Industry | Home construction |
---|---|
Predecessors | Standard Pacific Homes and Ryland Homes |
Founded | October 1, 2015 |
Defunct | February 12, 2018 |
Fate | Acquired by Lennar |
Headquarters | Arlington, Virginia |
Key people | Scott D. Stowell, Chairman Larry T. Nicholson, CEO & President Jeff J. McCall, CFO |
Production output | 14,229 deliveries |
Revenue | $6.476 billion (2016) |
$0.484 billion (2016) | |
Total assets | $8.709 billion (2016) |
Total equity | $4.207 billion (2016) |
Number of employees | 3,055 (2016) [1] |
Footnotes /references [1] |
CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. In 2018, it was the 4th largest homebuilder in the United States by number of homes closed. [2] It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar. [3]
Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965. [4] Operations expanded to include San Diego in 1969, [5] Texas in 1978, [6] Arizona in 1998, Colorado in 2000, and Florida in 2002.
On October 1, 2015, Standard Pacific Homes and Ryland Homes merged to form CalAtlantic. [1]
In 2016, Builder Magazine named CalAtlantic its builder of the year. [7]
In June 2017, the company acquired Oakpointe, LLC and entered the Seattle market. [8] [9] [10]
In February 2018, the company was acquired by Lennar. [11] [12]
Washington Mutual, Inc. was an American savings bank holding company based in Seattle. It was the parent company of WaMu Bank, which was the largest savings and loan association in the United States until its collapse in 2008.
U.S. Bancorp is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. As of 2019, it had 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. In 2023 it ranked 149th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.
George Wimpey was a British construction firm that typically worked in the civil engineering and housebuilding markets. It was, during the 1970s, the largest homebuilder active in the UK.
The Ryland Group, Inc. was a company engaged in home construction based in Westlake Village, California. In 2015, it was the 5th largest homebuilder in the United States. In October 2015, the company merged with Standard Pacific Homes to form CalAtlantic Homes.
KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder. Its headquarters are in Los Angeles, California.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
Lennar Corporation (Lennar) is a home construction company based in Miami, Florida. As of 2023, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar also has investments in multifamily and single family residential rental properties and investments in property technology companies.
D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 194 on the 2019 Fortune 500 list of the largest United States corporations by revenue. The company operates in 90 markets in 29 states.
Union Bank was an American national bank with 398 branches in California, Washington, and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022. It was headquartered in New York City and had commercial branches in Dallas, Houston, New York City, and Chicago, and two international offices.
Shea Homes is an American homebuilding company. Founded in 1881, its major markets are the West Coast, Texas, the Carolinas, and Florida.
BoltBus was an intercity bus common carrier and a division of Greyhound Lines that operated from March 2008 until July 2021 in the northeast and western United States and British Columbia, Canada.
David Cutler Group, renamed Hudson Palmer Homes in 2017, is a Plymouth Meeting, Pennsylvania-based company and the largest privately held residential builder of new luxury homes and luxury communities in Philadelphia's Delaware Valley area.
The California Building Industry Association is a statewide trade association based in Sacramento representing thousands of member companies including homebuilders, trade contractors, architects, engineers, designers, suppliers and industry professionals in the homebuilding, multi-family and mixed-use development markets. CBIA members build nearly 9 out of 10 new housing units built in California, including charity homes, legally defined as affordable housing, middle-class market-rate housing and luxury homes.
LGI Homes, Inc. is an American construction company that is known for building homes and housing developments in the southwestern and southeastern United States. The company was founded in 2003 and is based in The Woodlands, Texas. It went public on NASDAQ in 2013
Brookfield Residential Properties Inc. is a Canadian real estate developer that has its headquarters in Calgary, Alberta. Total assets were $4.5 billion as of June 2018.
ICI Homes is a custom homebuilding company based in the United States, founded in 1979 as Intervest Construction, Inc. in Daytona Beach, Florida, its present-day headquarters. The company has built over 10,000 homes since its founding.
Compass, Inc. operates a residential real estate brokerage in the United States. It has approximately 29,000 agents, who are generally independent contractors, on its platform.
Tri Pointe Homes, Inc. is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. The company is the 18th largest home construction company in the United States based on the number of homes closed.
UDC Homes was an American homebuilder that operated from 1968 to 1998. The company, founded as the Universal Development Company in Chicago in 1968, became an active homebuilder in the Southwest and Southeast. The firm changed its name to UDC Homes in 1986; the next year, it completed a move of its corporate headquarters to Tempe, Arizona, a suburb of Phoenix. UDC was a highly productive builder, the ninth-largest in the U.S. by 1992; it was the second-largest in Phoenix, a market that represented most of its revenues, and the third-largest in Charlotte, North Carolina. Its homes largely targeted the "move-up" market.