ lots and (111) 36’x106’ lots with a preliminary plat already approved.

Land Advisors Organization Scottsdale team of Ryan Semro, Ben Heglie and Bret Rinehart represented the Sellers, Golden Buffalo Golf Properties LLC and Fairways Range LLC in two transactions on January 22 and 24, 2018.

Reported by Arizona Big Media (Jan. 30, 2018)
For complete information on Meritage Homes and the top 300 Home Builders including all corporate and division offices and top personnel, refer to The National Builders Directory and Online Database.
<![CDATA[Trammell Crow Seeks Approval For 290-Unit Georgia Project]]>Mon, 05 Feb 2018 19:06:44 GMThttp://probizpublications.com/news/trammell-crow-seeks-approval-for-290-unit-georgia-projectTrammell Crow Residential plans to build roughly 290 apartments in Avondale Estates, Ga., outside Atlanta that will be part of a new mixed-use project.

A recent report by Avondale City Manager Clai Brown’s office says the project is “roughly bound by US 278 [East College], Maple Street, Hillyer Avenue and the CSX tracks. The developer is interested in pursuing a mixed use development with 290 residential units and 5,000 s.f. of ground floor retail.”

It will be located near the Avondale MARTA station, which also is being turned into a mixed use project.  The project will go before the city’s Architectural Review Board on Feb. 5.

Reported by decaturish.com (Jan. 29, 2018)
For complete information on Trammell Crow Residential including all corporate and division offices and top personnel, refer to The Directory of Multifamily Builders & Developers and Online Database.

<![CDATA[M/I Homes Plans New Development in Illinois, Florida]]>Mon, 05 Feb 2018 18:55:53 GMThttp://probizpublications.com/news/february-05th-2018M/I Homes gears up for new projects in Illinois and Florida as it pursues development approvals and land purchases.  M/I Homes Chicago division has received recommendation from an Aurora City Council committee for a proposed 171-unit townhouse development.
The Planning and Development Committee voted 3-0 to recommend the development for 25 acres in the southwest corner of what is known as the Brach-Brody property.

It is considered a key piece of property along Route 59 in Aurora. The 25 acres is owned by the Indian Prairie School District, and was once considered as a site for a new high school. That school was built further north so the school district wants to sell the land.

M/I Homes said the development would be a mix of two- and three-bedroom townhomes, each with two-car garages. There would also be about a one-acre park on the site.

In Florida, M/I Homes of Sarasota LLC recently paid $6.25 million for 90 acres of land east of Interstate 75 where it plans to build 170 single-family homes and villas.

The proposed development, called Hidden Creek, will include a “significant portion” of homes set aside as attainable housing under county guidelines, the company said. Prices will range from the mid-$200,000s to high $300,000s, the builder said.

“We are proud to bring attainable housing to the area and will, based on the county’s affordable guidelines, offer home ownership with monthly payments similar to, or even less than, rents in comparable sized homes,” sales and marketing manager John Sackett said in a statement.

M/I bought the land, three miles east of I-75 at 9105 Fruitville Road, in late December from Sarasota Land Developers LLC, a company headed by Douglas J. Weiland of Palm Harbor and Robert L. Koontz of Bradenton, county records show. Sarasota Land acquired the property for $2.39 million in March 2016.

The purchase comes a month after M/I bought 67 acres east of I-75 and south of Clark Road for $7.9 million for a community of 107 single-family homes called Rivo Lakes.
Homes in that Tuscan-inspired community will be pricier, with sizes ranging from 2,291 to 5,000 square feet and priced from the $400,000s to the $700,000s.

Those two are among five communities the company will open this year in the Sarasota-Manatee region.

Reported by Chicago Tribune (Jan. 31, 2018) and The Herald-Tribune (Jan. 26, 2018)
For complete information on M/I Homes including all corporate and division offices and top personnel, refer to The National Builders Directory & Online Database.
<![CDATA[Taylor Morrison Names New Presidents in Texas and Georgia]]>Thu, 01 Feb 2018 15:57:59 GMThttp://probizpublications.com/news/february-01st-2018Taylor Morrison has shuffled some of its top players and decision makers as it seeks to build its presence in key markets.  The home builder has appointed new division presidents in Houston, Austin and Atlanta.  Amy Rino was named the new Houston division president, replacing Jonathan White, who has relocated to Georgia to head up the Atlanta division.  Meanwhile, April Solimine has been named president of its Austin division.

A Houston native, Rino was the Houston division president for Darling Homes since 2013. Now she will oversee the three Taylor Morrison Home Corporation brands in Houston: Taylor Morrison, Darling Homes and Bonterra.  

Rino also will work on Avalon, the premium master-planned community brand. This new structure makes Houston Taylor Morrison’s largest division and makes it the third-largest homebuilder in the city.

“The creation of a unified Taylor Morrison and Darling Homes team, to me, is as much a logical business decision as a dream come true,” Rino said. “Together we are now a powerful homebuilding force in Houston delivering multiple lines of products to our homebuyers with a focus on creating a differentiated customer experience.”

Solimine, who most recently served as vice president of operations for the Austin division, brings almost 20 years of home building experience to her latest role with Taylor Morrison.

“April delivers the leadership and experience that will help us continue to excel as one of Austin’s most respected home builders,” said Charlie Enochs, area president for Taylor Morrison. “We’re looking forward to great things from our Austin division.”

Solimine will oversee all aspects of Taylor Morrison’s home building operations and land development in Austin, where the company currently builds 15 neighborhoods in nine distinct communities, including the division’s first 55+ community, Heritage at Vizcaya in Round Rock.

Prior to her most recent tenure with Taylor Morrison, Solimine served as a vice president of sales and marketing for CalAtlantic, Meritage Homes and Taylor Morrison.

White, who previously served as the division president for the Houston division, will be responsible for the operational aspects of the home building and development business, provide leadership, establish strategic direction, and nurture a team-oriented culture for the Atlanta division.

“We are thrilled to have Jonathan lead our Atlanta division,” said Steve Kempton, area president for Taylor Morrison’s Southeast region. “Jonathan has built a remarkable record during his tenure with Taylor Morrison and has been leading high-performance teams and maximizing business opportunities in the Houston market. I am confident that he will help accelerate our growth in the Atlanta market too.”

White has been with Taylor Morrison for 13 years, originally joined the company in 2004 as a land project manager and was promoted to land manager in 2005. In 2007, he was promoted to vice president of land acquisitions and development for the North Florida division.

Reported by Houston Agent Magazine (Jan. 29, 2018) and Builder Magazine (Jan. 26, 2018)
For complete information on Taylor Morrison including all corporate and division offices and leading personnel refer to The National Builders Directory and Online Database.

<![CDATA[Pulte Pursues jacksonville Expansion under New President]]>Thu, 25 Jan 2018 19:28:09 GMThttp://probizpublications.com/news/pulte-pursues-jacksonville-expansion-under-new-presidentPulte Homes named David Smith president of Jacksonville Operations for the company’s North Florida division. Smith was the Pulte division president in Jacksonville until 2007.

“I’m thrilled to be back as a member of the Pulte team and am looking forward to leading efforts to grow our Jacksonville market share,” Smith said.  “The company is committed to the market and ready to increase our investment level and build on the success we have experienced to date.” 

Smith returns to Pulte after more than five years with AV Homes as its Jacksonville division president. 

“We want to grow to a comfortable level in Jacksonville that’s sustainable in the marketplace and be able to offer our world-class customer service and products to more homebuyers,” said Peter Keane, Florida area president of Pulte Homes.

Pulte’s building activity in North Florida is concentrated in the Nocatee, Twin Creeks and Palencia communities. 

“We are involved with a variety of impressive communities in Jacksonville already,” Keane said.  “Now we are looking to expand and take advantage of all the great opportunities that are available.”

Reported by Jacksonville Daily Record (January 25, 2018)
For complete information on Pulte including all corporate and division offices and leading personnel refer to The National Builders Directory and Online Database.

<![CDATA[CalAtlantic Buys Regional Builders as Lennar Merger Progresses]]>Tue, 23 Jan 2018 20:03:32 GMThttp://probizpublications.com/news/calatlantic-buys-regional-builders-as-lennar-merger-progressesCalAtlantic Homes continues its acquisition of regional builders, even as it is set to merge with Lennar in a $9.3 billion deal that will create the nation’s largest homebuilder.

The homebuilder’s latest acquisition is the homebuilding operations of Utah’s Candlelight Homes, one of the largest privately held homebuilders in the Utah market.

As a result of the deal, CalAtlantic now owns or controls an additional 2,500 homesites across 19 communities, 10 of which are actively selling. The company expects the remainder of the communities to open in 2019.

Back in December, CalAtlantic announced the acquisition of Home South Communities, one of the largest privately held homebuilders in the Atlanta metro market.

CalAtlantic also said that it extended employment offers to all employees of Candlelight Homes who were engaged in the company’s homebuilding business.

Dave Prolo, Utah division president for CalAtlantic Homes, said the acquisition will help the company grow its presence in Utah.

“Candlelight Homes has built a reputation for offering innovative, beautiful home designs in locations where discerning homebuyers want to live,” Prolo said.

“This acquisition provides CalAtlantic with a diverse portfolio of homesites, which accommodate homes ranging from 1,100 to 4,000 square feet located throughout northern Utah County, Salt Lake County and southern Davis County,” Prolo continued. “This exciting acquisition aligns with CalAtlantic's commitment to provide exceptional homeownership opportunities to buyers across the home buying spectrum.”

Joe Salisbury, partner of Candlelight Homes, said the deal will be good for Utah homebuyers.

“Utah’s strong economy offers a tremendous opportunity for CalAtlantic to expand upon the success Candlelight Homes has already achieved in the Salt Lake City market,” Salisbury said. “We are confident CalAtlantic’s core values and resources will enhance the value and expand opportunities available to Utah homebuyers.”

Reported by Housing Wire (January 19, 2018)
For complete information on CalAtlantic and Lennar including all corporate and division offices and leading personnel refer to The National Builders Directory and Online Database.]]>
<![CDATA[HHHunt Names New Leadership Team for Residential Communities Division]]>Sun, 21 Jan 2018 16:58:10 GMThttp://probizpublications.com/news/hhhunt-names-new-leadership-team-for-residential-communities-divisionHHHunt Corp. has named longtime employee Kim B. Kacani as president of its HHHunt Communities division. Kacani is part of a new leadership team for HHHunt Communities, along with vice presidents Jonathan Ridout and Hans Klinger.

Based in Henrico County, HHHunt Communities develops master-planned residential communities that emphasize lifestyle and amenities. Its developments in Virginia include Wellesley, Wyndham, Twin Hickory, Charter Colony, Rutland and White Hall.

It is one of four divisions of HHHunt Corp., including HHHunt Apartment Living, which develops and manages apartment communities; homebuilder HHHunt Homes; and HHHunt Senior Living, which develops and manages assisted living and memory care communities.

Kacani most recently was senior vice president at HHHunt Communities. She co-led the division with George Moore, who retired in late 2017. She joined HHHunt more than 30 years ago and has been a member of the HHHunt Communities team for more than 20 years.

“With our leadership team in place, HHHunt Communities has a bright future and a number of exciting projects on the horizon, including River Mill in Henrico,” Kacani said.

The first homes are expected to be ready by the end of this year at the River Mill development, which is planned to have about 800 households, including 285 apartments.

Other developments now underway include Holloway at Wyndham Forest and Ridgefield Green in Henrico, and Providence near Ashland.

A graduate of Westhampton College at the University of Richmond, Kacani is a past president of the Community Associations Institute and is active in the Urban Land Institute. She currently serves on Virginia’s Common Interest Community Board.

Ridout, an employee of HHHunt since 2005, will serve as vice president for land development, overseeing all land entitlement and development activities, lot closings and builder relationships.

Klinger, a 17-year employee of HHHunt, will serve as vice president for business development, managing land acquisition, feasibility and zoning initiatives.
Reported by Richmond Times-Dispatch (January 19, 2018)
For complete information on HHHunt Corp. including all corporate and division offices and leading personnel refer to The National Builders Directory and Online Database.
<![CDATA[D.R. Horton Buys Lots in Three Florida Communities]]>Thu, 04 Jan 2018 22:59:00 GMThttp://probizpublications.com/news/dr-horton-buys-lots-in-three-florida-communitiesD.R. Horton has acquired 657 residential lots in Lee and Charlotte counties in Florida for $14 million.

The Arlington, Texas-based builder bought the lots from Brookwood Calusa Creek LLC; Brookwood River Club 1 LLC; Brookwood River Club II LLC; and Brookwood Groves LLC, according to a statement. 

The deal spans three communities: Calusa Creek, River Club and The Grove, and consists of 299 single-family lots; 118 townhome lots; 178 Twin villa lots; and 62 undeveloped single-family lots.
Justin Thibaut, William Rollins and Randy Thibaut of Land Solutions Inc. brokered the deal.
Reported by Business Observer (Jan. 4, 2017)
For complete information on D.R. Horton including all corporate and division offices and leading personnel refer to The National Builders Directory and Online Database.]]>