Gehan Homes Moves Up Again in Top 100 Home Builder Rankings
| Texas-based Gehan Homes has again been named one of the nation’s Top 100 Builders, rising 10 spots again from its previous listing to No. 27. |
May 24, 2011 – Texas-based Gehan Homes has again been named one of the nation’s Top 100 Builders, rising 10 spots again from its previous listing to No. 27, with strong growth in home closings and total revenue. In 2009, Gehan Homes also rose 10 spots in the national listing. The annual national ranking of home builder strength and stability is compiled by Builder magazine, the official magazine of the National Association of Home Builders.
“We are pleased with the growth and strength of our business, especially in a recovering economy,” said Tim Gehan, Gehan Homes Chief Executive Officer. “More than that, as a family-owned business, we are incredibly grateful to be able to help more Texans move into their new homes.”
Overall, the U.S. Census Bureau reported a 14 percent decline in new home sales in 2010. Despite the challenging economic environment, Gehan Homes was able to achieve:
• A 62-percent increase in home closings
• A 70-percent increase in revenue
• The third most profitable year in the company’s 20-year history
Builder magazine noted the successful strategy of Gehan Homes in refreshing its home plans and adding new series of homes with flexible designs. Empowering home buyers with more options has generated more satisfaction from customers and more profits for Gehan Homes. The magazine also praised Gehan Homes for improving construction efficiency without sacrificing quality.
TEXAS BUILDER TOP AWARD
Earlier this year, Gehan Homes earned the top award for Volume Builder in Texas, from the Texas Association of Builders. The prestigious statewide award is given to honor the best builder in Texas for 50+ homes built in one year. Gehan Homes also earned the Best Product Design award for home design in the $250,001 to $325,000 range.
ONLINE RESOURCES
To read the Builder magazine profile of Gehan Homes, go to:
http://www.builderonline.com/operations/four-builders-sa ...
For virtual tours and floor plans of new homes available in communities across Texas, visit the Gehan Homes website at:
http://www.gehanhomes.com/
For more on the Texas Volume Builder of the Year honor, visit:
http://www.gehanhomes.com/media_info/press_release_dfw.h ...
ABOUT GEHAN HOMES
As a Top 100 Home Builder based in Texas, family-owned Gehan Homes has a 20-year history of helping Texas homebuyers achieve the dream of home ownership. With award-winning designs, quality craftsmanship, smarter floor plans and competitive pricing, every Gehan Home is built with a limited 10-year warranty. Gehan Homes is headquartered in Dallas-Fort Worth with offices in Houston, Austin and San Antonio.
DALLAS – FEBRUARY 2011 Gehan Homes has been awarded the Texas Association of Builders top award for Volume Builder in the State of Texas. This prestigious award is given annually to Volume Builders in Texas who build 50+ homes per year.
In a recent interview with Peter Gehan, Chief Information officer of Gehan Homes, Mr. Gehan was quoted:
"During the initial downward trend of the Housing Market, Gehan Homes revisited our
business relationships with our Bankers, Vendors, Land Developers and our valued
Employees. We looked at our lot position throughout Dallas, Houston, Austin, and
San Antonio as well as our product line in each of these areas. It was a unanimous
agreement that Gehan Homes needed to continue to improve in all areas of our
Company to survive and prosper in this very challenging Homebuilding environment."
Gehan Homes’ 35 years of building experience has given it the insight to create homes with architectural style and innovative designs that are not only award winning but affordable in all of its Texas markets. From the small and quaint communities to the large master planned developments, Gehan Homes makes sure each community offers what their Buyers want…a home that fits their budget and lifestyle.
At Gehan Homes – Our home is Your Home
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