LAKEWOOD RANCH -- Privately held Neal Communities closed out 2013 with 826 new home sales -- a more than 35 percent increase from 2012 -- across 16 communities from Manatee to Lee Counties.
"With homes ranging from $150,000 to over $2 million, our largest numbers came from the $250-$350,000 price range," said Pat Neal, President and CEO of the Lakewood Ranch-based, home building company.
About 44 percent of Neal's new home sales were feature or inventory homes, which are already started when they are purchased. Neal opened 10 new communities in 2013, and launched a South Florida Division based in Bonita Springs, with communities in Lee and Collier Counties. The new division had higher than expected sales and plans to grow in 2014 with nearly a dozen new neighborhoods planned. Neal Communities closed on its 9,000th home in the spring of 2013. The builder expects to celebrate its 10,000th in 2014.
One of the fastest growing, privately-held home builders in the state, Neal began its massive growth as the market headed into recession in 2008. Neal Communities is vertically integrated controlling many aspects of the building process, with staff handling land acquisition, development, and building. PureStyle is Neal's design company, headed by Charlene Neal and Waterscapes Pools & Spas is its pool company. The builder has joint ventures with a title and an insurance company, and owns a home owner's association management company.