The top ten home builders in 2009, based on annual earnings, was published in a recent report from eConsultant.com. The top ten home builders are as follows:

1.       Centex – $8.41 billion – Centex Corporation (NYSE: CTX) was founded in 1950 and is headquartered in Dallas, Texas. Tim Eller is the CEO and president and Centex Corp. employed 6,530 people in 2008.

2.       D.R. Horton – $6.65 billion – D.R. Horton (NYSE: DHI) was founded in 1978 and is headquartered in Fort Worth, Texas. Donald R. Horton is the founder and chairman, Donald J. Tomnitz is CEO and president.

3.       Pulte Homes – $6.29 billion – Pulte Homes (NYSE: PHM) was founded in 1950 and is headquartered in Bloomfield Hills, Michigan. William J. Pulte is the founder and Richard J. Dugas is the CEO. Pulte employed 13,400 people in 2006.

4.       Lennar – $4.58 billion- Lennar Corporation (NYSE: LEN) was founded in the 1950s and is headquartered in Miami, Florida. Stuart Miller is the president and CEO. Lennar’s homes are currently found in 17 states.

5.       NVR – $3.71 Billion – NVR Incorporated (NYSE: NVR) was founded in 1980 and is headquartered in Reston, Virginia. Paul C. Saville is president and CEO and employs roughly 5,400 people.

6.       K. Hovnanian Homes – $3.31 billion – Hovnanian Enterprises (NYSE: HOV) was founded in 1950 by Kevork S. Hovnanian and is currently headquartered in Red Bank, New Jersey. Ara K. Hovnanian is CEO and president. In 2008, Hovnanian Enterprises employed 2,816 people.

7.       Toll Brothers – $3.2 billion – Toll Brothers (NYSE: TOL) was founded in 1967 and is headquartered in Horsham, Pennsylvania. Robert I Toll is Chairman and CEO. In 2007, Toll Brothers employed 4,329 people.

8.       KB Home – $3.03 billion – KB Home (NYSE: KBH) was founded in 1957 as Kaufman & Broad and is headquartered in Los Angeles, California. Jeffrey T. Mezger is president and CEO as of 2006.

9.       Beazer Homes – $2.01 billion – Beazer Homes (NYSE: BZH) was founded in 1994 and is headquartered in Atlanta, Georgia. Ian McCarthy is president and CEO and Beazer Homes currently provides new homes in over 40 markets nationwide.

10.       Ryland Homes -$1.98 billion – The Ryland Group, Inc. (NYSE: RYL) was founded in 1967 and is headquartered in Calabasas, California. The Ryland Group employees around 3,200 people.

Toll Brothers Offers Detroit Home Buyers A Limited Time Below Market 30-Year Fixed Rate

America’s largest luxury home builder, Toll Brothers, is running a 10-day sales event that provides new home buyers in Metro-Detroit, Michigan every reason to capitalize on the current buyer’s market. Toll Brothers’ limited time offer of the lowest 30-year fixed rates in history for up to 12 months at no additional cost begins today and ends Sunday, June 7. The offer applies to any one of the nine Toll Brothers’ communities located throughout Detroit.

“Anyone buying during this event will receive a superior Toll Brothers home packed with more value than ever at an incredible price and at a rate that they can feel great about,” says William Bye, vice president of Toll Brothers. “It just doesn’t get any better than this.”

Here’s how it works:

Up until very recently the average 30-year fixed rate was at 5.5% with no points for loans up to $417,000. Toll Brothers’ special mortgage program allows buyers to take advantage of a rate close to 4.25% (4.3% APR) and lock in the rate for up to 345 days while your new home is built.

Christina Griffin, Business Development Manager for TBI Mortgage, Toll Brothers’ mortgage subsidiary, says this special mortgage incentive equates to real money in the buyer’s pocket. At 4.25%, someone securing a $417,000 loan will have a monthly principal and interest payment of about $2,052,” Griffin says. “This saves the buyer about $315 per month and well over $100,000 in interest over the life of the loan compared to a rate of 5.5%.”

This promotional offer is only available through TBI Mortgage and the minimum required down payment is 20%. Buyers may also apply for a jumbo loan (a loan over the industry standard of $417,000) which are also available at a discounted interest rate. Additional programs and packages have been designed to meet the needs of all buyers. As always, certain conditions do apply, so potential buyers should speak with a Toll Brothers sales representative for specific details.

In Fortune magazine’s World’s Most Admired Companies 2009, Toll Brothers was voted number one among home builders in Quality of Management, Quality of Products and Services, Long-term Investment, Financial Soundness, and Use of Corporate Assets.

Corona View is an upscale housing subdivision in southern Corona, California. Corona View boasts rolling hills, majestic mountain views, close proximity to fine dining, shopping centers, recreational areas, and entertainment venues, plus homebuyers have eight luxury home designs to choose from.

Catalina Home Plan by Toll Brothers

Catalina is a 4 bed, 4 full-bath, 1 half-bath, 4,010 square foot, single-story home starting at $949,995. Features include a well-equipped kitchen that includes a butler pantry and island. The master suite includes a sitting area, a large walk-in closet, plus a luxurious master-bath with a lavish Roman tub. Catalina includes a formal dining area and a 4-car garage.

Newport Home Plan by Toll Brothers

Newport is a 4 bed, 4 full-bath, 1 half-bath, 4,843 square foot, single-story home starting at $999,995. This stunning home features 12-foot ceilings throughout, a well-equipped kitchen with butler pantry and food preparation island. The master bedroom provides a walk-in closet, a sitting area, and the master-bath is equipped with a Roman tub.

Palos Verdes Home Plan by Toll Brothers

Palos Verdes is a 5 bed, 5 full-bath, 1 half-bath, 4,781 square foot, two-story home starting at $999,995. This two-story home features a turret with a curved staircase, a second floor master bedroom, a library on the ground floor, a breakfast nook, and moderately sized social room. The Palos Verdes includes a 4-car garage, 2 dining areas, and 2 living areas.

Santa Barbara Home Plan by Toll Brothers

Santa Barbara is a 5 bed, 4 full-bath, 1 half-bath, 4,961 square foot, two-story home starting at $1,049,995. Features of the Santa Barbara include a first floor library, a formal dining area, an additional dining area, a 4-car garage, 2 living areas, and this home can be customized to increase the overall square footage to 5,185.

Mayfair Home Plan by Toll Brothers

Mayfair is a 5 bed, 5 full-bath, 1 half-bath, 5,257 square foot, two-story home starting at $1,099,995. The Mayfair features an elegant kitchen, a second story master-suite, a formal living room, family room, 2 dining areas, a downstairs library, a 4-car garage, and this home can be customized to increase the overall square footage.

Ironwood Home Plan by Toll Brothers

Ironwood is a 4 bed, 4 full-bath, 1 half-bath, 5,257 square foot, two-story home starting at $1,099,995. The Ironwood features an oversized casita with walk-in closet and private bath, private courtyard entry with covered loggia, a luxurious second floor master-bedroom, open kitchen design, a formal living area, family room, and formal dining area.

Del Mar Home Plan by Toll Brothers

Del Mar is a 5 bed, 5 full-bath, 1 half-bath, 5,519 square foot, two-story home starting at $1,124,995. The Del Mar offers the buyer a study, two-story living and dining area, well-designed kitchen, a 4-car garage, second story master-bedroom with walk in closet, sitting area, and luxurious master-bath with Roman tub.

Long Beach Home Plan by Toll Brothers

Long Beach is a 6 bed, 6 full-bath, 1 half-bath, 6,518 square foot, two-story home starting at $1,299,995. The Long Beach home plan features a downstairs library, an elegant circular staircase, a gourmet kitchen with island, an upstairs master-bedroom with a sitting area and luxurious bathroom with a private shower area and a Roman tub.

In fiscal year 2008, Toll Brothers closed 4,743 homes, which brought in $3.16 billion in revenue; the home builder recorded an ’08 net loss of $297.8 million. In fiscal year 2007, the builder closed 6,687 homes, which brought in $4.65 billion in revenues resulting in a net income of $35.7 million. In both years, Toll Brothers delivered the most homes in their Mid-Atlantic region (Delaware, Maryland, Pennsylvania, Virginia and West Virginia). At the end of fiscal year ’08 (October), Toll Brothers reported $1.63 billion in cash and approximately $1.32 billion available in revolving credit.

Toll Brothers builds new homes and communities in 50 geographical markets and 21 states across the country: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The builder builds single-family, active adult, condominium, carriage, villa and townhomes ranging from the low $200s to over $1.5 million. In addition to building new homes and neighborhoods throughout the United States, Toll Brothers offers new home mortgage and refinancing services through TBI Mortgage.

For more information about Toll Brothers, visit them online at www.TollBrothers.com; you can start searching for Toll Brothers’ homes and subdivisions by using their new home search tool.

Quick Facts about Toll Brothers Inc.

• President and CEO: Robert I. Toll
• Stock Ticker: TOL
• 2008 revenue from homebuilding: $3.16
• 2008 net Income from homebuilding: ($297.8 million)
• 2008 home closings: 4,743
• 2007 home closings: 6,687
• Reach: 50 markets in 21 states

Sources:

www.TollBrothers.com

Toll Brothers ’08 Annual Report