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Woodside Homes Wins Builder Magazine Award

Friday, January 18, 2013 / builder

NEWS RELEASE

 

CONTACT:

Christine Rombouts

NewGround PR & Marketing

949.631.1557

crombouts@ca.rr.com

For Immediate Release

 

Woodside Homes Wins Phoenix Award

BUILDER Recognizes the Regional Builder for Its Successful Comeback

 

SALT LAKE CITY, UT, MAY 15, 2013 — Woodside Homes announced today it has been honored with the Phoenix Award by BUILDER, the leading media brand in residential construction, during the Housing Leadership Conference in Scottsdale, Arizona. The company was recognized for its struggles through the housing recession and its successful comeback as one of the nation’s largest builders.

Woodside Homes, based in North Salt Lake, Utah, embarked on a complicated Chapter 11 reorganization in September 2008, and in just 14 months it emerged with $315 million in restructured debt and $200 million in cash. Woodside streamlined its operations, sold non-core divisions to significantly reduce debt, simplified its position in the move-up home market, was recapitalized by its investors, and bought lots in less competitive areas near job centers. Today, the company builds in California, Las Vegas, Phoenix, Salt Lake City, and San Antonio.

“Woodside has gained market share and is operating profitably in every one of our divisions,” said Joel Shine, CEO of Woodside. “We are honored that BUILDER has chosen to recognize Woodside's success with the Phoenix Award.”

The company’s successful recapitalization is particularly noteworthy in a landscape that saw the sale or liquidation of numerous competitors. Woodside is at the forefront of the wave of renewed interest in private builders among investors, who see this as a very attractive way to invest in the resurging housing industry.

“Woodside Homes is well positioned for future growth,” said Jean Dimeo, editor-in-chief of BUILDER. “It’s now well capitalized and continues to snatch up land opportunities that other builders aren’t pursuing.” Woodside’s growth strategy enabled it to move up three spots to No. 26 on the 2012 BUILDER 100 list.

The BUILDER 100 and Next 100 lists are featured in the May 2013 issue of BUILDER magazine and on builderonline.com. To see all the rankings, visit www.builderonline.com/builder100/2012.aspx.

About Woodside Homes

Founded in 1977, Woodside Homes is a homebuilder and land developer that operates in five states. As one of America’s top private homebuilders, Woodside has approximately 200 employees and has built more than 28,000 new homes in Arizona, California, Florida, Maryland, Minnesota, Nevada, Texas, Utah and Virginia. Its current markets are Arizona, California, Nevada, Texas and Utah.  Focusing on designing and building innovative single-family and multi-family homes, Woodside specializes in the entry level and move-up markets. Through its “Better by Design” program, Woodside offers flexibility for homebuyers to personalize their home with a design palette that suits their tastes. For more information, please visit http://www.woodsidehomes.com/.

About BUILDER

Published by Hanley Wood, BUILDER is the leading brand in the residential construction industry and serves as the magazine of the National Association of Home Builders (NAHB). For more than three decades, BUILDER has provided essential news, information and resources about products, technologies, trends, regulatory requirements, and best practices to help home building professionals innovate for success. With an integrated platform encompassing print, online and in-person, BUILDER is a trusted source for top builders, architects, and other industry professionals across the country.

About Hanley Wood

Hanley Wood, LLC is the premier media, event, information, and strategic marketing services company serving the residential, commercial design, and construction industries. Through its operating platforms, the company produces award-winning digital and print publications, newsletters, websites, marquee trade shows and events, market Intelligence data, and strategic marketing solutions. The company also is North America's leading publisher of home plans.

 

 



Published by : Christine
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