HistoryMaker Homes Company Profile

Background

Founded in 1949, HistoryMaker Homes is a family-owned homebuilder with a legacy spanning over 75 years. The company specializes in constructing high-quality, affordable homes across major Texas markets, including Dallas-Fort Worth (DFW), Houston, and San Antonio. With a commitment to intelligent construction, energy efficiency, and functional floor plans, HistoryMaker Homes aims to enhance everyday living for its customers. The company's mission is to build quality homes that stand the test of time, reflecting its dedication to creating lasting legacies in the communities it serves.

Key Strategic Focus

HistoryMaker Homes focuses on providing competitively priced housing solutions tailored to a diverse range of buyers, from first-time homeowners to those seeking to upgrade. The company's strategic objectives include expanding its presence in Texas's largest markets and meeting the growing demand for affordable housing. By integrating flexible home technology and energy-efficient designs, HistoryMaker Homes addresses the evolving needs of modern homeowners. The company's recent expansion into the San Antonio market underscores its commitment to growth and adaptability.

Financials and Funding

In 2022, HistoryMaker Homes completed over 1,250 homes, generating revenue of $486 million. The company was ranked #57 on Builder Magazine's list of Top 100 Homebuilders Nationwide. In 2023, the company closed 927 homes, with revenue reaching $354 million, securing the #65 spot on the Builder 100 list. The company's financial growth is supported by strategic land acquisitions and a diversified portfolio that includes both for-sale and build-to-rent properties. HistoryMaker Homes' affiliate, ONM Living, has been instrumental in expanding the company's build-to-rent offerings, with plans to develop thousands of units across Houston and DFW.

Pipeline Development

HistoryMaker Homes has an active pipeline of residential communities across Texas. In 2023, the company expanded into the San Antonio market, with construction beginning in the Morgan Meadows community. The company also announced the grand openings of The Oaks in Red Oak and Burgess Meadows in Cleburne, targeting the growing demand in these areas. Additionally, HistoryMaker Homes is developing build-to-rent communities through its affiliate, ONM Living, with plans to complete multiple projects in the coming years.

Technological Platform and Innovation

HistoryMaker Homes differentiates itself through the integration of intelligent construction methods and flexible home technology. Each home is designed to meet the latest energy efficiency standards, incorporating features that allow homeowners to monitor and control various aspects of their living environment. The company's commitment to innovation is evident in its adoption of smart home systems, such as the Brilliant system, which enables residents to manage security, lighting, and other functions seamlessly.

Leadership Team

Nelson Mitchell: Serving as the Chief Executive Officer, Nelson Mitchell has been instrumental in guiding HistoryMaker Homes through significant growth and expansion. Under his leadership, the company has strengthened its market position and diversified its offerings.

Zac Thompson: Appointed as President effective January 1, 2024, Zac Thompson brings over 15 years of experience in public homebuilding. Prior to this role, he served as President of ONM Living, where he oversaw the growth of the build-to-rent division from 200 units in 2020 to a projected 1,400 units in 2024.

Manny Alarcon: As the San Antonio Division President, appointed in 2023, Alarcon leverages his 17 years of homebuilding expertise in both San Antonio and Austin to lead the company's expansion into the San Antonio market.

Jason Elliott: Serving as Director of Construction for the San Antonio division, Elliott brings over two decades of experience in construction leadership, contributing to the successful launch of new communities in the region.

Leadership Changes

In July 2023, HistoryMaker Homes announced the retirement of President Lane Wright, effective at the end of the year. Wright's tenure saw the company expand its footprint and achieve significant growth. Zac Thompson was named as his successor, with the transition taking effect on January 1, 2024.

Competitor Profile

Market Insights and Dynamics

The Texas housing market, particularly in regions like DFW, Houston, and San Antonio, has experienced substantial growth due to economic expansion and population increases. The demand for affordable, energy-efficient homes has risen, prompting builders to innovate and expand their offerings to meet diverse consumer needs.

Competitor Analysis

D.R. Horton: As one of the largest homebuilders in the U.S., D.R. Horton offers a wide range of residential options, including single-family homes and townhomes, catering to various market segments.

Lennar Corporation: Lennar provides diverse home designs and has a significant presence in Texas, focusing on both entry-level and move-up buyers.

PulteGroup: Operating under various brand names, PulteGroup targets multiple buyer demographics with a focus on quality construction and customer satisfaction.

KB Home: Known for its customizable home designs, KB Home emphasizes energy efficiency and sustainability, appealing to environmentally conscious buyers.

These competitors share a focus on affordability, energy efficiency, and customer-centric designs, creating a competitive landscape that drives continuous innovation and expansion.