From several homes built in suburban Philadelphia in 1967 to more than 165,000 homes sold to date, ºÚÁÏÍø¹ÙÍø has a long track record of growth through geographic expansion, product diversification, and innovation.
When ºÚÁÏÍø¹ÙÍø went public in 1986, we were a regional builder in the metro Philadelphia/Central New Jersey area. By 1990, our footprint stretched from Baltimore to Boston. Our transition to a national builder began with our expansion into California and Texas in the early 1990s. Today, we operate in over 60 markets in 24 states and Washington, DC. We continue to grow in our current markets and are expanding into new markets through establishing our own operations and acquiring home builders.
Similarly, we have expanded our product lines and customer base. At the start, we focused on building move-up single-family and attached homes for growing families. We entered the active-adult market in the late 1990s, recognizing an interest among 55+ buyers for luxury communities with features such as first-floor primary bedroom suites and resort-style amenities. In the early 2000s, we expanded into the development of rental apartments—now a nationwide urban and suburban platform—and the urban mid- and high-rise condominium market.
More recently, we have moved to attract those customers, particularly millennials, who desire the luxury and quality of the ºÚÁÏÍø¹ÙÍø brand but at a more affordable price point.
As buyers reflect on the spaces within their homes and determine how their homes can better fit their lives, we have continued to innovate and build upon our established offerings. In response to surging interest in personalized floor plans, we have designed options to suit individual home buyers' unique needs: from living areas that reflect how families live, to productive workspaces for professionals and students, to dynamic designs that blend indoor and outdoor living.
Over the years, we have expanded into more markets with more team members and more product offerings, but our focus has remained steadfast: delight the buyer by operating from a place of excellence. With well-located land holdings, distinctive luxury home designs that appeal to a broad range of home seekers, and a unique build-to-order model that meets the needs of modern buyers looking for a personalized space to suit their lifestyle, we are strategically positioned for continued growth.
luxury homes and communities
industry-leading reputation and brand
ancillary businesses
financial strength
diverse product lines
awards
Information for and as of FYE October 31, 2023, unless otherwise noted.
*From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.
§ to see “Reconciliation of Non-GAAP Measures“ on page 109 of the ºÚÁÏÍø¹ÙÍø 2023 Annual Report for more information on the calculation of the company's net debt-to-capital ratio.
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