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Choice Homes, Now the 18th Largest Builder Nationwide, Moves Up in Ranking Again

SCOTTSDALE, Ariz., May 5, 2004 /PRNewswire via COMTEX/ -- Builder Magazine announced today that Arlington, Texas-based Choice Homes has gained two spots in the homebuilder rankings, moving from number 20 to number 18 this year.

The announcement came during the Builder 100 Conference at the Four Seasons Resort at Troon North in Scottsdale, Arizona.

"We continued our focus on efficiencies, while striving for the highest rate of customer satisfaction," explained Steve Wall, President and CEO of Choice Homes.

In 2003, Choice closed 4,394 homes, a 13.3 percent increase over 2002 closings. Approximate revenues of $540.8 million marked a 15.9 percent increase over figures for 2002.

Choice Homes is only one of four privately held homebuilders in the list of top 20 builders in the United States.

The full rankings list is published in the May 2004 Builder Magazine, issued today.

The Builder 100 Conference is an exclusive, invitation-only event open to the Builder 100 chief executives from the largest firms in the industry as chosen by the annual Builder 100 survey. These top executives gather for three days to share ideas during roundtable discussions, listen to industry experts, and network with colleagues.

Since its emergence into the homebuilding marketplace in 1987, Choice Homes, Inc. has established itself as one of the largest builders in the Dallas/Fort Worth area. From one community in 1987 to more than 160 in 2004, over 28,000 homeowners currently live in Choice homes throughout Dallas/Fort Worth, Houston, Austin, Amarillo, Tyler, San Antonio, Galveston, and Lubbock Texas, and Atlanta and Macon, Georgia. Choice Homes continues to grow rapidly, always emphasizing value and homebuyer satisfaction. Choice's current product line contains over 200 different floor plans and a myriad of options.

Choice Homes is on the web at www.choicehomes.com . Headquarters are in Arlington, Texas, with additional regional offices in Houston and Atlanta.

SOURCE Choice Homes




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