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过去10年来美国住房行业都是好事。 1993年开始的前所未有的国家住房市场扩张在2005年秋季突然结束,但该12年的房屋繁荣使许多建筑商富裕。
它还制造了很多家庭建筑公司,特别是PB巨头400的顶级。到1996年,公共家庭建筑商以及最大的私营生产建筑们完全从20世纪90年代初的经济衰退中恢复过来。他们已准备好弯曲肌肉,但没有人能够预测前方的令人惊叹的增长曲线。
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1996年年,布卢明顿山,MICH.的Pulte Corp.是美国最大的住宅建设器,收入为23.3亿美元,收入为14,673名。 2005年,Pulte再次是大狗,但收入的1437亿美元需要花费45,630美元,以便在2号,D.R. Horton,其收入为137.2亿美元,并成为一年(51,383个)的50,000名闭幕式的第一个建造者。
1996年年,Horton在巨人400中排名第22,3,284次收盘为5.46亿美元,但德克萨斯州公司已经是一个流星,使用其他公共建筑商在这些Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go-Go yoct yock yoct yock yock 。大兼并和收购标志着这个时代。最大的是Lennar Corp.于2000年收购了美国,并在2001年与Del Webb Corp.的合并。美国主页和Del Webb在那些交易推动了Lennar和Pulte进入平流层之前排名第15位。 1996年,有九个建筑物,收入超过10亿美元; 2006年,31岁。
However, it wasn't just public builders growing fast. For instance, Walnut, Calif.-based Shea Homes (PB's 2007 Builder of the Year), used an organic growth model to jump from No. 19 in 1996 ($595.8 million on 2,673 closings) to No. 13 in 2005 ($3.06 billion, 6,901 closings). Except for those in a few markets troubled by economic stagnation, production builders of all sizes grew, even without a commitment to do so. Tempe, Ariz., builder Tom Lewis has often stated his goal of stabilized production at a perceived sweet spot of 300 units a year. T.W. Lewis Co. closed 287 homes in 1996 for $62 million in revenue; in 2005, Lewis closed 355 homes for $199 million.
What caused the boom? Certainly, steady population and economic growth set the stage. The migratory movement of people and jobs to the South and West fueled Sun Belt markets. And historically low and stable mortgage interest rates helped. In 1996, fixed-rate mortgages averaged 7.81 percent and adjustables 5.67 percent, compared with 10.13 percent and 8.36 percent in 1990. And by 2005, those averages were down to 5.87 percent for fixed and 4.49 percent for adjustables. We think this stability was a key factor favoring large home building companies. It allowed them to load up for big production runs. Battleships build a lot of steam if they don't have to slow down or change directions.
9 1996年的建筑商数量超过10亿美元。
70周年纪念品系列
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