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Home > Company Index > Real Estate > Residential Construction > Morrison Homes Inc.

Morrison Homes Inc.
 PROFILE
Morrison Homes has a master plan when it comes to the housing market. The company primarily builds single-family homes which average about $227,000, but has expanded its market to include cheaper models targeted at first-time buyers and smaller homes for empty-nesters. Through a joint venture with Lennar Homes, Morrison Homes will build active adult communities in Atlanta. Morrison Homes operates in Arizona, California, Florida, Georgia, and Texas. The company has withdrawn from its southeastern Florida activities to focus on the Jacksonville market. Its Morrison Financial Services unit processes mortgages and provides financing for half of its homebuyers. The company is the US arm of UK homebuilder George Wimpey.

 COMPETITION
Beazer Homes USA, Inc. (BZH)
KB Home (KBH)
Toll Brothers, Inc. (TOL)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 615.00
1-Yr. Sales Growth: 20.6%
Employees: 449
Revenue per employee: $1,369,710.47

 KEY PEOPLE
• Stewart M. Cline
    CEO
• Richard C. C. Saville
    CFO

 CONTACT INFO
3700 Mansell Rd., Ste. 300
Alpharetta, GA 30022
US
Phone: 770-998-9044
Fax: 770-998-8414
Online: Web Site

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