Edc Homes

What Edc Homes does

EDC Homes (legal name Equity Development Corporation) is a Hampton Roads, Virginia-based residential homebuilder founded in 1996. The company constructs new single-family homes, townhomes, and condominiums across five cities in the Hampton Roads region — Virginia Beach, Chesapeake, Norfolk, Hampton, and Portsmouth — and reports a production capacity of over 100 homes per year. Its core product is newly built for-sale residential housing at price points ranging from the mid-$200,000s to over $800,000, delivered through a portfolio of standardized floor plan models (Park, Pamela, Manchester, Harbor, Compass, Waypoint, Lighthouse) and named communities including The Mainsail, The Sanctuary, The Tern at East Beach, Bayshore Dunes, Captain's Landing, and Trilogy at Olde Hampton.

The company's construction technology is conventional residential building with quality materials (granite countertops, stainless steel appliances, CertainTeed roofing, low-e windows, engineered wood and luxury vinyl plank flooring) and processes including pre-inspection of every home prior to sale, weekly quality-control inspections, and a dedicated warranty department partnered with Quality Builders Warranty (QBW) for 10-year structural coverage. EDC also offers complementary services: a Design & Build custom home program with buyer selection meetings, a "We Buy Houses" cash acquisition program, financing support via featured lender Atlantic Bay Mortgage Group (99.7% on-contract-date closing rate), and a Buyer Referral Program. Product surface is increasingly diversified — Trilogy at Olde Hampton extends into 284 luxury apartments and 55+ active adult units, signaling movement beyond for-sale single-family into multifamily and senior housing.

EDC Homes is a privately held, locally owned company headquartered in Virginia Beach (1439 N Great Neck Road, Suite 201) with 11–50 employees and a leadership team led by President and CEO Nick Jacovides. Revenue is generated primarily through one-time home sales plus ancillary services, distributed through direct sales at model homes, the company website, and a realtor-friendly agent network. There is no disclosed parent company, institutional investor, or public listing. The company is a member of the National Association of Home Builders (NAHB) and the Coastal Virginia Building Industry Association (CVBIA), and has received regional recognition including Coastal Virginia Magazine "Best of" awards in 2018 and 2020 and a #9 ranking on Builder Magazine's 2013 Top Ten Local Leaders List.

Name

Edc Homes

Legal name

Equity Development Corporation

Website

https://edchomes.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

EDC Homes is a Hampton Roads, Virginia-based homebuilder founded in 1996, constructing over 100 single-family homes, townhomes, and condominiums annually across Virginia Beach, Norfolk, Hampton, Chesapeake, and Portsmouth at price points from the mid-$200,000s to over $800,000.

Ownership category

akta.pro rank

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Home Sales: EDC Homes generates revenue primarily from selling newly constructed homes to homebuyers in Hampton Roads, Virginia. Homes are offered at various price points from mid-$300,000s to over $800,000s.
2. We Buy Houses: The company also purchases homes and land directly from sellers for cash, eliminating agent commissions and fees. This provides an alternative revenue stream through property acquisition and resale.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

EDC Homes builds and sells new single-family homes, townhomes, and condominiums in the Hampton Roads region of Virginia (Virginia Beach, Chesapeake, Norfolk, Hampton, Portsmouth), with prices ranging from the mid-$300,000s to over $800,000. The company offers a Design & Build customization service, a We Buy Homes cash purchase program for existing properties, and a 10-year structural warranty through Quality Builders Warranty, distributing homes directly via model homes, its website, and a broker-friendly real estate agent network.

Product overview

EDC Homes is a Hampton Roads, Virginia-based home builder offering new single-family homes, townhomes, and condominiums across multiple communities in Norfolk, Hampton, Virginia Beach, Chesapeake, and Portsmouth. The company operates as a vertically integrated home builder offering four distinct floor plan models (Park Model, Pamela Model, Manchester Model, and Harbor Model), community developments (The Mainsail, The Sanctuary, Trilogy at Olde Hampton, The Tern at East Beach), custom Design & Build services, and complementary services including financing (via Atlantic Bay Mortgage Group), home warranties (via Quality Builders Warranty and 2-10 Home Buyers Warranty), and a We Buy Homes cash purchase program. The core product is new home construction with homes priced from the mid-$200,000s to over $800,000s, featuring standard amenities including granite countertops, stainless steel appliances, luxury vinyl plank flooring, and smart home pre-wiring. The company was founded in 1996 and builds over 100 homes per year.

Differentiator

Problem solved

Functional benefit

Products and services

• New Home Construction
• Design & Build
• We Buy Homes
• Park Model
• Pamela Model
• Manchester Model
• Harbor Model
• The Sanctuary
• The Mainsail
• Trilogy at Olde Hampton
• Financing Services
• Home Warranty Program

Quantifiable outcome

• Over 100 homes built per year since 1996
• +2 more outcomes

Named customers4 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

Partnerships

Eight partnerships are on record, tiered core and minor.

• Quality Builders Warranty (QBW)coreTechnology or IntegrationNation's leading provider of 10-year home builder warranties. EDC Homes provides QBW warranty to all new home buyers. QBW is backed by Liberty Mutual and provides post-closing warranty services.
• Builders FirstSourceminorOthersBuilding materials supplier providing lumber, framing, and construction materials for EDC home construction.
• CertainTeedminorOthersManufacturer of roofing shingles and siding products used in EDC Homes construction. Products include architectural shingles with manufacturer's lifetime warranty.
• 84 LumberminorOthersBuilding materials supplier providing construction materials for EDC home building projects.
• Ferguson EnterprisesminorOthersAppliance and fixtures supplier providing products used in EDC model homes and sold to homebuyers.
• National Association of Home Builders (NAHB)minorOthersIndustry trade association membership providing resources, standards, and industry connections for EDC Homes.
• Coastal Virginia Building Industry Association (CVBIA)minorOthersLocal trade association for the building industry in Hampton Roads. EDC Homes maintains membership and participates in industry events.
• St. Jude Children's Research HospitalminorOthersCharitable partner for the St. Jude Dream Home Giveaway program. EDC Homes built homes for raffle to raise funds for childhood cancer research in 2020 and 2021.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LGI Homes: LGI Homes is a publicly-traded production homebuilder that targets entry-level and first-time move-up buyers with a similar spec-home, upgrade-included model. Closely comparable to EDC on customer segment, product strategy, and pricing band.
• Beazer Homes: Beazer Homes is a publicly-traded homebuilder with Southeast and Mid-Atlantic operations building entry-level through move-up single-family homes. Comparable product, customer, and pricing band.
• M/I Homes: M/I Homes is a publicly-traded production builder operating across the Mid-Atlantic, Southeast, and Midwest with a similar move-up buyer focus. Comparable on design center customization, energy-efficiency features, and warranty programs.
• Ryan Homes (NVR): Ryan Homes is the consumer brand of NVR Inc., a top-five US homebuilder with a strong Mid-Atlantic and Southeast regional presence. Comparable to EDC on single-family for-sale construction, design studios, and customer warranty programs.

Broad incumbents

• Shea Homes: Shea Homes is a privately-held national builder active in the Mid-Atlantic with master-planned communities, active-adult (55+) product lines, and design-center customization. Comparable to EDC's Trilogy at Olde Hampton mixed-use community model.
• D.R. Horton: D.R. Horton is the largest US homebuilder by volume, with deep Hampton Roads operations including the D.R. Horton Express and Emerald brands. Comparable product line but at vastly greater scale and geographic breadth.
• Lennar: Lennar is a top-three US homebuilder with active Virginia Beach and Chesapeake communities. Overlaps with EDC's Hampton Roads customer base and product specifications but operates nationally with much greater land inventory.

Regional players

• HHHunt Homes: HHHunt Homes is a Mid-Atlantic and Carolinas regional builder operating in Virginia, North Carolina, and surrounding states. Most directly comparable regional peer with overlapping geographic footprint, product type, and price band.
• Eagle Construction of VA: Eagle Construction is a Virginia-based homebuilder with projects across Richmond and Hampton Roads. Comparable as a regional for-sale builder with custom-design options and similar product positioning.
• Atlantic Builders: Atlantic Builders is a Virginia-based homebuilder with a portfolio of single-family homes and townhomes in the Hampton Roads and Central Virginia regions. Direct competitor in similar price bands and product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EDC_Homes
• LinkedInlinkedin.com/company/edc-homes-1

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Edc Homes