Eastwood Homes

What Eastwood Homes does

Eastwood Homes is a privately-held, family-owned regional homebuilder founded in 1977 in Gastonia, North Carolina and headquartered in Charlotte. The company constructs and sells new single-family homes, townhomes, and 55+ active-adult residences across 11 divisions spanning North Carolina, South Carolina, Virginia, and Georgia, operating more than 100 active communities. Its product portfolio includes a library of 40+ named floor plans (Caldwell, Cypress, Avery, Charleston, Drexel, Roanoke) with over 200 personalization options selected through dedicated Design Studios in Charlotte, Richmond, and Greensboro, and a Build On Your Lot program available in select NC and SC counties.

The company distributes through a direct-to-consumer model anchored by divisional model home sales centers and complemented by a realtor co-broke program offering up to 80% commission split in some divisions. Construction-process communication is supported by the NoviHome customer app, and every homeowner receives a 10-year fully transferable structural warranty administered through Maverick Warranty. Pricing spans roughly $243K for entry-level plans to $335K+ for premium single-family homes, with active-adult communities priced from the high $400s and Charlotte-area townhomes ranging from the high $200s to $400s.

Eastwood pursues growth through a culture-first regional roll-up strategy rather than external funding, having acquired Fortress Homes (Columbia, SC, 2018), Napolitano Homes (Hampton Roads, VA, March 2025), and Peachtree Building Group (Atlanta, May 2026). Since founding it has delivered 22,000+ homes, was ranked #44 among US homebuilders by Builder Magazine with 999 closings in 2015, and has earned multiple regional Builder of the Year awards, most recently in Charlotte in 2023. The owners, Joe and Clark Stewart, retain direct oversight of operations, and Vincene Napolitano continues to lead the Hampton Roads division post-acquisition.

Name

Eastwood Homes

Legal name

Eastwood Homes

Website

https://eastwoodhomes.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

251–500 employees

Short description

Eastwood Homes is a privately-held, family-owned Southeast regional homebuilder founded in 1977, operating 11 divisions across NC, SC, VA, and GA with 100+ communities delivering single-family homes, townhomes, and 55+ active-adult residences to individual homebuyers.

Ownership category

akta.pro rank

Product category

Residential Homebuilding

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611)

SIC

Operative Builders (1531), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Single-Family Home Construction (Detached Homes) (IMAFABAA)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• New home construction
• Single-family homes
• Townhome builder
• Active adult communities
• Build on your lot

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. New Home Construction and Sales: Primary revenue from constructing and selling new single-family homes and townhomes through company-owned communities across NC, SC, VA, and GA. Sales from move-in-ready/spec homes and build-to-order homes with customization options.
2. Build On Your Lot: Revenue from land + home packages where customers purchase/own their lot and Eastwood builds the home. Includes design studio customization add-ons.
3. Design Studio Customization: Revenue from customization options selected through design studio visits including finishes, fixtures, structural modifications, and upgrades beyond base home price.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Eastwood Homes is a regional homebuilder that designs, constructs, and sells new single-family homes, townhomes, and 55+ active-adult residences through communities across North Carolina, South Carolina, Virginia, and Georgia. It also offers a Build On Your Lot program for buyers who own their own land, and operates an in-house Design Studio for buyer personalization.

Product overview

Eastwood Homes is a Southeast regional homebuilder offering new construction single-family homes and townhomes through multiple divisions across North Carolina, South Carolina, Virginia, and Georgia. The core offerings include move-in ready homes and the Build On Your Lot program allowing buyers to build on their own land. The product portfolio features named floor plans (Caldwell, Cypress, Avery, Charleston, Drexel) with extensive personalization options through the Design Studio. Specialty offerings include Active Adult/55+ communities like Founders Landing, with construction process communication enhanced through the NoviHome app. All homeowners receive a 10-year limited structural warranty through Maverick Warranty.

Differentiator

Problem solved

Functional benefit

Products and services

• New Construction Single-Family Homes

Quantifiable outcome

• 999 closings in 2015, ranking #44 nationally
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Five partnerships are on record, tiered core, major and minor.

• NoviHomecoreTechnology or IntegrationNoviHome is a platform providing Eastwood customers with a personal app for construction progress updates through photo uploads and chat. Differentiates customer communication during build process from competition. Realtors can also track progress to keep their buyer clients informed.
• Maverick WarrantycoreStrategic or Co-development PartnerMaverick Warranty facilitates the 10-year limited structural warranty provided to all Eastwood homeowners. Warranty is fully transferable to new owners for remainder of term. Maverick has provided nationwide coverage since 1989.
• Real Estate Agents (Co-broke Partners)majorChannel Partner/ Reseller/ DistributorUp to 80% co-broke rate offered to realtors who refer buyers in some divisions. Realtor newsletter program and tools to keep agents and their clients informed through NoviHome platform.
• Atrium Health Levine Children's HospitalminorOthersCharitable partnership through annual Eastwood Classic golf tournament. Raised $195,000 in 2025, $170,000 in 2023, $105,000 in 2019, and cumulative amounts in other years for pediatric healthcare.
• Samaritan's PurseminorOthersHumanitarian relief organization. Eastwood raised $20,000 in under 24 hours plus $10,000 company match ($30,000 total) for Hurricane Helene relief efforts.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• D.R. Horton: Largest U.S. homebuilder with extensive Southeast operations across NC, SC, VA, and GA. Directly comparable for-sale single-family and townhome product at similar price points, but with materially greater scale and national reach.
• Lennar Corporation: Second-largest U.S. homebuilder with deep Southeast presence including the Carolinas, Virginia, and Atlanta. Competes in same for-sale single-family segment with similar move-in ready and build-to-order offerings.
• PulteGroup: National homebuilder with Centex, Pulte, Del Webb, and John Wieland brands active across the Southeast. Del Webb brand directly overlaps with Eastwood's 55+ active adult communities like Founders Landing.
• NVR, Inc. (Ryan Homes): Top-five U.S. homebuilder with significant presence in NC, VA, SC, and GA. Ryan Homes brand targets the same entry-level to mid-range buyer segments and uses a similar build-to-order model with regional divisions.
• Toll Brothers: National luxury homebuilder with growing Southeast presence including the Carolinas and Virginia. Competes in upper price points where Eastwood's premium Charleston plan ($335K) sits, though typically at higher ASPs.

Direct peers

• M/I Homes: Mid-size public homebuilder operating in the Carolinas, Virginia, and other Southeast markets. Closely comparable in scale (sub-2,000 closings) and product mix including single-family, townhomes, and Build On Your Lot programs.
• Beazer Homes: Public homebuilder active across the Southeast including the Carolinas, Virginia, and Georgia. Similar entry-level to move-up product positioning and comparable closings volume make this a direct regional peer.
• Tri Pointe Homes: Mid-size homebuilder with Southeast exposure including the Carolinas, Virginia, and Georgia. Comparable scale and product offering, particularly in move-up buyer segments.
• Meritage Homes: Public homebuilder with strong Southeast and Sun Belt footprint including the Carolinas, Georgia, and Virginia. Emphasizes energy-efficient homes similar to Eastwood's smart-home features.
• Century Communities: Top-10 public homebuilder with significant Southeast presence including the Carolinas and Georgia. Competes directly in entry-level and first-time buyer segments where Eastwood's Caldwell and Avery plans are positioned.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/eastwoodhomes
• LinkedInlinkedin.com/company/eastwood-homes

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastwood Homes