LOCAL HOME BUILDER MAINTAINS HIGH NATIONAL RANKING

Columbia, SC.  The Mungo Companies has maintained its ranking as the 35th largest builder in the country according to Builder magazine.  Mungo’s ranking is in the annual Builder 100 edition and, based on closings of new homes, ranks all public and privately held builders from across the country.

Builder magazine reports that success didn’t come easily in 2010.  “Builders redrew their house plans to match buyer demand for flexible and energy-efficient spaces.  And some now compete with short sales and foreclosures after painfully lowering costs, thanks to cooperation and concessions from subcontractors and suppliers.”

Principal Steven Mungo said, “I’m so proud of the continued hard work by our staff.  We’re making changes every day to make sure we’re in tune with the market and the needs of our buyers. And our stability is evidence that we deliver quality new homes at a great value and that we stand behind each and every new home that we build.”

Builder magazine releases the annual Builder 100 each May for the previous year.