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STILL AHEAD:
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Only three Next 100 companies reported increases in closings last year, but the relatively small declines of Michael Sivage Homes and MBK Homes earns them a place on the leader board, as well.
COMMUNITY BUILDER:
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Jamison, Pa.-based Heritage Building Group, which promotes itself as a 'hometown builder' that welcomes buyer input during the construction process, was the only company among the Next 100 to register a double-digit revenue gain.
BUCKING THE ODDS:
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The severity of the housing collapse needs no further evidence than the fact that only 10 of the companies in the 2008 BUILDER 100 and Next 100 showed positive percentage gains in either closings or revenue, and only five of these showed gains in both. LGI Homes in Texas, which markets to renters as potential home buyers, is the only builder among the top 200 that has reported closings and revenue growth in each of the past three years. Taylor Morrison's closings inched up despite that company's exposure in dicey markets such as Phoenix, Sacramento Calif., and Orlando, Fla.
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FEATURE
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Builder Pulse
John McManus is an award-winning editorial director for the Residential Construction Group at Hanley Wood in Washington, D.C. In addition to the BUILDER digital, print, and in-person editorial and programming portfolio, the group includes strategic content direction for AFFORDABLE HOUSING FINANCE, APARTMENT FINANCE TODAY, CUSTOM HOME, EcoHome, MULTIFAMILY EXECUTIVE, and residential architect.
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