D.R. Horton acquires home-building assets of Breland Homes
Fort Worth, Texas-based home builder D.R. Horton has acquired the homebuilding operations of Breland Homes, which operates in Huntsville, Mobile and Baldwin County in Alabama and along the gulf coast of Mississippi. The home-building operating assets included about 320 homes in inventory and 1,020 finished lots. D.R. Horton will also control an additional 3,700 lots through option contracts.
In 2011, Breland closed 684 homes ($130 million in revenue). Breland’s average home size is about 2,200 sq. ft. with an average sales price of $200,000.
“Breland Homes has developed an excellent reputation for quality and service, and we welcome Breland to the D.R. Horton family,” said Donald Horton, chairman of the board, D.R. Horton. “We are very excited about the expansion of our operations in Mobile and Baldwin County and our entrance into the Huntsville and Mississippi Gulf Coast markets."
D.R. Horton has operations in 75 markets in 26 states in the East, Midwest, Southeast, South Central, Southwest and West regions of the United States.
Aimee Copeland’s Wing revealed
Pulte Homes has announced the completion of the new 1,956-sq.-ft. home addition to Aimee Copeland’s home, called Aimee’s Wing, which took 25 days to complete. Copeland is the young woman who developed a rare bacterial infection called necrotizing fasciitis. She suffered from multiple amputations and is now facing a number of health issues.
More than 200 people were at the celebration event, including Pulte Homes’ employees, trade partners, various community organizations, family and friends.
Click here to view photos of Aimee’s Wing.
"It took more than 1,500 hours and 138 people to build Aimee’s Wing," said Stephen Haines, VP sales for Pulte Homes in Georgia. "It was a special day for everyone involved since they could finally see the fruits of their labor and see the decorated new space. We are so pleased to be a part of building Aimee’s Wing and want to thank our trade partners who exceeded our expectations to create a space that Aimee will love."
The two-story space features a new bedroom; a sunroom; a fitness room; the new Pulte Planning Center, which will be her main study area; and an elevator to access other parts of the home. The home’s exterior received new painting and landscaping features, as well as a new driveway.
For more information about Aimee’s status, visit Aimeecopeland.org.
Remodeling activity declined in June, according to BuildFax
Residential remodeling activity in the United States declined 6% in June 2012 compared with May, according to an index compiled by BuildFax, a national database of building permit data. The June 2012 figure is 1% below the revised June 2011 number.
Annual rates of remodeling authorized by building permits across the country in June 2012 are estimated as follows: Northeast, 692,000 (down 11% from May and up 7% from June 2011); South, 1,071,000 (down 5% from May and up 1% from June 2011); Midwest, 487,000 (down 9% from May and down 9% from June 2011); and West, 724,000 (down 8% from May and down 9% from June 2011).
“Remodeling growth is slowing down, but we still estimate that more residential remodeling projects will be permitted in 2012 than in 2011,” said Joe Emison, VP research and development at BuildFax.
Co-headquartered in Austin, Texas, and Asheville, N.C., BuildFax, a division of BUILDERadius, maintains a national database of historical building permit data. It also operates a proprietary property intelligence engine that contains building and permitting information from more than 4,000 cities and counties throughout the country.