As the housing recovery charges forward, some new homebuilders are emerging on the scene, hoping to carve out an innovative niche. The National Home Builders Association expects new-home sales will likely reach its highest point in six years within the next six months.
The homebuilders “benefiting most are innovative companies offering zero-energy and smart homes, affordable modular options, unprecedented customization, and attractive warranty and service options,” Upstart Business Journal reports.
The publication noted several start-up builders to watch during the housing recovery, including companies like:
▪ TRI Pointe Homes: Based in Irvine, Calif., the company filed for an initial public offering in January, raising $233 million in funds. The company builds high-end homes in subdivisions in California and Colorado, and boasts innovative features like junior master suites for live-in adult children and standard solar panels in some of its communities.
▪ Blu Homes: Based in Waltham, Mass., it creates modern, pre-fab, green homes using 3D technology to help buyers determine the home they want.
▪ GreenPointe Holdings: Based in Jacksonville, Fla., the builder emphasizes sustainable development and has an Intelligent Green building program, which helps buyers affordably add eco-friendly features to their new homes.
▪ RSI Development: Based in Newport Beach, Calif., the company is trying to modernize and revolutionize the modular home, creating its “The New House” in just 40 days with a starting price at $89,000.
▪ Nexus EnergyHomes: Based in Annapolis, Md., the company builds net-zero homes, which produce as much energy as they consume. The homes are powered with geothermal systems, insulated wall panels, and solar panels.
Source: “7 startup homebuilders seize the day as housing market rebounds,” Upstart Business Journal