Applewood Construction

What Applewood Construction does

Applewood Construction is a privately-held, founder-led residential and commercial construction company founded in 1992 by Walter Eriksen and headquartered in Chelmsford, Massachusetts. The company operates across three service lines — residential new construction (subdivision and custom homes), residential renovations and additions, and commercial property development — serving individual home buyers, property owners, and commercial clients primarily across Massachusetts and southern New Hampshire. Its core markets are concentrated in Middlesex and Essex counties, with completed and active projects in Chelmsford, Westford, Newbury, Harvard, and Bolton.

The company's core product is single-family residential housing delivered through speculative subdivision development and custom builds, with an emerging product-line emphasis on all-electric, solar-ready, energy-efficient home design. Notable projects include Maple Ridge (124 homes, the largest in the company's portfolio), Sugar Maple Lane (28 units), Parker Street/Wisteria Lane (10 homes), DiDonato Drive in Westford, MA (6 homes, sold out 2024), and the active Village at Cricket Lane in Newbury, MA — a 24-home all-electric, solar-equipped subdivision priced $1,068,000 to $1,300,000 per unit. The business monetizes primarily through home-sale revenue at per-unit pricing in the low-to-mid seven-figure range, supplemented by renovation contract revenue and select commercial development fees.

Applewood operates as a traditional, founder-led general contractor and developer with no disclosed external equity funding and no evidence of an institutionalized technology platform. Geographic exposure is concentrated within a defined radius of its Chelmsford base, and forward growth depends on land-pipeline replenishment, municipal permitting velocity, and absorption pace in its target submarkets.

Name

Applewood Construction

Legal name

Applewood Construction Corporation

Website

https://applewoodconstruction.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

Applewood Construction is a privately-held, founder-led residential and commercial builder founded in 1992 and headquartered in Chelmsford, MA, serving individual home buyers across Massachusetts and southern New Hampshire through subdivisions, custom homes, renovations, and select commercial projects.

Ownership category

akta.pro rank

Product category

Residential Construction Services

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (23721), Residential Remodelers (236118), Residential Building Construction (2361)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

akta.pro secondary industries

Single-Family Home Construction (Detached Homes) (IMAFABAA), Residential Green / High-Performance Home Construction (Net-Zero, Passive House) (IMAFABAH), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Residential construction
• Custom home building
• Home renovations
• Energy efficient homes
• Commercial construction

Headquarters

HQ city

Lake Lotawana, Missouri

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential New Construction Sales: One-time sale of newly constructed residential homes including custom build homes, subdivisions, and single-family homes. Revenue generated from the sale of completed or pre-construction homes to individual buyers.
2. Residential Renovation Services: Home renovation services including additions and whole-home renovations down to the frame.
3. Commercial Property Development: Commercial space for lease and development, including industrial construction and additions.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Applewood Construction Corporation designs, builds, and sells new single-family homes and residential subdivisions, with a current 24-home development (Village at Cricket Lane) in Newbury, MA. The company also delivers residential renovation services (additions and whole-home renovations down to the frame) and commercial/industrial construction and lease space. Homes feature semi-custom options, 2x6 framing, high-efficiency HVAC, and all-electric, solar-integrated designs.

Product overview

Applewood Construction Corporation is a residential and commercial construction company operating throughout Massachusetts and New Hampshire since 1992. The company offers three core service lines: Residential New Construction (custom homes and subdivisions), Residential Renovations (additions and whole-home renovations), and Commercial Properties (space for lease and development). Within their new construction portfolio, they market specific named home models—The Alder, The Birch, The Chestnut, and The Dogwood—available in their Village at Cricket Lane development in Newbury, MA. The company is known for energy-efficient, all-electric home construction with solar panels.

Differentiator

Problem solved

Functional benefit

Products and services

• The Alder Semi-custom single-family home model with 2,298 sq. ft., 3 bedrooms, and 2.5 bathrooms, priced at $1,068,000, available in the Village at Cricket Lane development in Newbury, MA, with options to complete attic and basement.
• The Birch Semi-custom single-family home model with 2,708 sq. ft. and 4 bedrooms, priced at $1,300,000, available in the Village at Cricket Lane development in Newbury, MA, with options to complete attic and basement.
• The Chestnut Semi-custom single-family home model with 2,368 sq. ft. and 3 bedrooms, priced at $1,100,000, available in the Village at Cricket Lane development in Newbury, MA, with options to complete attic and basement.
• The Dogwood Semi-custom single-family home model with 2,332 sq. ft. and 3 bedrooms, priced at $1,125,000, available in the Village at Cricket Lane development in Newbury, MA, with options to complete the basement.
• Village at Cricket Lane A 24-home single-family subdivision development in Newbury, MA featuring energy-efficient, all-electric homes with rooftop solar panels, offered as a condo community with association amenities such as snow removal, landscaping, irrigation, and trash removal.
• Residential New Construction Custom build homes and new residential subdivisions throughout Massachusetts and New Hampshire, including semi-custom single-family homes in planned communities.
• Residential Renovations Residential renovation services including additions and entire-home renovations down to the frame, delivered with personal service and builder-selected vendor support.
• Commercial Properties Commercial space for lease and development, including commercial and industrial construction and additions for businesses.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves5 records

Expansion highlights2 records

Regional players

• The Green Company: Massachusetts-based residential homebuilder developing new-construction communities in MA. Direct overlap with Applewood's subdivision-based, energy-conscious single-family model.
• NEI General Contracting: Massachusetts-based general contractor working on residential, commercial, and affordable housing projects. Comparable regional presence and overlap in residential development in MA.
• Tocci Building Corp. Massachusetts construction manager and builder with residential and commercial projects across the Greater Boston region. Comparable regional footprint and multi-line construction services.

Direct peers

• Toll Brothers: National luxury single-family homebuilder operating in luxury segments comparable to Applewood's $1M+ price points. Both focus on single-family detached construction with semi-custom buyer choices and energy-efficient features.

Broad incumbents

• Tri Pointe Homes: Regional homebuilder with multiple branded divisions serving move-up and luxury buyers in select U.S. markets, including parts of the Northeast. Comparable focus on quality construction and energy efficiency.
• M/I Homes: Public homebuilder with operations across the Midwest, Mid-Atlantic, and Southeast. Comparable single-family product and energy-efficiency focus in similar suburban markets.
• PulteGroup: National homebuilder with multiple brands spanning entry-level to move-up buyers. Operates in Northeast markets and competes with regional builders for both lot supply and end buyers.
• D.R. Horton: Largest U.S. homebuilder with a wide geographic footprint and broad product mix. Increasingly active in the Northeast suburbs, competing with regional builders like Applewood for lot supply and buyer demand.
• Lennar Corporation: Major national homebuilder with active subdivisions across the U.S., including expansion into Massachusetts. Competes with Applewood in the new-construction single-family segment.
• David Weekley Homes: Large privately-held U.S. homebuilder with regional divisions across multiple states. Comparable model of semi-custom homes in master-planned settings with quality differentiation.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/applewood-construction

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Applewood Construction