Barratt American, the Carlsbad-headquartered residential builder, announced total corporate revenue of $131.2 million for the quarter ended Sept. 30, an all-time record for a fiscal quarter since the founding of the firm as a subsidiary of Barratt Developments PLC of Britain in 1980.
Barratt American in August, 2004 achieved independent status as a private, locally owned company with a management buyout from its publicly traded British parent. Previous record quarter for the firm tallied $108 million in revenue in April-June, 2004, just prior to the local managerial acquisition.
The announcement by Michael D. Pattinson, president, said the quarterly revenue record was based on closed sales of 220 homes in San Diego and Riverside counties in the three-month period.
“The excellent quarter past was further evidence that Barratt American is moving full steam ahead on its ambitious growth plan,” Pattinson said. “Independent status enables us to be more innovative in our thinking and nimble in our actions, while we largely continue our past form of operations, with the same fiscal disciplines and the focused goal orientation of our earlier subsidiary role.”
Barratt’s sales champ for the quarter was its eight-story Metrome condominium development in the East Village of downtown San Diego, where 104 closings were registered of its total 184 units. Metrome was honored at the local building community’s recent awards gala with the Grand SAM Award for Highest Achievement in Home Building for homes priced under $700,000.
“We have been gratified in our new private status with the great support, cooperation and enthusiasm received from all of our managers and employees, our subcontractors, our equity lenders and, indeed, our building-industry peers as well,” Pattinson said.
Barratt American has placed companywide emphasis on happy customers throughout its
25 years of activity in Southern California. But this year the firm was gratified to rank sixth in the nation in the Eliant Surveys for customer service. Eliant is the building industry’s leading provider of homebuyer satisfaction surveys, dealing with more than 200 of the nation’s top home builders and conducting more than 300,000 home-buyer surveys annually.
“We are continuing to stay at the leading edge in new residential technology, in design, in structural integrity, in home technology and in ‘green build’ environmental consciousness,” Pattinson noted. “And in all of our communities we build fresh, not taking plans from a basic product book but assigning different architects to design the best homes for this parcel of land, this surrounding community and this market segment.”
The company has earned literally hundreds of awards for excellence in all phases of home building during the 25 years past. But the previous 12 months have seen a bonanza of top citations won by Barratt, including San Diego County’s Grand SAM for Metrome, five additional SAM trophies, three Gold Awards and two Silver Awards from The Nationals of the National Association of Home Builders, and two top MAME Awards of the Southern California Building Industry Association. Ochoa, Inland Empire division president, was named Builder of the Year by the Riverside County Building Industry Association.
Barratt American over its quarter century of activity has provided homes for more than 18,000 families and individuals, from entry-level to multimillion-dollar estate homes.
Barratt American in August, 2004 achieved independent status as a private, locally owned company with a management buyout from its publicly traded British parent. Previous record quarter for the firm tallied $108 million in revenue in April-June, 2004, just prior to the local managerial acquisition.
The announcement by Michael D. Pattinson, president, said the quarterly revenue record was based on closed sales of 220 homes in San Diego and Riverside counties in the three-month period.
“The excellent quarter past was further evidence that Barratt American is moving full steam ahead on its ambitious growth plan,” Pattinson said. “Independent status enables us to be more innovative in our thinking and nimble in our actions, while we largely continue our past form of operations, with the same fiscal disciplines and the focused goal orientation of our earlier subsidiary role.”
Barratt’s sales champ for the quarter was its eight-story Metrome condominium development in the East Village of downtown San Diego, where 104 closings were registered of its total 184 units. Metrome was honored at the local building community’s recent awards gala with the Grand SAM Award for Highest Achievement in Home Building for homes priced under $700,000.
“We have been gratified in our new private status with the great support, cooperation and enthusiasm received from all of our managers and employees, our subcontractors, our equity lenders and, indeed, our building-industry peers as well,” Pattinson said.
Barratt American has placed companywide emphasis on happy customers throughout its
25 years of activity in Southern California. But this year the firm was gratified to rank sixth in the nation in the Eliant Surveys for customer service. Eliant is the building industry’s leading provider of homebuyer satisfaction surveys, dealing with more than 200 of the nation’s top home builders and conducting more than 300,000 home-buyer surveys annually.
“We are continuing to stay at the leading edge in new residential technology, in design, in structural integrity, in home technology and in ‘green build’ environmental consciousness,” Pattinson noted. “And in all of our communities we build fresh, not taking plans from a basic product book but assigning different architects to design the best homes for this parcel of land, this surrounding community and this market segment.”
The company has earned literally hundreds of awards for excellence in all phases of home building during the 25 years past. But the previous 12 months have seen a bonanza of top citations won by Barratt, including San Diego County’s Grand SAM for Metrome, five additional SAM trophies, three Gold Awards and two Silver Awards from The Nationals of the National Association of Home Builders, and two top MAME Awards of the Southern California Building Industry Association. Ochoa, Inland Empire division president, was named Builder of the Year by the Riverside County Building Industry Association.
Barratt American over its quarter century of activity has provided homes for more than 18,000 families and individuals, from entry-level to multimillion-dollar estate homes.