flexiblefullpage - default
Currently Reading

Smith Douglas Homes Enters Houston, TX Market

billboard - default
Regional Builders

Smith Douglas Homes Enters Houston, TX Market

With the acquisition of local builder Devon Street Homes, Smith Douglas Homes is expanding to the Houston market to serve more Texas communities in need of increased housing development

August 2, 2023
Aerial view of Houston, TX
Image: Kevin Ruck / Image: Stock.adobe.com

Smith Douglas Homes announced on Monday that it has acquired the assets of Houston, TX based Devon Street Homes, a top 30 builder in its local market and ranked the 150th largest builder in the country by Builder magazine. In 2022, Devon Street closed 324 homes across 15 communities with revenues exceeding $100 million. It currently controls nearly 1,500 lots in the greater Houston area, and its partnership with Smith Douglas Homes aims to serve even more Houston families with new housing development in the second largest new home market in the United States, Smith Douglas said in a recent press release

“Devon Street Homes offers an ideal strategic and cultural fit within our existing platform, and we’re thrilled that Stephen was looking to partner with another builder at a time when we were looking to expand,” added Greg Bennett, President and CEO of Smith Douglas Homes. “This acquisition provides us with a great foundation from which we’ll look opportunistically at other Texas markets.” New communities will be introduced under the Smith Douglas Homes brand while existing Devon Street Homes communities will be rebranded over time.

Read more

leaderboard2 - default

Related Stories

Housing Markets

These Are the 10 Most Popular US Cities for Out-of-State Buyers

Americans are relocating to these metro areas for more favorable regional amenities and more affordable housing

Housing Giants

2023 Housing Giants Report and Rankings

Pro Builder's annual Housing Giants report ranks the top U.S. home builders by revenue, closings, and type and location of homes built and this year investigates off-site construction's potential to help home builders resist the headwinds of escalating costs and lack of affordability 

Housing Giants

2023 Housing Giants—East South Central Region

In the East South Central region, which includes Alabama, Kentucky, Mississippi, and Tennessee, D.R. Horton, Clayton Properties Group, and Lennar…

boombox1 -
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.