RESTON, Va., May 13, 2011 /PRNewswire/ -- Reston-based Stanley Martin Homes continues to demonstrate success as it climbs the ranks of the nation's largest homebuilders. The company was #193 in the nation in 2004 during the housing bubble, and has risen every year since, gaining significant market share during the housing downturn. After being ranked the 84th biggest builder in the country for 2009, Stanley Martin jumped 11 spots to #73 in the nation in 2010, based on the number of home closings. Based on revenues, Stanley Martin moved up to #41 in the nation according to the Builder Magazine's "Builder 100" rankings.
Years from now, when building industry veterans get together to reminisce about "the good ole days" of the early 2000s and the housing bubble, the subsequent hard times that followed in the "great recession" will undoubtedly come up. The story of "couldn't get financing, couldn't buy land, couldn't build houses" will be all too familiar for many of them. Not so for Stanley Martin. Stanley Martin's success during the Housing Bust is a unique story of entrepreneurship, market strategy, and execution. Among the largest builders in the U.S., Stanley Martin is one of only three companies on the Builder 100 that is larger in 2010 than it was during the housing bubble in 2005.
Each year, Builder Magazine publishes its annual Builder 100 edition, listing the who's who among the nation's top builders. The list actually includes the 200 largest builders in the United States based on the number of home closings in the previous calendar year. To learn how Stanley Martin successfully navigated the economic downturn and came out stronger as a result, read Builder Magazine's story spotlighting four builders in the Builder 100 who showed unusually strong performance in 2010: http://www.builderonline.com/operations/four-builders-same-story.aspx
SOURCE Stanley Martin Homes