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The Public Home Builders Council of America (PHBCA) consists of 14 of the
largest and most successful public homebuilding companies within the $250
billion housing industry. PHBCA member companies include Beazer Homes USA,
Centex Corporation, D.R. Horton, Hovnanian Enterprises, KB Home, Lennar
Corporation, MDC Holdings, Meritage Homes Corporation, Pulte Homes, Ryland
Group, Standard Pacific Homes, Technical Olympic USA, Inc., Toll Brothers,
Inc. and WCI Communities. These companies build a wide array of single
family and multi-family units that range from affordable homes for
first-time homebuyers, to first and second time move-up homes, to luxury
condominium towers, to vacation homes for the active adult community.
Operating in 37 states, the 14 PHBCA companies delivered more than 270,000
homes in 2004 and produced homebuilding revenues of nearly $80 billion in
the same period. Today, PHBCA members build more than one out of every five
homes in the country.
Through the PHBCA, members are able to
convey their commitment to the industry and discuss issues that relate
primarily to the large publicly traded builders. The council is governed by
a board of directors which includes senior executives of each member
company. Key themes that the PHBCA will examine and discuss include:
- America's largest
homebuilders have emerged as a distinct part of the $250 billion
housing industry with its own set of market and financial dynamics.
The largest builders have become more predictable growth companies
while operating in a traditionally cyclical housing sector.
- In a vigorous competitive
environment, America's largest homebuilders are well positioned to
further expand market share within the U.S. housing market.
- The homebuilding industry
has become more stable and predictable and less
interest-rate-sensitive in recent years, thanks to government fiscal
policy, land constraints, and a more prudent approach to balancing
housing supply and demand by America's largest homebuilders.
- America's largest
homebuilders play an increasingly important role in driving America's
overall economy while continuing to be a primary contributor to the
economic vitality of local economies.
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