Gemcraft Homes buys building firm on Eastern Shore

Real Estate Watch

April 08, 2001

Gemcraft Homes, the fifth-largest homebuilder in the Baltimore metropolitan area, announced last week that it had acquired Caroline County-based RWL Builders LLC in a move that will expand Gemcraft's reach on the Eastern Shore.

Gemcraft, based in Harford County, paid an undisclosed amount for the firm, which is based in Ridgely. RWL Builders constructs about 40 modular homes per year in Kent, Talbot, Dorchester, Queen Anne's and Caroline counties.

Bill Luther, president of Gemcraft, said the company will retain all of RWL's staff and continue to use its local subcontractors and suppliers. He said Gemcraft is seeking to expand on the Eastern Shore, where it had "essentially no presence."

According to the Meyers Group, a Washington-based company that tracks and analyzes new-home sales, Gemcraft completed 289 homes last year, 3.7 percent of the Baltimore new-home market share. Gemcraft sold more than 400 in Maryland last year.

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