Housing Giants - February 1, 2009 - (Page 12) FEATURE to 562 in 2005 for $70 million in revenue. So Main Street expanded to College Station in 2001 and San Antonio in 2004, and pushed closings back to more than 1,000 a year before the crash of 2008. The partners have a synergistic relationship, and the drive to keep growing. Bartholomew, who headed Fidelity Savings & Loan in Austin until the S & L crash of the late 1980s, is a certified public accountant with experience in finance and the mortgage industry. He gravitates toward the financial management side of the business. LeBoeuf is a career home builder with a gift for fine-tuning production building operations. “We decided we wanted to be partners in the early 1990s,” Bartholomew recalls, “but we didn’t know what business. Then we thought, ‘Well, David knows construction, and I know mortgage finance, so let’s build some entry houses until something else comes along!’ We’ve never stopped.” The partners decided their unique selling proposition would be small, well-built homes — with features and attributes associated with larger, more expensive houses. They now have 10 communities in Austin, eight in San Antonio and one in College Station. “We make all the big decisions together,” LeBoeuf says, “I’m more experienced with product, but Steve has developed a very good eye for design.” Main Street has two product lines, constantly tweaked by an in-house design staff. “The first line is smaller, more basic homes,” LeBoeuf explains. “The second is more feature-oriented, with vaulted ceilings, ceiling fans, and more options and upgrades offered. But we never move walls or make structural changes. Generally, our pricing starts below $100,000 and can go into the $180,000 range if the buyer loads up on options. “The art of what we do is in the options and upgrades to finishes and materials that we offer. We allow buyers to add their own touch of class to a home,” LeBoeuf says. 13 2 02.01.0 1.15.099 HOUSING GIANTS www.HousingGiants.com Windows Siding Stone Veneer Fence+Rail Designer Accents plygem.com http://www.mastic.com http://www.plygem.com http://www.plygem.com http://www.housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - February 1, 2009 Housing Giants - February 1, 2009 Contents Viewpoint News & Moves Process Feature Housing Giants - February 1, 2009 Housing Giants - February 1, 2009 - Housing Giants - February 1, 2009 (Page Cover1) Housing Giants - February 1, 2009 - Contents (Page 2) Housing Giants - February 1, 2009 - Viewpoint (Page 3) Housing Giants - February 1, 2009 - News & Moves (Page 4) Housing Giants - February 1, 2009 - News & Moves (Page 5) Housing Giants - February 1, 2009 - Process (Page 6) Housing Giants - February 1, 2009 - Feature (Page 7) Housing Giants - February 1, 2009 - Feature (Page 8) Housing Giants - February 1, 2009 - Feature (Page 9) Housing Giants - February 1, 2009 - Feature (Page 10) Housing Giants - February 1, 2009 - Feature (Page 11) Housing Giants - February 1, 2009 - Feature (Page 12) Housing Giants - February 1, 2009 - Feature (Page 13) Housing Giants - February 1, 2009 - Feature (Page 14)
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