Small Builders Dominate Little Rock's Market

by Gwen Moritz  on Monday, Jan. 15, 2007 12:00 am  

The 23 homes built by G&S averaged $110,383. Most of its houses were in the Greenwood Acres subdivision that Bill Greenwood and his sons developed near the intersection of Stagecoach Road and Herndon Road in southwest Little Rock.

G&S used to build much more expensive houses, Greenwood said last week, but at the request of city officials he began building smaller spec houses for first-time buyers. It has been “very rewarding to me to give people a house that never dreamed they’d have a house,” he said.

Seventeen of the 27 residential contractors on the list, including five that tied for No. 23 with six permits each, pulled permits averaging less than $200,000. The highest average value among the prolific builders was $571,429 by Kevin Hannah Construction. Four of Hannah’s seven permits also show up on this week’s list of the largest building permits issued in Little Rock last year, meaning they were valued at $600,000 or more.

 

 

 

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