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CHARLES G. GRAHAM, AIA,
LAI, MIRM
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Charlotte Real Estate
Market Report
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| CHARLOTTE MARKET |
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| Cabarrus,
Iredell, Mecklenburg, York, Union, Gaston, Lincoln, and Lancaster
Counties |
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| Key
Builders |
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| 4Q07 |
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| Percentage
Market Shares |
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| Ranked
by Market Share Twelve Months Ending 4Q07 |
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Place Rankings for the Twelve Months Ending 4Q06 |
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12 Months |
12 Months |
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Average |
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Ending |
Ending |
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Price |
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Rank |
Builder |
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4Q07 |
4Q07 |
4Q06 |
2006 - 2007 |
12M4Q07 |
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| Condominiums |
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1 |
NOVARE(NIC) |
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36.76 |
12.95 |
NIC |
NIC |
$
294,331 |
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2 |
TRADEMARK PTNRS(NIC) |
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12.25 |
8.92 |
NIC |
NIC |
350,997 |
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3 |
HILLS COMM(4) |
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3.43 |
4.95 |
6.79 |
0.73 |
154,488 |
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4 |
COURT 6 LLC(NIC) |
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0.16 |
4.78 |
NIC |
NIC |
145,386 |
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4 |
FIRST STREET LLC(NIC) |
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0.00 |
4.78 |
NIC |
NIC |
203,765 |
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TOTAL |
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52.60 |
36.38 |
6.79 |
5.36 |
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| Town
Homes |
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1 |
NVR HOMES(2) |
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18.58 |
18.97 |
17.45 |
1.09 |
$
253,739 |
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2 |
PORTRAIT HOMES(1) |
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16.84 |
18.85 |
27.14 |
0.69 |
137,917 |
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3 |
HORTON DR/TORREY(4) |
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13.64 |
12.19 |
7.12 |
1.71 |
150,707 |
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4 |
STANDARD PACIFIC(3) |
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9.29 |
7.38 |
7.86 |
0.94 |
202,604 |
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5 |
PULTE HOME CORP(5) |
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6.53 |
4.89 |
3.45 |
1.42 |
216,883 |
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TOTAL |
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64.88 |
62.28 |
63.02 |
0.99 |
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| Single
Family |
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1 |
MORGAN CP CO(1) |
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7.81 |
7.73 |
6.24 |
1.24 |
$
172,135 |
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2 |
NVR HOMES(3) |
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7.67 |
5.53 |
4.84 |
1.14 |
344,672 |
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3 |
PULTE HOME CORP(4) |
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6.19 |
5.14 |
3.83 |
1.34 |
301,450 |
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4 |
KB HOME(5) |
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6.72 |
5.01 |
3.81 |
1.31 |
213,811 |
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5 |
CENTEX HOMES(2) |
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4.44 |
4.99 |
4.90 |
1.02 |
282,546 |
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6 |
HORTON DR/TORREY(8) |
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3.64 |
3.11 |
2.89 |
1.08 |
232,834 |
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7 |
RYLAND GROUP(7) |
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3.44 |
3.05 |
3.15 |
0.97 |
264,714 |
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8 |
EASTWOOD CONST CO(6) |
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3.06 |
2.98 |
3.35 |
0.89 |
191,607 |
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9 |
M/I HOMES(14) |
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2.89 |
2.65 |
1.90 |
1.39 |
300,043 |
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10 |
HOMELIFE COMM(10) |
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1.53 |
2.32 |
2.60 |
0.89 |
182,054 |
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TOTAL |
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47.39 |
42.51 |
37.51 |
1.13 |
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| Key Builders |
Single
Family Builders Quintile Ranked |
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2 |
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12 Months |
12 Months |
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Ending |
Ending |
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Rank |
Builder |
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4Q07 |
4Q07 |
4Q06 |
2006 - 2007 |
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| First
Quintile: < $ 165,000 |
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1 |
MORGAN
CP CO(1) |
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21.90 |
18.50 |
12.58 |
1.47 |
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2 |
LIBERTY
HOMES(2) |
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2.77 |
3.86 |
4.66 |
0.83 |
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3 |
HOMELIFE
COMM(4) |
1.85 |
3.80 |
3.70 |
1.03 |
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4 |
CENTEX
HOMES(7) |
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2.77 |
3.62 |
3.25 |
1.11 |
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5 |
REGENT
BLDRS(11) |
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4.75 |
3.51 |
2.09 |
1.68 |
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TOTAL |
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34.04 |
33.29 |
26.28 |
1.27 |
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18 |
CRAFT
HOMES(3) |
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0.92 |
0.99 |
4.43 |
0.22 |
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6 |
KB
HOME(5) |
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2.90 |
3.19 |
3.42 |
0.93 |
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| Second
Quintile: >= $ 165,000 - < $ 209,000 |
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1 |
MORGAN
CP CO(1) |
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13.81 |
14.31 |
11.43 |
1.25 |
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2 |
EASTWOOD
CONST CO(2) |
9.72 |
9.18 |
10.47 |
0.88 |
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3 |
KB
HOME(6) |
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13.93 |
8.27 |
4.56 |
1.81 |
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4 |
HOMELIFE
COMM(4) |
4.80 |
5.99 |
5.61 |
1.07 |
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5 |
HORTON
DR/TORREY(7) |
5.88 |
5.76 |
3.73 |
1.54 |
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TOTAL |
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48.14 |
43.51 |
35.80 |
1.22 |
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6 |
CENTEX
HOMES(3) |
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2.76 |
4.19 |
6.84 |
0.61 |
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10 |
BEAZER
HOMES(5) |
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0.96 |
2.28 |
4.69 |
0.49 |
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| Third
Quintile: >= $ 209,000 - < $ 265,500 |
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1 |
KB
HOME(2) |
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12.61 |
10.25 |
6.97 |
1.47 |
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2 |
NVR
HOMES(4) |
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10.47 |
6.96 |
5.29 |
1.32 |
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3 |
PULTE
HOME CORP(1) |
7.32 |
6.84 |
8.17 |
0.84 |
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4 |
MORGAN
CP CO(3) |
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4.17 |
5.59 |
6.29 |
0.89 |
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5 |
CENTEX
HOMES(6) |
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4.62 |
4.91 |
4.45 |
1.10 |
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TOTAL |
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39.19 |
34.55 |
31.17 |
1.11 |
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8 |
RYLAND
GROUP(5) |
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4.62 |
4.06 |
4.80 |
0.85 |
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Quintile: >= $ 265,500 - < $ 371,500 |
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1 |
NVR
HOMES(1) |
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12.40 |
8.84 |
7.67 |
1.15 |
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2 |
PULTE
HOME CORP(2) |
11.26 |
8.27 |
6.37 |
1.30 |
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3 |
CENTEX
HOMES(7) |
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6.94 |
7.04 |
5.29 |
1.33 |
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4 |
M/I
HOMES(5) |
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6.83 |
6.90 |
5.39 |
1.28 |
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5 |
SHEA
HOMES(3) |
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4.32 |
5.52 |
6.19 |
0.89 |
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TOTAL |
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41.75 |
36.57 |
30.91 |
1.18 |
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8 |
RYLAND
GROUP(4) |
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3.30 |
3.72 |
5.54 |
0.67 |
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| Key Builders |
Single
Family Builders Quintile Ranked |
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3 |
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12 Months |
12 Months |
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Ending |
Ending |
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Rank |
Builder |
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4Q07 |
4Q07 |
4Q06 |
2006 - 2007 |
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| Fifth
Quintile: >= $ 371,500 - < $ 485,000 |
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1 |
NVR HOMES(1) |
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15.45 |
11.15 |
9.92 |
1.12 |
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2 |
PULTE HOME CORP(10) |
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14.66 |
9.94 |
3.51 |
2.83 |
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3 |
CENTEX HOMES(2) |
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7.07 |
7.36 |
7.92 |
0.93 |
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4 |
SHEA HOMES(3) |
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4.71 |
5.69 |
7.12 |
0.80 |
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5 |
RYLAND GROUP(7) |
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2.62 |
4.31 |
4.31 |
1.00 |
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TOTAL |
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44.51 |
38.45 |
32.78 |
1.17 |
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7 |
ORLEANS HOMEBLDRS(4) |
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2.09 |
3.91 |
5.81 |
0.67 |
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9 |
NIBLOCK DEV CORP(5) |
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3.93 |
3.85 |
5.46 |
0.71 |
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| Fifth
Quintile: >= $ 485,000 |
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1 |
WIELAND J HOMES(1) |
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7.85 |
8.98 |
10.67 |
0.84 |
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2 |
NVR HOMES(3) |
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8.90 |
8.13 |
6.41 |
1.27 |
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3 |
TOLL BROS(17) |
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3.66 |
5.06 |
1.05 |
4.82 |
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4 |
ORLEANS HOMEBLDRS(2) |
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4.97 |
4.77 |
7.62 |
0.63 |
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5 |
NIBLOCK DEV CORP(5) |
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2.62 |
3.35 |
4.31 |
0.78 |
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TOTAL |
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28.00 |
30.29 |
30.06 |
1.01 |
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6 |
SHEA HOMES(4) |
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3.14 |
3.13 |
4.66 |
0.67 |
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