Housing Giants - June 10, 2008 - (Page 17)

If you’ve never been through a busIness start-up, you have no idea of the camaraderie that is formed in the heat of the fire, with the potential for failure lurking at your back. The people around you in such a crucible become like family and the person who pulls that group together takes on all the true and best qualities of a leader. The right people with the right leader can achieve wonderful things, and that is what has happened at Wall Homes under the direction of CEO Steve Wall. The Arlington, Tex.based move-up home builder started operations in April 2005, and during the three subsequent years it has grown to become the 171st largest home builder in the United States based on the 2008 Report on Housing’s Giants by Professional Builder magazine. In 2007, the company closed 558 homes and achieved annual revenues of $118 million. How does a company achieve that growth when it closed its first home in November 2005? Particularly in the teeth of a debilitating home building market? Leadership. Innovation. Proven Performance. Those also happen to be the criteria Housing Giants editors use to choose the CEO of the Year, which this year goes to Steve Wall. www.housInggIants.com The best measure of a leader is the quality of the people attracted to him, and Wall homes is characterized by people who are energetic, smart and driven by a sense of urgency — the kind of people any business leader Home buyers can get exactly what they want while the company controls construction. would love to have sharing his vision. Wall and his team also managed to create an innovative and efficient way to deliver customized homes in a production home-building environment. They’re walking the tightrope between controlled costs and out-ofcontrol spending, but have established such sharp systems that home buyers can get exactly what they want while the company completely controls the construction process. path to success Wall left Choice Homes, where he had served six years as CEO, at the end of January in 2005. At Choice, he directed a company catering to the first-time home buyer, but he saw an opportunity to change the nature of 6.10.08.housIng gIants 17 http://www.wall.com/ http://www.wall.com/Bio-WallS.asp http://www.housingzone.com/probuilder/index.asp?layout=giants http://www.housingzone.com/probuilder/index.asp?layout=giants http://www.choicehomes.com/ http://www.housinggiants.com

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Housing Giants - June 10, 2008 Contents Viewpoint News & Moves Market CEO of the Year

Housing Giants - June 10, 2008

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