
If you can keep your head when all about you are losing theirs…” —Rudyard Kipling
David Weekley Homes has always been financially conservative. We don’t follow the crowd. We don’t take unnecessary risks. And we never lose sight of who we are. Thirty years of booms and busts have taught us that if you stick to what you know, you’ll not only survive tough times, you’ll emerge from them even stronger.
As a privately-held company, David Weekley Homes is not burdened by irrational pressure to deliver short-term profits at any cost. During the depths of the 1980’s recession when many Home Builders were folding, we sustained some short-term losses but kept our eye on the horizon and persevered. Within a few short years David Weekley Homes emerged stronger and with even greater market share. We’re confident our strong liquidity will see us through this downturn as well.
During the heady days of the real estate bubble, many Home Builders gambled by increasing their landholdings to dangerously unhealthy levels. We did not. Why? Because we have always remembered that we are a Home Builder—not a land speculator. So, as land values have declined, we have not been affected to the degree that other builders have.
We’ve built sizable equity and earned vast untapped credit resources. Our conservative values have led to a significant equity build-up—during a time when more aggressive builders have found themselves over-leveraged and under-capitalized. As a result, during the current credit crunch when others are having difficulty getting loans, we’ve tapped less than half of our sizeable credit lines.
Yes, the real estate market is beginning to turn around. And thanks to minimal land exposure, sizable equity, vast credit resources and conservative business practices, I’m happy to say that David Weekley Homes is here to welcome this bright new future and offer you a home with unmatched quality and the latest in energy efficient features.