TOUSA, Inc.
4000 Hollywood Blvd., Ste. 500 N
Hollywood, FL, United States
“In Their Own Words”
Technical Olympic USA, Inc. (TOUSA) (NYSE: TOA) is a leading homebuilder and financial services company operating throughout four geographic regions: Florida, Mid-Atlantic, Texas, and the West. We are a national homebuilder with local ambitions, connecting a family of powerful local brands to a network of world-class resources.
TOUSA designs, builds, and markets high-quality detached single-family residences, town homes, and condominiums. We offer homes to "first-time" homebuyers, "move-up" homebuyers, transplants to a new city, buyers of vacation and second homes, and "empty nesters" looking for an active community lifestyle. We market our homes under leading local brand names including Engle Homes, Newmark Homes, Fedrick, Harris Estate Homes, and Trophy Homes.
In addition, TOUSA offers a variety of financial services such as mortgage financing, title insurance, homeowner's insurance, and closing services, to both TOUSA homebuyers and other real estate buyers. We market our financial services under brand names including Universal Land Title, Preferred Home Mortgage, and Alliance Insurance and Information Services.
Company Information from Hoover's
TOUSA wants to build your HOUSE-A. Formerly Technical Olympic USA, the company designs, builds, and sells homes in Florida, Texas, the mid-Atlantic, and the West. Its construction arm TOUSA Homes builds and markets houses under brand names including Engle Homes, Newmark Homes, and Fedrick, Harris Estate Homes. TOUSA sells around 7,800 homes a year at an average price of $312,000. It spans the market by selling to first-time, relocating and vacation buyers, empty-nesters, and active-adult home buyers. Subsidiaries Preferred Home Mortgage and Universal Land Title provide financing. Hit hard by the housing bust and faced with mounting losses, the company filed for Chapter 11 reorganization in early 2008.
Key Numbers
| Company type |
Public |
| Fiscal Year-End |
December |
| 2006 Sales (mil.) |
$2,637.3 |
| 1-year Sales Growth |
5.1% |
| 2006 new Income (mil.) |
($201.2) |
| 1-year Net Income Growth |
|
| 2006 Employees |
2,420 |
| 1-Year Employee Growth |
(18.4%) |
Key People
| Chairman |
Konstantinos A. Stengos |
| Vice Chairman, President, and CEO |
Antonio B. (Tony) Mon |
| EVP and CFO |
Tommy L. McAden |
Key Competitors
More information at Hoovers.com
Profile information about TOUSA, Inc. ©2007
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