Atlanta Division President Adam Cornett with David Weekley Homes joins the Atlanta Real Estate Forum Radio podcast to discuss the home builder’s unique business approach, affordable housing and more. Cornett joins hosts Carol Morgan and Todd Schnick for the All About Real Estate segment.
Part of the David Weekley Homes team since 2014 and a previous division president for the Dallas market, Cornett is a recent addition to the Atlanta team. David Weekley Homes is the largest privately-held home builder in the country and Cornett relayed the pride he holds in being a part of a team that focuses on customers and team members first and foremost. The privately-held builder operates in 19 markets across the country and provides a variety of products from smaller entry-level homes and townhomes to $2 million homes.
Cornett said, “We’re not just a homebuilding company that’s only intention is to build homes.”
David Weekley Homes has a unique ownership structure that creates room to care for its team members and participate in the local community. Forty-five years after Founder David Weekley constructed the company, the builder and its philanthropic efforts continue to thrive.
The structure of David Weekley homes is incredibly unique among home builders. Shares and profits are split into thirds with three owners — the Weekley family, The David Weekley Foundation (a 501(c)(3) nonprofit) and the employees. The company structure ensures a portion of profits and future prosperity returns to the community. And because team members have a vested interest in the company, they grow hand in hand with the company.
Nearly 311,000 people nationwide received a hearty Thanksgiving meal, thanks to the partnership of David Weekley Homes and 17 charities across the U.S. Throughout November, the company hosted its seventh annual companywide Thanksgiving Drive, collecting approximately 93,000 pounds of food and more than $110,000 for 17 local nonprofit organizations around the country with help from homeowners, real estate agents, vendors, trade partners and team members.
The annual drive is an initiative of the company’s CARE program, which allows the extended David Weekley Homes family to live out its purpose of Building Dreams, Enhancing Lives. Over the past 20 years, more than $250 million has been donated to worthy causes around the world through company earnings and The David Weekley Family Foundation. In addition, team members have volunteered countless hours with various organizations across the country.
Whether it’s products and designs or the buyers themselves, Cornett shared that the industry is constantly on the move.
“There is always something changing in the industry,” said Cornett. “If somebody is working in homebuilding and they’re getting bored, they’re simply not paying attention.”
Modern farmhouses are a popular emerging trend, reflecting a simple style of architecture not commonly seen in the industry for the past 20 years. Other emerging trends, including increasing land and labor prices, make offering homes at price points that meet all society income levels challenging. To combat this, there are many product trends attempting to bridge the gap and create more affordable housing options.
Tune in to the full interview above for more information on David Weekley Homes. To explore homeownership opportunities and learn more about the home builder, visit www.DavidWeekleyHomes.com.
Georgia Residential Mortgage Licensee, License #22564. NMLS ID #6606. Subject to borrower and property qualifications. Not all applicants will qualify. David Weekley Homes and New American Funding are not associated. Click here to view the terms and conditions of products mentioned during the show. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone: (800) 450-2010. (December/2021)
New American Funding is a family-owned mortgage lender with a servicing portfolio of over 123,000 loans for $30.4 billion, 198 branches, and about 3,100 employees. The company offers several niche loan products and has made Inc. 5000’s list of Fastest-Growing Companies in America six times. It has a state-of-the-art career training facility and develops innovative technology, including the GoGo LO mobile application. For more information, visit www.branch.newamericanfunding.com/Atlanta.
The Atlanta Real Estate Forum Radio “All About Real Estate” segment, presented by Denim Marketing, highlights the movers and shakers in the Atlanta real estate industry – the home builders, developers, Realtors and suppliers working to provide the American dream for Atlantans. For more information on how you can be featured as a guest, contact Denim Marketing at 770-383-3360 or fill out the Atlanta Real Estate Forum contact form. Subscribe to the Atlanta Real Estate Forum Radio podcast on iTunes, and if you like this week’s show, be sure to rate it.