Gehan Homes Moves Up Again in Top 100 Home Builder Rankings

May 24, 2011 - PRLog -- 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-sam...

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.ht...

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. To learn more, go to http://gehanhomes.com/

FOR MORE INFORMATION:
Kate Johnson
Director of Marketing
Gehan Homes
kjohnson@gehanhomes.com