Login  

Latest News


See below for updates on McGuyer Homebuilders, Inc., and its brands — Coventry Homes, Plantation Homes and Wilshire Homes. Also, find news of the Texas economy and residential real estate market, as well as other items of interest.

Latest Articles

MHI Wins 'Humanitarian Of The Year' in GHBA Houston's Best PRISM Awards

MHI Wins 'Humanitarian Of The Year' in GHBA Houston's Best PRISM Awards


Houston, TX - McGuyer Homebuilders, Inc., (MHI) was named Humanitarian of the Year in the recent Houston’s Best PRISM Awards hosted by the Greater Houston Builders Association.

The prestigious award recognized the yearlong efforts of employees of MHI, parent company of Coventry Homes and Plantation Homes. Notable among last year’s charitable endeavors was sponsorship and participation in KPRC’s Habitat for Humanity home, which saw corporate employees spend a day building a home for a single mother. Coventry Homes also built the Coventry Kids Castle, which was raffled off last year to raise more than $85,000 in the HomeAid Houston Project Playhouse initiative benefitting Houston’s homeless.

The MHI team also constructed a much-needed concession stand for the Cy-Fair Sports Association and donated 1,000 leather binders for clients of Dress for Success Houston, which helps women prepare for job interviews. Hundreds of pounds of food was donated by employees to the Houston Food Bank and monetary donations were made to The Sunshine Kids, a non-profit organization dedicated to children with cancer and the MS 150 bike race.

“Our contributions last year were far-reaching, and we made an effort to not only help those who needed it most, but to also extend our giving into many of the suburban communities in which we build,” said Gary Tesch, MHI president. “The Houston real estate community as a whole does an enormous amount of good work, and we are very honored to receive this special award.”

Plantation Homes also won for Best Product Design — $200,000-$250,000 for its Stuart V model home in Wildwood Glen. In addition, Coventry Homes and Plantation Homes were finalists for Best Product Design — $400,000-$500,000 and Coventry Homes was a finalist for Volume Builder — Best Kitchen.

For nearly 40 years, the Houston’s Best PRISM Awards have recognized the industry’s top people, products and promotions. More than 700 entries were received in this year’s contest.

Coventry Homes builds throughout the Houston region, with homes priced from the $300,000s to more than $1 million in more than 25 planned developments. Plantation Homes also is active in the Houston area, with homes offered in more than 20 developments. Pricing is from the $140,000s.

For more information on Coventry Homes, visit www.coventryhomes.com. Details about Plantation Homes are available at www.plantationhomes.com

Amraoui Family Receives Keys to 2016 KPRC Habitat Home

Amraoui Family Receives Keys to 2016 KPRC Habitat Home


Houston, TX (April 12, 2016) – Home has never been so sweet for polio survivor Abdel Amraoui, who on Tuesday was handed the keys to his very first home.

Emigrated to the United States in 2001 from Casablanca, Amraoui faced homelessness, with a remaining paralysis in his legs and an inability to understand English. Hard work, determination and help from friends like Coventry Homes, Plantation Homes and others involved in the 2016 KPRC Habitat Home has earned Amraoui, his wife and three children a new home through Houston Habitat for Humanity.

“We’re so excited to get out and move to a better place,” Amraoui said. “The kids are going to have their own space where they can do their homework, have their own area — it’s big for us.”

Work began on the KPRC Habitat Home in January in the parking lot of the KPRC Channel 2 studios. Corporate employees of Coventry Homes and Plantation Homes picked up tools early on to help construct the home, unloading and installing finished frames, securing the frame to the foundation and attaching anchors and windstorm clips. It is the third consecutive year Coventry Homes and Plantation Homes have participated in the project.

“On behalf of all the employees at Coventry Homes and Plantation Homes, we were honored to be part of this project once again,” said Gary Tesch, president of McGuyer Homebuilders, Inc., (MHI), parent company of Coventry Homes and Plantation Homes. “This is such an exciting day, and to hear the story of the Amraoui family and to be part of it all is just tremendously special.”

The four-bedroom brick home is located in Harrel Park 2, a northeast Houston neighborhood being developed by Habitat for Humanity. The recipient selection process is new this year, with six approved families invited to participate in construction of the home. Amraoui, who now works full time in the IRS Taxpayer-Advocacy Division, and his wife Laila were told April 5 they had been selected to receive the home. Joining Coventry Homes and Plantation Homes in sponsoring the KPRC Habitat Home were Star Furniture, Christian Brothers Automotive, Pappas Restaurants and Shipley Donuts.

The Houston Habitat for Humanity organization has been active in the Houston area for 28 years, building 1,000 homes for approximately 4,000 low-income residents. More information can be found at www.houstonhabitat.org.

McGuyer Homebuilders, Inc., (MHI) offers homes throughout five major markets in Texas under its signature brands Coventry Homes, Plantation Homes and Wilshire Homes. The company received the Humanitarian of the Year award for its extensive community outreach during the 2015 Houston’s Best PRISM Awards presented by the Greater Houston Builders Association. For more information, visit www.mcguyerhomebuilders.com

MHI Wins Austin Production Builder of the Year for Second Consecutive Year

MHI Wins Austin Production Builder of the Year for Second Consecutive Year


AUSTIN, TX (March 7, 2016) –     For a second consecutive year, McGuyer Homebuilders, Inc., (MHI) has been named Production Builder of the Year in the Austin Business Journal’s Residential Real Estate Awards.

The winners of the 17th annual awards program were announced March 3 during a sold-out luncheon at the Hyatt Regency Austin. Honored were top-selling Realtors; top custom, production and green builders; and the area’s leading master-planned community.

“We were excited to win this award last year and to be honored a second consecutive year among Austin’s elite in such a rapidly growing real estate market is incredible,” said Alex Dadidakis, Austin division president. “This award attests to our talented team members who excel in each of their respective fields, from sales, marketing, construction, design and management. It is their dedication and expertise that has made MHI a leader in the Austin market.”

McGuyer Homebuilders, Inc., builds as Wilshire Homes and Coventry Homes in Austin and was the first production builder to commit that every home it builds meets standards of the U.S. Green Building Council’s LEED for Homes program, regardless of price. This LEED certification promises high-performance homes that use less energy, less water and fewer natural resources than homes not LEED-certified.

Coventry Homes builds from the $350,000s in six Austin-area master-planned communities, including Sweetwater and Rough Hollow in west Austin, Harrison Hills in Dripping Springs, Rim Rock in Driftwood, Rancho Santa Fe in Liberty Hill and its newest development — Lakeside at Lake Georgetown in Georgetown.

Wilshire Homes builds homes priced from the $210,000s in 14 Austin-area communities, opening new model homes and boasting new available homesites in several developments. Wilshire Homes has started presales in its newest community, Carneros Ranch in Leander, and is nearly sold out at West Cypress Hills in Spicewood and Highpointe in Austin.

For more information on Coventry Homes, visit www.coventryhomes.com. For details on Wilshire Homes, visit www.wilshire-homes.com

Coventry Homes and Plantation Homes Sponsor Habitat for Humanity Home

Coventry Homes and Plantation Homes Sponsor Habitat for Humanity Home


Houston, TX – Employees of Coventry Homes and Plantation Homes started the new year with a long-standing company tradition — giving back to the community.

More than two dozen corporate employees donned jeans, heavy jackets, rain gear and hard hats Jan. 6 to spend the day building a Habitat for Humanity home. This is the third consecutive year the company has participated in the KPRC Habitat Home.

“Coventry Homes and Plantation Homes are once again honored to partner with KPRC Channel 2 and Houston Habitat for Humanity to help build a home for a deserving family,” said Gary Tesch, president of McGuyer Homebuilders, Inc., parent company of Coventry Homes and Plantation Homes. “The bad weather today didn’t keep our team away because they love being a part of this project. Since 1988, we have built over 50,000 homes for Texas families, and we take a tremendous amount of pride in that.”

Construction of the four-bedroom home got underway Tuesday in the parking lot of the KPRC Channel 2 studios when anchors, reporters, producers and other employees starting building the framework in the pre-dawn hours. Coventry Homes and Plantation Homes staff members followed on Wednesday, unloading and installing the finished frames, securing the frame to the foundation and attaching anchors and windstorm clips.

The home is being built in Harrel Park 2, a northeast Houston neighborhood being developed by Habitat for Humanity. The recipient selection process is new this year, with six approved families invited to participate in construction of the home. After the home is complete, one of the six families will be selected and will be able to move into the home immediately.

Qualifications to be a Habitat for Humanity beneficiary include annual income, current living conditions, an inadequate number of bedrooms for family members and safety concerns regarding current neighborhoods. Families must also contribute 300 hours of “sweat equity” toward the building of a Habitat home.

The Houston Habitat for Humanity organization has been active in the Houston area for 28 years, building 1,000 homes for approximately 4,000 low-income residents. More information can be found at www.houstonhabitat.org.

McGuyer Homebuilders, Inc., (MHI) is a major Houston-based homebuilder offering new homes in Houston, Dallas, Fort Worth, San Antonio and Austin under its signature brands Coventry Homes, Plantation Homes and Wilshire Homes. The company received the Humanitarian of the Year award for its extensive community outreach during the 2015 Houston’s Best PRISM Awards presented by the Greater Houston Builders Association. For more information, visit www.mcguyerhomebuilders.com

Articles from 2014

Coventry Homes, Plantation Homes Win Coveted Houston's Best Prism Awards

Coventry Homes, Plantation Homes Win Coveted Houston's Best Prism Awards


HOUSTON, TX  – Coventry Homes and Plantation Homes were awarded three best-of-the-best honors in the annual Houston’s Best PRISM Awards hosted recently by the Greater Houston Builders Association (GHBA).

The builders, part of the McGuyer Homebuilders, Inc., family of companies, won Internet Marketing Campaign of the Year — Volume Builder, and Coventry Homes won Sales Brochure of the Year — Volume Builder and Television/Video Promo of the Year — Builder.

Plantation Homes was a finalist for Volume Builder Product Design, $200,000-$250,000 and Volume Builder Product Design, $250,000-$300,000. Coventry Homes and Plantation Homes were finalists jointly for Direct Mail Piece of the Year — Business to Consumer, Volume Builder, and for the overall Grand Award for Promotions.

“This is a very competitive contest in one of the nation’s hottest residential real estate markets,” said James Miller, MHI region president. “We are honored to stand with other industry leaders and be recognized for exemplary work.”

The GHBA has been awarding the top real estate people, products and promotions for more than 30 years. This year’s contest drew more than 700 entries, the most ever reported.


Celebrating 25 years of building homes in Texas, Coventry Homes and Plantation Homes offer designs in more than 30 Houston-area locations near employment centers and popular shopping and entertainment destinations. For more information, visit www.coventryhomes.com and www.plantationhomes.com,

About Coventry Homes
Coventry Homes is an integral part of a group of companies including Plantation Homes and McGuyer Homebuilders, Inc. The original founder continues to manage the company, leading a team of top professionals in architecture, construction, land, finance and customer service. Coventry Homes has won numerous local and state awards for best product design and has been building in Texas for 25 years, with current programs in Houston, Dallas-Fort Worth, Austin and San Antonio. For more information, visit www.coventryhomes.com.

About Plantation Homes
Plantation Homes is part of a group of companies including Coventry Homes and McGuyer Homebuilders, Inc. With a 25-year history in Texas, Plantation Homes currently builds in the state’s largest markets, including Houston and Dallas-Fort Worth. The builder has won numerous awards for its innovative product design, including local, state and national honors. For more information, visit www.plantationhomes.com.

About McGuyer Homebuilders, Inc.?
Since its inception in 1988, McGuyer Homebuilders exceeds customers’ expectations through quality service, construction, and value. McGuyer Homebuilders offers its award-winning designs under its signature brands – Coventry Homes, Plantation Homes and Wilshire Homes in five markets across Texas. Celebrating 25 years as a Texas homebuilder, McGuyer Homebuilders builds thousands of homes annually and is honored as one of the top 30 homebuilding firms in the nation. For more information, visit www.mcguyerhomebuilders.com.
 

MHI Names 5 Builders for The Meadows at Imperial Oaks

MHI Names 5 Builders for The Meadows at Imperial Oaks


HOUSTON, TX  – McGuyer Homebuilders, Inc., (MHI) has tapped five well-known builders for its new development of The Meadows at Imperial Oaks, a Spring, Texas community near the ExxonMobil headquarters underway in north Houston.

Builders are Ashton Woods Homes, Beazer Homes, Coventry Homes, J. Patrick Homes and Plantation Homes. Model home construction should begin in 30 to 45 days with presales slated to begin at the beginning of October. Coventry Homes and Plantation Homes are part of the MHI family of builders.

“These builders offer a complementary palette of designs for homes priced from the $200,000s to the $600,000s that should give prospective buyers an array of choices,” said Keith Faseler, division president of land for MHI.

There will be 170 homesites in the project’s first phase: 46 70-foot homesites in a gated neighborhood featuring homes by J. Patrick Homes and Coventry Homes; 77 60-foot homesites, with designs by Ashton Woods Homes and Plantation Homes; and 47 50-foot homesites for homes by Beazer Homes and Plantation Homes.

The Meadows at Imperial Oaks’ 400 acres will have more than 1200 homesites at build-out. By the end of the year, construction crews are expected to begin work on a community recreation center overlooking a 17-acre lake. The complex will offer residents a pool, toddler pool with spray features, pavilion, playground and clubhouse.

The Meadows at Imperial Oaks is nestled within the master-planned community of Imperial Oaks, a few miles east of Interstate 45 and about five miles from the new ExxonMobil campus under construction at Interstate 45 and the Hardy Toll Road. The Woodlands Mall, The Cynthia Woods Mitchell Pavilion and other popular entertainment destinations also are nearby. Students will attend Birnham Woods Elementary, Tom Cox Intermediate, York Junior High and Oak Ridge Senior High, all within the Conroe Independent School District.

About McGuyer Homebuilders, Inc.
Since its inception in 1988, McGuyer Homebuilders exceeds customers’ expectations through quality service, construction, and value. McGuyer Homebuilders offers its award-winning designs under its signature brands – Coventry Homes, Plantation Homes and Wilshire Homes in five markets across Texas. Celebrating 25 years as a Texas homebuilder, McGuyer Homebuilders builds thousands of homes annually and is honored as one of the top 30 homebuilding firms in the nation. For more information, visit www.mcguyerhomebuilders.com.

MCGUYER HOMEBUILDERS ADOPTS MORGAN’S WONDERLAND Employees Plan Busy Volunteer Season

MCGUYER HOMEBUILDERS ADOPTS MORGAN’S WONDERLAND Employees Plan Busy Volunteer Season


SAN ANTONIO, TX (Sept. 17, 2014) –    Employees with McGuyer Homebuilders, Inc., (MHI) are building dreams of a different sort this year, donating time and money to Morgan’s Wonderland, a 25-acre ultra-accessible theme park designed especially for children with special needs, their families and friends.

The builder adopted Morgan’s Wonderland as its official charity late last year. Employees will participate in several park maintenance days this year starting Wednesday, Sept. 17, and will once again serve complimentary cocoa and cookies during the holiday season. The builder also makes a sizable cash donation to the charity each year.

“Morgan’s Wonderland is a dream come true for many special needs children, who never have to pay admission into the park,” said Denny Garrett, MHI region president for San Antonio, Austin and Dallas. “We wanted to support this worthy cause not just monetarily, but also through a personal connection between our employees and these children and their families.”

“We at Morgan’s Wonderland are truly thankful to MHI for many reasons,” said Ron Morander, general manager of Morgan’s Wonderland. “The company has been incredibly generous with its financial as well as volunteer support. Their team members have been more than willing to pitch in on whatever needs to be accomplished, whether it’s sprucing up our landscaping, lending a hand with maintenance projects or even serving hot chocolate and cookies during ‘A Wonderland Christmas’ on chilly December evenings. As a non-profit organization, we get by with a lot of help from our friends such as the wonderful and caring folks at MHI.”

Morgan’s Wonderland, at 5223 David Edwards Drive, is open weekends and has a varying weekday schedule. The park features more than 25 attractions, including rides, playgrounds, gardens and a picnic area. The theme park and nearby STAR Soccer Complex, Toyota Field multi-purpose stadium, the San Antonio Scorpions pro soccer team and Monarch Academy school for students with special needs were created through the vision and leadership of The Gordon Hartman Family Foundation. Net profits from Toyota Field, the Scorpions and STAR Soccer benefit Morgan’s Wonderland.

People with special needs and children ages 2 and under are admitted to the park for free. Children ages 3 to 10, seniors ages 62 and older and military members with a valid ID can purchase tickets for $10 and those ages 11 to 61 pay $15. For more information, visit www.MorgansWonderland.com.

McGuyer Homebuilders operates as Coventry Homes and Wilshire Homes in the San Antonio area, offering homes in 16 area developments with base prices from the $200,000s as well as a Build On Your Lot program.

Coventry Homes, Plantation Homes Donate 300 Pounds of Food to the Houston Food Bank

Coventry Homes, Plantation Homes Donate 300 Pounds of Food to the Houston Food Bank


HOUSTON, TX  –  Tables at the corporate offices of Coventry Homes and Plantation Homes were piled high with more than just lunches recently, as employees collected more than 300 pounds of food for the Houston Food Bank.

The food drive was held during an employee appreciation lunch at the corporate offices of McGuyer Homebuilders, Inc., (MHI), the parent company of both Coventry Homes and Plantation Homes.

“Our employees have a lot of love for their work and for the Houston area, volunteering hundreds of hours of their time for such projects as Habitat for Humanity and, most recently, HomeAid Houston,” said James Miller, MHI region president. “This was an easy outreach effort that will have considerable impact.”

The Houston Food Bank is the nation’s largest food bank, feeding 800,000 people each year through its network of nearly 600 hunger relief charities in 18 southeast Texas counties. The food bank provides 59 million meals to food pantries, soup kitchens, senior centers and other agencies each year and has been named a top charity in Texas by Charity Navigator for financial performance and accountability. The organization hopes to provide 100 million meals annually by 2018.

Celebrating 25 years of building homes in Texas, Coventry Homes and Plantation Homes offer designs in more than 40 Houston-area locations near employment centers and popular shopping and entertainment destinations. For more information, visit www.coventryhomes.com and www.plantationhomes.com. For details on the Houston Food Bank, see www.HoustonFoodBank.org.

MHI STARTS DEVELOPMENT OF THE ENCLAVE AT WESTVIEW

MHI STARTS DEVELOPMENT OF THE ENCLAVE AT WESTVIEW


Presales to Begin in October

HOUSTON, TX (Aug. 18, 2014) –  McGuyer Homebuilders, Inc., (MHI) has broken ground on the Enclave at Westview, a new gated development near Memorial.

On Westview Drive one block west of Campbell Road, the Enclave at Westview will have six homesites, with traditional two-story home designs averaging 4,500 square feet and prices starting at $1 million. Presales begin in October. Coventry Homes, part of the MHI family of builders that also includes Plantation Homes and Wilshire Homes, will be the builder.

Students will attend Valley Oaks Elementary, Spring Branch Middle School and Memorial High School.

“The caliber of these schools makes this area one of Houston’s most coveted addresses,” said James Miller, MHI region president. “You rarely find a home zoned to these schools priced under $1.5 million.”

The Enclave at Westview is just north of Interstate 10. Sam Houston Parkway also is nearby.

Celebrating 25 years of building homes in Texas, MHI offers designs in more than 40 Houston-area locations near employment centers and popular shopping and entertainment destinations. For more information, visit www.coventryhomes.com.  

Articles from 2015

The Wall Street Journal: Home Builders Say Loans Are No Longer Scarce

The Wall Street Journal: Home Builders Say Loans Are No Longer Scarce


Many factors, on the demand and supply sides, continue to hinder the home-construction market in the U.S. from returning to normal. But, several home builders say, the availability of construction loans no longer is one of them.

Indeed, lenders are opening the spigot at a steady, albeit moderate, pace for commercial and residential construction alike, which bodes well for output in those industries. That, in turn, stands to benefit the U.S. economy, given that rising construction spending contributes greatly to gross domestic product.

Figures released Wednesday by the Federal Deposit Insurance Corp. show that total outstanding balances on construction loans from FDIC-backed institutions amounted to $255.8 billion in the second quarter, up 3.9% from the first. That marks the fifth consecutive quarter of double-digit, year-over-year percentage growth as construction lending rebounds from its nadir of $201.5 billion in early 2013.

The main residential component of that total–loans for constructing homes of single- to four-family units–also continued to gain ground this year. Outstanding balances on loans from FDIC-backed institutions for building those houses totaled $56.1 billion in the second quarter, up nearly 4.7% from the first.

“For residential-construction loans, this is the fifth consecutive quarter of year-over-year growth in the range of 16% to 17.5%,” said Robert Dietz, a senior economist with the National Association of Home Builders. “Ongoing growth in residential construction loans points to additional expansion for single-family (construction) starts.”

That’s been the sticking point in recent years. Even with a good gain in new-home sales in July, the pace of sales that month amounted to only 51% of the average annual pace of the most recent normalized market in 2001 to 2003. Home construction needs to return to its normal output in order to contribute meaningfully to the U.S. economic recovery.

Opinions are plentiful on which factors are the biggest hindrances to home construction. But many say that construction lending no longer is one of them, which the FDIC figures underscore.

“I don’t see construction-loan availability as the problem now,” said Bill Davidson, owner and chief executive of California builder Davidson Communities, which anticipates building 200 homes this year. “It certainly was two years ago. But the market (demand) is not there yet for us to be building more houses than we are.”

Mr. Davidson is among those who point to weak demand to buy houses, particularly among younger, entry-level buyers, as the chief reason behind home-construction’s slower-than-anticipated rebound. Those buyers have been hobbled in recent years by a slow ramp-up in job growth, tepid wage gains, tight mortgage-qualification standards and mounting student debt. Meanwhile, Mr. Davidson said he finds construction loans “readily available now.”

To be sure, construction lending still has a long way to go in its recovery. Overall construction lending still is 59.5% less than its peak of $631.8 billion in early 2008. And lending for building single- to four-unit homes remains 70% less than its peak of $186.3 billion in early 2008.

Yet lenders say that the construction-loan market has made significant strides of late, with more competitors entering the fray. Russ Ruhnke, a senior vice president overseeing lending to home builders throughout the Midwest for Associated Banc-Corp., based in Green Bay, Wis., said the number of home-construction loans that the bank reviews for approval has increased by 40% to 50% in the past year.

“I do notice that we seem to have more competition…from the smaller, community banks,” Mr. Ruhnke said.

However, increased availability doesn’t mean looser terms. Many banks still won’t lend for as large a percentage of a project’s total cost as they would during last decade’s boom. And some banks want guarantees from builder executives to personally repay loans if their companies can’t, a proposal at which many builders balk.

Credit “is available, but it’s definitely more conservative,” said Gary Tesch, president of Houston-based McGuyer Homebuilders Inc., a closely held builder aiming to construct 1,500 homes this year. “On vertical construction, most banks are back in that business today. Not all are back in land-development financing.”

Some say that most perceived shortfalls in home-construction lending are actually rejections of riskier projects.

“I believe that there is sufficient supply of credit to meet the demand,” said R. Bird Anderson Jr., executive vice president in Wells Fargo & Co.’s home-builder banking group in Charlotte. “When we hear stories of a sponsor unable to get traditional senior bank debt, if you get to the details of the story you will find that it is a more speculative project or it’s a large project with high leverage requests and no recourse to the sponsor.”

This article originally appeared in the Economics section of The Wall Street Journal. For more information, visit www.wsj.com.

The Wall Street Journal: U.S. Housing Starts Pull Back, but Permits Point to Pickup

The Wall Street Journal: U.S. Housing Starts Pull Back, but Permits Point to Pickup


WASHINGTON - U.S. builders are preparing to ramp up home construction this summer, underscoring Americans’ growing demand for housing and potentially propelling the economy to stronger growth.

Groundbreakings surged to a seven-year high in April before falling 11% last month, the Commerce Department said Tuesday. The level of activity remained stable in May at an annual rate of 1.04 million units, and signs pointed to further gains in coming months.

Permits to build new homes surged 12% last month to an annual rate of 1.275 million, the highest since August 2007. Permits for apartment construction surged, while permits for single-family homes, a much broader segment, rose modestly.

The figures offer the latest sign the housing market is slowly gaining momentum as more Americans land jobs and start to see slightly higher wage gains, positioning them for home buying. Meanwhile, a rapid rise in home rents in recent years is making apartment construction more attractive.

”The fundamentals for single-family homebuilding are quite positive: job and income gains, pent-up demand, low mortgage rates, and easing access to credit,”Stuart Hoffman, PNC’s chief economist, said in a note to clients. “New rules designed to encourage mortgage lending, especially to first-time buyers, provide upside potential for single-family homebuilding.”

A pickup in home building would boost the economy, since it would increase construction jobs while supporting many other industries, from lumber to furniture makers.

Last month’s pullback in overall home construction may have been driven in part by weather. Unusually wet weather stymied builders in several states in May, especially those in the central and southern U.S. In Texas, which often vies with California as the busiest state for builders, May rainfall amounted to 8.93 inches, far exceeding the previous monthly record of 6.66 inches set in June 2004, according to the National Center for Environmental Information.

May rainfall totals in neighboring states were similarly high, including 8.12 inches in Louisiana, 14.06 inches in Oklahoma, 10.35 inches in Arkansas, 8.15 inches in Kansas and 5.27 inches in Colorado.

Tuesday’s report on housing starts showed that construction fell in all four regions, with the biggest declines occurring in the Northeast and Midwest.

Demand for new homes remained strong, builders say, but the constant rain in certain states made pouring foundations, framing and roofing all but impossible. DSLD Homes, a closely held builder based in Baton Rouge, La., started construction of 150 homes in May in Louisiana, Mississippi and Alabama. That is roughly flat with DSLD’s year-ago tally, and it is a slowdown from the 15% year-over-year gains that the builder logged in March and April.

”We had crews idled, and things cost more when you’re trying to do them in between rain,” DSLD Chief Executive Saun Sullivan said. “Even if the same amount of construction happens, it costs more to get it to happen. There are more open items like sod (installation) and more crews working on the weekend.”

In Texas, McGuyer Homebuilders Inc. started 136 homes in May, up 20% from a year ago. Demand justified starting additional homes that month, but the rain wouldn’t allow it. McGuyer’s starts “would have been 33% higher if not for the weather delay,” McGuyer President Gary Tesch said.

U.S. housing starts are still far below historical norms. Even with the latest momentum groundbreakings are less than half their 2006 peak of 2.27 million homes, annualized. In the late 1990s starts routinely exceeded a 1.5 million pace.

Other reports show progress in the housing market. Confidence among home builders rose this month to the highest level since September, the industry’s National Association of Home Builders said this week.

Measures of current and future sales expectations “are at their highest levels since the last quarter of 2005, indicating a growing optimism among builders that housing will continue to strengthen in the months ahead,” NAHB Chief Economist David Crowe said in a statement.

Pending home sales—a measure of purchases based on contract signings rather than closings—climbed in the first four months of the year, with April marking a nine-year high, the National Association of Realtors said last month.

The most closely watched measure of the housing market—sales of previously owned homes, based on closings—surged in March, but gave up some ground in April, the NAR said last month.

This article originally appeared in the Economy section of The Wall Street Journal. For more information, visit www.wsj.com

Builder Magazine Lists MHI No. 31 on National Ranking

Builder Magazine Lists MHI No. 31 on National Ranking


McGuyer Homebuilders, Inc., (MHI), parent company of Coventry Homes, Plantation Homes and Wilshire Homes, has been listed as No. 31 on the 2015 Builder 100, the annual ranking of the nation’s 100 largest homebuilding companies.

Among privately held builders, MHI was ranked No. 13.

The Builder 100 list is compiled by BUILDER magazine, which has conducted the survey of public and private builders since 1984. Rankings are based on total number of homes closed during the previous year. In 2014, MHI companies closed 1,343 homes in Austin, Dallas-Fort Worth, Houston and San Antonio.

“Once again, we are very pleased to rank so highly on this prestigious list of national homebuilders,” said Gary Tesch, president of MHI. “Many of the builders listed ahead of us have multi-state programs. The fact that we rank so high on a national list points to the strength of our building program in Texas.”

McGuyer Homebuilders, Inc., has been operating in Texas for more than 25 years. The company builds as Coventry Homes and Wilshire Homes in Austin, Coventry Homes and Plantation Homes in Dallas-Fort Worth and Houston, and Coventry Homes and Wilshire Homes in San Antonio. In all, the company builds in more than 90 Texas communities.

“The foundation of our success in Texas has been building to the highest energy-efficient standards and offering our buyers complete flexibility in making structural and other changes to our designs to create a home perfectly suited to their needs,” Tesch said.

For more information on what MHI offers in Texas, visit www.coventryhomes.com, www.plantationhomes.com and www.wilshire-homes.com.

Newest Habitat For Humanity Home Complete

Newest Habitat For Humanity Home Complete


McGuyer Homebuilders, Inc. Sponsors 2nd Home: The keys have been handed over to another new Habitat for Humanity beneficiary, Sandra Barrera, who is now living with her family in a home built partially by employees of Coventry Homes, KPRC Channel 2 and other community volunteers.

Twenty staffers from Coventry Homes’ corporate headquarters joined crews from KPRC Channel 2 and Houston Habitat for Humanity to work on a Habitat home that started construction in January. It is the builder’s second consecutive year to sponsor a Habitat for Humanity home.

“Each year, we get opportunities to partner with various groups, so this one just really hits home,’ said Gary Tesch, president of McGuyer Homebuilders, Inc., (MHI), parent company of Coventry Homes. “What’s really cool about this is so many of our folks from the corporate side get to come out and be part of this. We are honored to be part of this great endeavor.”

The Coventry team was responsible for decking, joints, weather stripping and installation of weather-proof insulation of the four-bedroom home in Harrel Park 2, a neighborhood being developed by Habitat for Humanity. Barrera, a working single mother who is studying to be a pharmacy technician, will live there with her two young children, grandmother and father. Moving from a small trailer home, Barrera said she has dreamed of living in a larger place to raise her children.

“I want to give them a bigger space to grow, play around and have their own space,” she said. “I want to bless you all for blessing me and my family.”

Coventry Homes joined Star Furniture, Noble Energy, Pappas Restaurants and Shipley Donuts in sponsoring the KPRC Habitat home. Other sponsor teams also had “build days,” joining Habitat for Humanity personnel and Barrera, who contributed 300 hours of sweat equity into the building of her home. Habitat for Humanity benefactors also must complete training on home ownership and purchase their home through no-interest loans.

The Houston Habitat for Humanity organization has been active in the Houston area for 27 years, building 960 homes for approximately 3,600 low-income residents. More information can be found at www.houstonhabitat.org.

McGuyer Homebuilders, Inc., (MHI) offers homes throughout five major markets in Texas under its signature brands Coventry Homes, Plantation Homes and Wilshire Homes. Coventry Homes builds in 26 developments in Houston, six in Austin and four in Dallas-Fort Worth. Plantation Homes offers designs in 19 Houston-area communities and 11 developments in Dallas-Fort Worth. Wilshire Homes builds in 13 communities in Austin and 10 in San Antonio. For more information, visit www.mcguyerhomebuilders.com

MHI Named Austin’s 2015 Production Builder of the Year by the Austin Business Journal

MHI Named Austin’s 2015 Production Builder of the Year by the Austin Business Journal


AUSTIN, TX (March 3, 2015) –     McGuyer Homebuilders, Inc., (MHI) has been named Production Builder of the Year in the Austin Business Journal’s 2015 Residential Real Estate Awards.

The winners were announced Feb. 27 during a ceremony at the Hyatt Regency Austin.

In its 16th year, the competitive event honors Central Texas’ top Realtors, builders and master-planned communities.

“It is an honor to be recognized among these best-of-the-best industry experts,” said Alex Dadidakis, Austin division president. “We have significantly expanded our presence in Austin over the past three years as developers seek us out for our flexible designs, customer service and green-building practices. It is gratifying to reach this pinnacle in such a short time.”

McGuyer Homebuilders, Inc., builds as Wilshire Homes and Coventry Homes in Austin and was the first production builder to commit that every home it builds meets standards of the U.S. Green Building Council’s LEED for Homes program, regardless of price. This LEED certification promises high-performance homes that use less energy, less water and fewer natural resources than homes not LEED-certified.

Coventry Homes builds from the $300,000s in five Austin-area master-planned communities, including Sweetwater and Rough Hollow in southwest Austin, Harrison Hills in Dripping Springs, Rim Rock in Driftwood and Rancho Santa Fe in Liberty Hill.

Wilshire Homes builds homes priced from the $160,000s in 13 Austin-area communities, including Belterra in Austin, which won Master-Planned Community of the Year in the 2015 Residential Real Estate Awards. The builder is continuing its Austin expansion this year, opening models in several new communities, including Sweetwater in Austin, Rim Rock in Driftwood and Rancho Santa Fe in Liberty Hill.

For more information on Coventry Homes, visit www.coventryhomes.com. For details on Wilshire Homes, visit www.wilshire-homes.com.

Articles from 2016

Wilshire Homes Breaks Ground on Mortgage-Free Home for Married Army Vets

Wilshire Homes Breaks Ground on Mortgage-Free Home for Married Army Vets


AUSTIN, TX (May 18, 2016) –      Wilshire Homes, in partnership with Operation Finally Home, broke ground on a new home for two military veterans in a ceremony held May 17 in Round Rock.

This is the first time the builder has teamed up with the non-profit organization, which is dedicated to providing custom-built, mortgage-free homes for disabled or ill veterans and their families. Wilshire’s home will be located at 2705 Diego Drive within Paloma Lake, a 750-acre master-planned community in Round Rock.

“We were honored to be approached by Operation Finally Home in this endeavor,” said Gary Tesch, president of McGuyer Homebuilders, Inc. (MHI), parent company of Wilshire Homes. “American servicemen and women have sacrificed so much in the defense of our nation’s freedoms and values. Building a home that will meet this family’s needs is the least we can do.”

Nick and Shelby Nelms who met while in the Army and both served in Afghanistan, were named the recipients of the mortgage-free home on the Bob Cole KOKE FM morning radio program shortly before the groundbreaking ceremony May 17. The couple was on a mission in 2011 when Shelby’s truck was hit by an improvised explosive device (IED). An Army medic, Nick ran to the truck and pulled Shelby to safety. The pair married later that year upon returning from Afghanistan. They now have two children and still suffer from combat-related ailments.

Wilshire Homes builds in Austin and San Antonio, garnering a number of state and national product design awards along the way. In addition to Paloma Lake, the builder is active in 14 Austin-area communities. Details about Wilshire Homes are available at www.wilshire-homes.com.

Operation Finally Home was established in 2005, partnering with builder associations, builders, developers, corporate sponsors, individual contributors, and volunteers to help military veterans and their families transition to the home front. For more information about Operation Finally Home, visit www.operationfinallyhome.org.

New Home Source TV Features Coventry Homes and Plantation Homes

New Home Source TV Features Coventry Homes and Plantation Homes


Coventry Homes and Plantation Homes, in partnership with Builders Digital Experience (BDX), is being featured on New Home Source TV in a series of segments that highlight the builders’ philosophy and designs.

Hosted by Brett Tutor, a certified home inspector and green home auditor, New Home Source is an hour-long, HGTV-style real estate program focused on the Houston market. The show airs at 11 a.m., Sundays, on KHOU Channel 11, taking viewers on a tour of the latest floor plans, design trends, green features and neighborhood amenities offered by new home builders.

Segments featuring Coventry and Plantation began airing April 3 with a tour of a Coventry model home. Pieces about Plantation Homes, the builders’ “Built Around You” philosophy and the design center are slated to air weekly through July 24. Episodes also can be viewed on the New Home Source website, www.newhomesource.com/newhomesourcetv/houston.

“This is a very exciting opportunity for us to educate the public on what we offer,” said James Miller, region president of McGuyer Homebuilders, Inc., (MHI), parent company of Coventry Homes and Plantation Homes. “Each segment will allow customers to tour our designs, as well as learn what makes us stand out from other Houston builders.”

Miller is particularly excited about the opportunity to explain the builders’ “Built Around You” philosophy and provide viewers with a tour of the design center.

“We always explain how our flexible floor plans can be customized to meet buyers’ needs,” Miller said. “On television, we can show exactly what we mean by that. We also can show people how our design center can help them create a one-of-a-kind home that expresses their personal style.”

Both Coventry Homes and Plantation Homes build in communities throughout the Houston area, including Towne Lake in Cypress, Firethorne in Katy, Aliana in Richmond and Pomona in Manvel. Coventry’s homes are priced from the $300,000s to more than $1 million. Plantation’s homes start from the $220,000s to the $500,000s.

McGuyer Homebuilders, Inc. is one of the top 30 homebuilders in the nation and has been repeatedly recognized for its excellence in home design. It has been building homes in Texas for more than 25 years and markets in Houston, Dallas-Fort Worth, Austin and San Antonio.

Amraoui Family Receives Keys to 2016 KPRC Habitat Home

Amraoui Family Receives Keys to 2016 KPRC Habitat Home


Houston, TX (April 12, 2016) – Home has never been so sweet for polio survivor Abdel Amraoui, who on Tuesday was handed the keys to his very first home.

Emigrated to the United States in 2001 from Casablanca, Amraoui faced homelessness, with a remaining paralysis in his legs and an inability to understand English. Hard work, determination and help from friends like Coventry Homes, Plantation Homes and others involved in the 2016 KPRC Habitat Home has earned Amraoui, his wife and three children a new home through Houston Habitat for Humanity.

“We’re so excited to get out and move to a better place,” Amraoui said. “The kids are going to have their own space where they can do their homework, have their own area — it’s big for us.”

Work began on the KPRC Habitat Home in January in the parking lot of the KPRC Channel 2 studios. Corporate employees of Coventry Homes and Plantation Homes picked up tools early on to help construct the home, unloading and installing finished frames, securing the frame to the foundation and attaching anchors and windstorm clips. It is the third consecutive year Coventry Homes and Plantation Homes have participated in the project.

“On behalf of all the employees at Coventry Homes and Plantation Homes, we were honored to be part of this project once again,” said Gary Tesch, president of McGuyer Homebuilders, Inc., (MHI), parent company of Coventry Homes and Plantation Homes. “This is such an exciting day, and to hear the story of the Amraoui family and to be part of it all is just tremendously special.”

The four-bedroom brick home is located in Harrel Park 2, a northeast Houston neighborhood being developed by Habitat for Humanity. The recipient selection process is new this year, with six approved families invited to participate in construction of the home. Amraoui, who now works full time in the IRS Taxpayer-Advocacy Division, and his wife Laila were told April 5 they had been selected to receive the home. Joining Coventry Homes and Plantation Homes in sponsoring the KPRC Habitat Home were Star Furniture, Christian Brothers Automotive, Pappas Restaurants and Shipley Donuts.

The Houston Habitat for Humanity organization has been active in the Houston area for 28 years, building 1,000 homes for approximately 4,000 low-income residents. More information can be found at www.houstonhabitat.org.

McGuyer Homebuilders, Inc., (MHI) offers homes throughout five major markets in Texas under its signature brands Coventry Homes, Plantation Homes and Wilshire Homes. The company received the Humanitarian of the Year award for its extensive community outreach during the 2015 Houston’s Best PRISM Awards presented by the Greater Houston Builders Association. For more information, visit www.mcguyerhomebuilders.com

MHI Wins Austin Production Builder of the Year for Second Consecutive Year

MHI Wins Austin Production Builder of the Year for Second Consecutive Year


AUSTIN, TX (March 7, 2016) –     For a second consecutive year, McGuyer Homebuilders, Inc., (MHI) has been named Production Builder of the Year in the Austin Business Journal’s Residential Real Estate Awards.

The winners of the 17th annual awards program were announced March 3 during a sold-out luncheon at the Hyatt Regency Austin. Honored were top-selling Realtors; top custom, production and green builders; and the area’s leading master-planned community.

“We were excited to win this award last year and to be honored a second consecutive year among Austin’s elite in such a rapidly growing real estate market is incredible,” said Alex Dadidakis, Austin division president. “This award attests to our talented team members who excel in each of their respective fields, from sales, marketing, construction, design and management. It is their dedication and expertise that has made MHI a leader in the Austin market.”

McGuyer Homebuilders, Inc., builds as Wilshire Homes and Coventry Homes in Austin and was the first production builder to commit that every home it builds meets standards of the U.S. Green Building Council’s LEED for Homes program, regardless of price. This LEED certification promises high-performance homes that use less energy, less water and fewer natural resources than homes not LEED-certified.

Coventry Homes builds from the $350,000s in six Austin-area master-planned communities, including Sweetwater and Rough Hollow in west Austin, Harrison Hills in Dripping Springs, Rim Rock in Driftwood, Rancho Santa Fe in Liberty Hill and its newest development — Lakeside at Lake Georgetown in Georgetown.

Wilshire Homes builds homes priced from the $210,000s in 14 Austin-area communities, opening new model homes and boasting new available homesites in several developments. Wilshire Homes has started presales in its newest community, Carneros Ranch in Leander, and is nearly sold out at West Cypress Hills in Spicewood and Highpointe in Austin.

For more information on Coventry Homes, visit www.coventryhomes.com. For details on Wilshire Homes, visit www.wilshire-homes.com

Coventry Homes and Plantation Homes Sponsor Habitat for Humanity Home

Coventry Homes and Plantation Homes Sponsor Habitat for Humanity Home


Houston, TX – Employees of Coventry Homes and Plantation Homes started the new year with a long-standing company tradition — giving back to the community.

More than two dozen corporate employees donned jeans, heavy jackets, rain gear and hard hats Jan. 6 to spend the day building a Habitat for Humanity home. This is the third consecutive year the company has participated in the KPRC Habitat Home.

“Coventry Homes and Plantation Homes are once again honored to partner with KPRC Channel 2 and Houston Habitat for Humanity to help build a home for a deserving family,” said Gary Tesch, president of McGuyer Homebuilders, Inc., parent company of Coventry Homes and Plantation Homes. “The bad weather today didn’t keep our team away because they love being a part of this project. Since 1988, we have built over 50,000 homes for Texas families, and we take a tremendous amount of pride in that.”

Construction of the four-bedroom home got underway Tuesday in the parking lot of the KPRC Channel 2 studios when anchors, reporters, producers and other employees starting building the framework in the pre-dawn hours. Coventry Homes and Plantation Homes staff members followed on Wednesday, unloading and installing the finished frames, securing the frame to the foundation and attaching anchors and windstorm clips.

The home is being built in Harrel Park 2, a northeast Houston neighborhood being developed by Habitat for Humanity. The recipient selection process is new this year, with six approved families invited to participate in construction of the home. After the home is complete, one of the six families will be selected and will be able to move into the home immediately.

Qualifications to be a Habitat for Humanity beneficiary include annual income, current living conditions, an inadequate number of bedrooms for family members and safety concerns regarding current neighborhoods. Families must also contribute 300 hours of “sweat equity” toward the building of a Habitat home.

The Houston Habitat for Humanity organization has been active in the Houston area for 28 years, building 1,000 homes for approximately 4,000 low-income residents. More information can be found at www.houstonhabitat.org.

McGuyer Homebuilders, Inc., (MHI) is a major Houston-based homebuilder offering new homes in Houston, Dallas, Fort Worth, San Antonio and Austin under its signature brands Coventry Homes, Plantation Homes and Wilshire Homes. The company received the Humanitarian of the Year award for its extensive community outreach during the 2015 Houston’s Best PRISM Awards presented by the Greater Houston Builders Association. For more information, visit www.mcguyerhomebuilders.com

Our Family of Homebuilding Companies

CORPORATE OFFICES

Corporate Headquarters/Houston
7676 Woodway, Suite 104
Houston, Texas 77063
P (713) 952-6767
F (713) 952-5637
Dallas/Fort Worth
16980 North Dallas Parkway
Suite 100
Dallas, Texas 75248
P (972) 484-6665
F (972) 484-9523
Austin
8200 North Mopac Expressway
Suite 300
Austin, Texas 78759
P (512) 502-2050
F (512) 388-1836
San Antonio
16914 San Pedro Ave
San Antonio, Texas 78232
P (210) 408-1205
F (210) 490-8649