Residential real estate developers: ranked by units sold in L.A. County in 2001. (The List).EXECUTIVE SUMMARY L.A. County home sales were strong throughout 2001, despite the recessed re·cess n. 1. a. A temporary cessation of the customary activities of an engagement, occupation, or pursuit. b. The period of such cessation. See Synonyms at pause. 2. local and national economies. The proof is in the numbers reported by the county's top 25 residential real estate developers. Combined, they sold 5,690 homes in 2001, up more than 9 percent from the previous year's 5,198. The sector's relatively strong performance can be attributed largely to low interest rates fueling demand in a tight market. Back on top is KB Homes, which slipped to second place on last year's list behind Centex Centex (NYSE: CTX) began trading publicly in 1969. Since the company’s founding in 1950 as a Dallas-based residential construction company, it has evolved into a company whose principal operations are focused on residential and commercial construction and related Homes, now third. Forecast Homes' performance outpaced Centex's, earning it second place on this year's list. The company, which develops single family entry level homes in master-planned communities, experienced record growth last year as it moved up from 11th place. Curtis Development, more than doubling units sold to 157 in 2001, jumped five places to 16. Most companies on the list are reporting similarly strong results for the year to date, as rates remain low and demand strong. Sandy Plunkett Charles "Sandy" Plunkett (born October 18, 1955) is an American artist and comics writer. Plunkett grew up in New York City and began to draw comics at the end of high school. THE PACESETTER KB HOMES A "laser focused business strategy" on first time buyers and first-time upgraders, buoyed by low interest rates, helped KB Homes regain its top ranking among LA County's most active residential real estate developers for 2001. Los Angeles-based KB had lost its leadership spot the previous year to Centex Homes, which is now ranked third. "Unlike the general economy, we were helped by a combination of external factors such as low interest rates, low supply and high demand," said spokeswoman Debra Hotaling. "What we are seeing are the fruits of a shift in the company's business strategy which we embarked upon a few years ago," explained Hotaling. "Key to that transformation is a business model designed to eliminate wasted inventory." KB Homes, which builds single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. homes starting at around $280,000, keeps inventory low by only starting construction after the home has been bought and by focusing on fast-growing adj. 1. tending to spread quickly; - used mostly of plants. Adj. 1. fast-growing - tending to spread quickly; "an aggressive tumor" strong-growing, aggressive markets like California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Texas, Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and and Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). . Sandy Plunkett [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED] [GRAPH OMITTED]
Rank Compay (Ranking in 2001) Unit Sold
* name * '01 L.A. County/nationwide
* address * '02 L.A. County/nationwide (1)
1 KB Home (2) 1,709/24,868
10990 Wilshire Blvd., 526/11,030
Seventh Floor
Los Angeles 90024
2 Forecast Homes (11) 304/2,000
10670 Civic Center Drive 139/1,601
Rancho Cucamonga 91730
3 Centex Homes (1) 274/WND
27200 Tourney Road, 385/WND
Suite 200
Valencia 91355
4 D.R. Horton Inc. (7) 269/21,000
28009 Smyth Drive 185/19,601
Valencia 91355
5 Richmond American Homes (10) 226/8,000
16600 Sherman Way, 150/8,174
Suite 160
Van Nuys 91406
6 Pardee Homes (3) 259/1,600
10880 Wilshire Blvd., 214/1,888
Suite 1900
Los Angeles 90024
7 Beazer Homes (4) 251/NA
1100 Town & Country, 211/NA
Suite 100
Orange 92868
8 Shea Homes (5) 240/5,000
555 S. Charles Dr., 199/5,000
Suite 205
Thousand Oaks 91360
9 Rielly Homes 190/NA
2847 Panorama Court 75/NA
West Covina 91791
10 Western Pacific Housing (6) 186/5,000
300 Continental Blvd., 226/4,537
Suite 390
El Segundo 90245
11 Lennar Homes 179/23,875
24800 Chrisanta Drive, 269/14,265
Suite 100
Mission Viejo 92691
12 John Laing Homes (16) 167/2,261
16380 Roscoe Blvd., 115/2,261
Suite 200
Van Nuys 91406
13 Olson Company 165/2,000
3020 Old Ranch Parkway, 162/NA
Suite 400
Seal Beach 90740
14 S&S Construction/Shapell (8) 142/WND
8383 Wilshire Blvd. 159/WND
Beverly Hills 90211
15 MBK Homes (17) 131/327
175 Technology Drive 112/327
Irvine 92618
16 Curtis Development (21) 130/198
40925 County Center Drive, 57/198
Suite 100
Temecula 92591
17 Pacific Bay Homes (9) 112/588
4041 MacArthur Blvd. 157/588
Suite 500
Newport Beach 92660
18 Brookfield Homes 110/2,660
3090 Bristol Street, NA/NA
Suite 200
Costa Mesa 92626
19 American Diversified 91/NA
20001 Canyon View Drive 216/NA
Santa Clarita 91351
20 K. Hovnanian Company (2) 90/14,431
2495 Campus Drive 141/NA
Irvine 92612
21 Cresent Heights of 88/1,202
America (12) 137/539
9720 Wilshire Boulevard
Beverly Hills 90212
22 Anastasi Development Corp. 86/NA
1200 Aviation Blvd. 63/NA
Redondo Beach 90278
23 Taylor Woodrow Homes (13) 83/1,007
15 Cushing 132/1,007
Irvine 92618
24 Davidson Homes (18) 72/NA
1600 South Main Street, 90/NA
Suite 150
Walnut, Creek 94596
25 Standard Pacific Corp. 15/4,311
15326 alton Parkway 39/2,322
Irvine 92618
Rank Compay (Ranking in 2001) Units Built 2001 2001 Revenues
* name * L.A. County (millions)
* address * nationwide * L.A. County
* nationwide
1 KB Home (2) 2,110 $421
10990 Wilshire Blvd., 22,847 $4,574
Seventh Floor
Los Angeles 90024
2 Forecast Homes (11) 139 28.5
10670 Civic Center Drive 1,601 482
Rancho Cucamonga 91730
3 Centex Homes (1) 466 135
27200 Tourney Road, WND WND
Suite 200
Valencia 91355
4 D.R. Horton Inc. (7) 228 54.6
28009 Smyth Drive 18,942 3,569.8
Valencia 91355
5 Richmond American Homes (10) 266 123
16600 Sherman Way, 8,174 2,077
Suite 160
Van Nuys 91406
6 Pardee Homes (3) 242 71.2
10880 Wilshire Blvd., 2,031 591
Suite 1900
Los Angeles 90024
7 Beazer Homes (4) 194 48.4
1100 Town & Country, NA 1,805
Suite 100
Orange 92868
8 Shea Homes (5) NA 46.3
555 S. Charles Dr., NA 1,257.2
Suite 205
Thousand Oaks 91360
9 Rielly Homes NA WND
2847 Panorama Court WND WND
West Covina 91791
10 Western Pacific Housing (6) WND WND
300 Continental Blvd., WND
Suite 390
El Segundo 90245
11 Lennar Homes 177 64.6
24800 Chrisanta Drive, 23,899 5,467.5
Suite 100
Mission Viejo 92691
12 John Laing Homes (16) 151 28
16380 Roscoe Blvd., WND 603
Suite 200
Van Nuys 91406
13 Olson Company 165 WND
3020 Old Ranch Parkway, 2,000 WND
Suite 400
Seal Beach 90740
14 S&S Construction/Shapell (8) WND WND
8383 Wilshire Blvd. WND WND
Beverly Hills 90211
15 MBK Homes (17) 134 47.0
175 Technology Drive 326 96.0
Irvine 92618
16 Curtis Development (21) 98 $15.7
40925 County Center Drive, 150 $37.5
Suite 100
Temecula 92591
17 Pacific Bay Homes (9) 157 48.7
4041 MacArthur Blvd. 588 271.4
Suite 500
Newport Beach 92660
18 Brookfield Homes 110 NA
3090 Bristol Street, 2,660 1,047
Suite 200
Costa Mesa 92626
19 American Diversified NA WND
20001 Canyon View Drive WND 1,000
Santa Clarita 91351
20 K. Hovnanian Company (2) NA WND
2495 Campus Drive NA 1,694
Irvine 92612
21 Cresent Heights of 93 63.5
America (12) 389 219.4
9720 Wilshire Boulevard
Beverly Hills 90212
22 Anastasi Development Corp. NA WND
1200 Aviation Blvd. WND WND
Redondo Beach 90278
23 Taylor Woodrow Homes (13) 116 59.9
15 Cushing NA NA
Irvine 92618
24 Davidson Homes (18) 108 WND
1600 South Main Street, NA WND
Suite 150
Walnut, Creek 94596
25 Standard Pacific Corp. 53 9.5
15326 alton Parkway 2,322 1,375.6
Irvine 92618
Rank Compay (Ranking in 2001) Developments
* name (partial list)
* address
1 KB Home (2) Casablanca and Mountain
10990 Wilshire Blvd., Glen, Sylmar; Delta Ridge and
Seventh Floor Starlight, Palmdale; Hasley
Los Angeles 90024 Hills and Quail Run,
Castaic; Palomino, Lancaster
2 Forecast Homes (11) Meadowcrest and Rancho Vista,
10670 Civic Center Drive Palmdale; Star Point Ranch,
Rancho Cucamonga 91730 Acton; Forest Homes, Lancaster
3 Centex Homes (1) The Colony and The Cove at
27200 Tourney Road, Bridgeport, Valencia; Silver
Suite 200 Crest in West Covina,
Valencia 91355 Pacific Summit
at Stevenson Ranch
4 D.R. Horton Inc. (7) Country Village at Castaic,
28009 Smyth Drive Skyview at Stevenson Ranch,
Valencia 91355 Stoney Pointe, Waterford and
Village Walk at Valencia
5 Richmond American Homes (10) Providence, Caterbury,
16600 Sherman Way, Sundance at Westridge,
Suite 160 Richmond at Lancaster
Van Nuys 91406
6 Pardee Homes (3) Carlton Ridge - Palmdale,
10880 Wilshire Blvd., Lantana Hills - Canyon Country,
Suite 1900 Oak Glen - Fair Oaks
Los Angeles 90024 Ranch in Santa Clara
7 Beazer Homes (4) Oak Lane at Santa Clarita;
1100 Town & Country, Estates at Southern Oaks,
Suite 100 Stevenson Ranch, Beazer
Orange 92868 Homes at Rancho
Vista in Palmdale
8 Shea Homes (5) Twilight Vista at
555 S. Charles Dr., Stevenson Ranch,
Suite 205 Mont Calabasas
Thousand Oaks 91360
9 Rielly Homes Clayborne Ridge
2847 Panorama Court
West Covina 91791
10 Western Pacific Housing (6) Western Pacific Housing Lancaster -
300 Continental Blvd., Lancaster, Oak Hill Estates -
Suite 390 Agoura Hills, Promenade
El Segundo 90245 at Playa Vista - Los Angeles
11 Lennar Homes Arcadia Wodlands, Valencia,
24800 Chrisanta Drive, III & IV, Stevenson Ranch
Suite 100 IV, Hasley Canyon
Mission Viejo 92691 Quartz Hill I & II
12 John Laing Homes (16) Tapesty at Playa Vista,
16380 Roscoe Blvd., Southern Oaks Grove,
Suite 200 Stonecreek, Woodcrest,
Van Nuys 91406 Sienna Ridge
13 Olson Company NA
3020 Old Ranch Parkway,
Suite 400
Seal Beach 90740
14 S&S Construction/Shapell (8) The Knolls, San Joaquin Hills;
8383 Wilshire Blvd. Hillcrest Estates,
Beverly Hills 90211 Laguna Niguel; Somerset,
San Joaquin Hills
15 MBK Homes (17) Westridge, Saratoga
175 Technology Drive
Irvine 92618
16 Curtis Development (21) Sonata, Whispering
40925 County Center Drive, Oaks, Cimarron
Suite 100
Temecula 92591
17 Pacific Bay Homes (9) Summer Moon at
4041 MacArthur Blvd. Pacific Hills, Blue Sky at
Suite 500 Pacific Crest, The Heights at
Stone Crest, Robinson Ranch
Newport Beach 92660
18 Brookfield Homes Virazon at Dos Vientos
3090 Bristol Street, Ranch-Thousand Oaks,
Suite 200 The Meridian-Long Beach, Back
Costa Mesa 92626 Bay-Bridgeport in Valencia
19 American Diversified Canyon View Estates
20001 Canyon View Drive
Santa Clarita 91351
20 K. Hovnanian Company (2) Dominguez Hills
2495 Campus Drive Village-Carson
Irvine 92612
21 Cresent Heights of NA
America (12)
9720 Wilshire Boulevard
Beverly Hills 90212
22 Anastasi Development Corp. NA
1200 Aviation Blvd.
Redondo Beach 90278
23 Taylor Woodrow Homes (13) Presidio, Garland,
15 Cushing Ironwood at Woodlands
Irvine 92618
24 Davidson Homes (18) Miramonte, Canyon
1600 South Main Street, Heights
Suite 150
Walnut, Creek 94596
25 Standard Pacific Corp. Bridgeport at Valencia,
15326 alton Parkway The Wildwoods at
Irvine 92618 Azusa, Playa Vista
Rank Compay (Ranking in 2001) Price Range
* name * entry
* address * trade-up
* luxury
1 KB Home (2) $280,000 +
10990 Wilshire Blvd., none
Seventh Floor none
Los Angeles 90024
2 Forecast Homes (11) 134,990 - 165,990
10670 Civic Center Drive 163,990 - 245,990
Rancho Cucamonga 91730 none
3 Centex Homes (1) 305,000 - 350,000
27200 Tourney Road, 400,000 - 550,000
Suite 200 600,000 - 750,000
Valencia 91355
4 D.R. Horton Inc. (7) 175,000
28009 Smyth Drive 275,000
Valencia 91355 450,000
5 Richmond American Homes (10) 169,000
16600 Sherman Way, 400,000
Suite 160 800,000
Van Nuys 91406
6 Pardee Homes (3) 154,990 - 182,990
10880 Wilshire Blvd., 296,950 - 353,950
Suite 1900 none
Los Angeles 90024
7 Beazer Homes (4) 176,990 - 225,990
1100 Town & Country, 213,990 - 281,990
Suite 100 470,990 - 520,990
Orange 92868
8 Shea Homes (5) 185,000 +
555 S. Charles Dr., 269,000 +
Suite 205 800,000 +
Thousand Oaks 91360
9 Rielly Homes 160,000 - 280,001
2847 Panorama Court 310,000 - 500,001
West Covina 91791 500,000 - 1,000,000+
10 Western Pacific Housing (6) 150,000 +
300 Continental Blvd., 250,000 +
Suite 390 400,000 +
El Segundo 90245
11 Lennar Homes 100,000 - 250,000
24800 Chrisanta Drive, 250,000 - 500,000
Suite 100 500,000 - 800,000+
Mission Viejo 92691
12 John Laing Homes (16) 250,000
16380 Roscoe Blvd., 250,000 - 400,000
Suite 200 400,000 +
Van Nuys 91406
13 Olson Company 250,001
3020 Old Ranch Parkway, 250,000 - 400,001
Suite 400 400,000 +
Seal Beach 90740
14 S&S Construction/Shapell (8) WND
8383 Wilshire Blvd. WND
Beverly Hills 90211 WND
15 MBK Homes (17) 250,000 - 350,000
175 Technology Drive 350,000 - 500,000
Irvine 92618 none
16 Curtis Development (21) none
40925 County Center Drive, $230,000-$330,000
Suite 100 none
Temecula 92591
17 Pacific Bay Homes (9) none
4041 MacArthur Blvd. 265,000-330,000
Suite 500 950,000-1,200,000
Newport Beach 92660
18 Brookfield Homes 280,000-350,000
3090 Bristol Street, 360,000-460,000
Suite 200 500,000+
Costa Mesa 92626
19 American Diversified 100,000-200,000
20001 Canyon View Drive none
Santa Clarita 91351 none
20 K. Hovnanian Company (2) 160,000-200,000
2495 Campus Drive 220,000-310,000
Irvine 92612 350,000-500,000+
21 Cresent Heights of none
America (12) none
9720 Wilshire Boulevard 500,000-10,000,000
Beverly Hills 90212
22 Anastasi Development Corp. none
1200 Aviation Blvd. 200,000-500,000
Redondo Beach 90278 550,000+
23 Taylor Woodrow Homes (13) none
15 Cushing 325,000-500,000
Irvine 92618 700,000+
24 Davidson Homes (18) none
1600 South Main Street, 320,000-600,000
Suite 150 none
Walnut, Creek 94596
25 Standard Pacific Corp. none
15326 alton Parkway 450,000
Irvine 92618 650,000
Rank Compay (Ranking in 2001) Headquarters
* name
* address
1 KB Home (2) same
10990 Wilshire Blvd.,
Seventh Floor
Los Angeles 90024
2 Forecast Homes (11) same
10670 Civic Center Drive
Rancho Cucamonga 91730
3 Centex Homes (1) Dallas
27200 Tourney Road,
Suite 200
Valencia 91355
4 D.R. Horton Inc. (7) Arlington,
28009 Smyth Drive Texas
Valencia 91355
5 Richmond American Homes (10) Denver,
16600 Sherman Way, Colo.
Suite 160
Van Nuys 91406
6 Pardee Homes (3) same
10880 Wilshire Blvd.,
Suite 1900
Los Angeles 90024
7 Beazer Homes (4) Atlanta
1100 Town & Country,
Suite 100
Orange 92868
8 Shea Homes (5) Walnut
555 S. Charles Dr.,
Suite 205
Thousand Oaks 91360
9 Rielly Homes same
2847 Panorama Court
West Covina 91791
10 Western Pacific Housing (6) same
300 Continental Blvd.,
Suite 390
El Segundo 90245
11 Lennar Homes Miami
24800 Chrisanta Drive,
Suite 100
Mission Viejo 92691
12 John Laing Homes (16) Irvine
16380 Roscoe Blvd.,
Suite 200
Van Nuys 91406
13 Olson Company same
3020 Old Ranch Parkway,
Suite 400
Seal Beach 90740
14 S&S Construction/Shapell (8) Beverly
8383 Wilshire Blvd. Hills
Beverly Hills 90211
15 MBK Homes (17) same
175 Technology Drive
Irvine 92618
16 Curtis Development (21) same
40925 County Center Drive,
Suite 100
Temecula 92591
17 Pacific Bay Homes (9) same
4041 MacArthur Blvd.
Suite 500
Newport Beach 92660
18 Brookfield Homes Toronto, Canada
3090 Bristol Street,
Suite 200
Costa Mesa 92626
19 American Diversified NA
20001 Canyon View Drive
Santa Clarita 91351
20 K. Hovnanian Company (2) New Jersey
2495 Campus Drive
Irvine 92612
21 Cresent Heights of Miami
America (12)
9720 Wilshire Boulevard
Beverly Hills 90212
22 Anastasi Development Corp. same
1200 Aviation Blvd.
Redondo Beach 90278
23 Taylor Woodrow Homes (13) Irvine
15 Cushing
Irvine 92618
24 Davidson Homes (18) same
1600 South Main Street,
Suite 150
Walnut, Creek 94596
25 Standard Pacific Corp. Irvine
15326 alton Parkway
Irvine 92618
Rank Compay (Ranking in 2001) Top Local Executive
* name * name
* address * title
* phone
1 KB Home (2) Bruce Karatz
10990 Wilshire Blvd., chairman, ceo
Seventh Floor (310) 231-4000
Los Angeles 90024
2 Forecast Homes (11) James P. Previti
10670 Civic Center Drive ceo
Rancho Cucamonga 91730 (909) 987-7788
3 Centex Homes (1) John Ochsner
27200 Tourney Road, division president
Suite 200 (661) 288-5777
Valencia 91355
4 D.R. Horton Inc. (7) Brad Boe
28009 Smyth Drive division president
Valencia 91355 (661) 257-3399
5 Richmond American Homes (10) Mark Rowson
16600 Sherman Way, division president
Suite 160 (818) 908-3267
Van Nuys 91406
6 Pardee Homes (3) Michael V. McGee
10880 Wilshire Blvd., president, ceo
Suite 1900 (310) 475-3525
Los Angeles 90024
7 Beazer Homes (4) Gerald A. Gates
1100 Town & Country, division president
Suite 100 (714) 285-2900
Orange 92868
8 Shea Homes (5) John Shea
555 S. Charles Dr., owner, ceo
Suite 205 (805) 557-2100
Thousand Oaks 91360
9 Rielly Homes Tom Rielly
2847 Panorama Court president
West Covina 91791 (626) 917-0739
10 Western Pacific Housing (6) Craig Manchester
300 Continental Blvd., president
Suite 390 (310) 648-7200
El Segundo 90245
11 Lennar Homes Jon Jaffe
24800 Chrisanta Drive, regional president
Suite 100 (949) 598-8500
Mission Viejo 92691
12 John Laing Homes (16) David J. McKinzie
16380 Roscoe Blvd., division president
Suite 200 (818) 830-3360
Van Nuys 91406
13 Olson Company Steve Olson
3020 Old Ranch Parkway, chairman, ceo
Suite 400 (562) 596-4770
Seal Beach 90740
14 S&S Construction/Shapell (8) Nathan Shapp
8383 Wilshire Blvd. owner
Beverly Hills 90211 (310) 655-7330
15 MBK Homes (17) Stefan Markowitz
175 Technology Drive president
Irvine 92618 (949) 789-8300
16 Curtis Development (21) John Musial
40925 County Center Drive, Sr.v.p. of operations
Suite 100 (909) 296-1101
Temecula 92591
17 Pacific Bay Homes (9) Dick Hamm
4041 MacArthur Blvd. v.p., division manager
Suite 500 (949) 400-7200
Newport Beach 92660
18 Brookfield Homes Jeff Prostor
3090 Bristol Street, president
Suite 200 (877) 314-6637
Costa Mesa 92626
19 American Diversified NA
20001 Canyon View Drive NA
Santa Clarita 91351 (805) 298-1000
20 K. Hovnanian Company (2) Maggie McIntee
2495 Campus Drive marketing director
Irvine 92612 949-660-1130
21 Cresent Heights of Sam Fellus
America (12) president, West Coast
9720 Wilshire Boulevard (310) 786-8800
Beverly Hills 90212
22 Anastasi Development Corp. Wayne Anastasi
1200 Aviation Blvd. president
Redondo Beach 90278 (310) 376-8077
23 Taylor Woodrow Homes (13) Tom Redwitz
15 Cushing So. Calif. Division president
Irvine 92618 (949) 341-1200
24 Davidson Homes (18) Tom Comber
1600 South Main Street, director
Suite 150 (661) 297-3590
Walnut, Creek 94596
25 Standard Pacific Corp. Stephen E. Boggs
15326 alton Parkway division president
Irvine 92618 (949) 789-1600
NA - Not Available
WND - Would Not Disclose
(2) Forecast Homes acquired by K. Hovnanian in Jan. 2002
Note: The 2001 number of units sold in L.A. County list was provided by
The Meyers Group. Developers are ranked by their total 2001 units sold
in L.A. County and 2000 units build in L.A. County, respectively.
To the best of our knowledge, this information is accurate as of press
time. while every effort is made to ensure the accuracy and thoroughness
of the list, omissions and typographical errors sometimes occur. Please
send corrections or additions on company letterhead to the Research
Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite
170, Los Angeles 90036. [c] 2002 Los Angeles Business Journal. This list
may not be reprinted in whole or in part without prior written
permission from the editor. Reprints are available from Wright's
Reprints, (877) 652-5295.
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