Welcome Homes Expands to Georgia and North Carolina

Rhea-AI Summary

Welcome Homes, a tech startup specializing in semi-custom home building, is expanding its operations into Georgia and North Carolina. This move increases the total number of states it serves to nine, responding to growing demand in thriving markets. Homes start at $595K, with the company aiming to address the influx of new residents in these regions as noted by Forbes. The platform offers transparent pricing and customizable designs. The company, founded by the co-founding team of DigitalOcean (DOCN), recently secured $29M in a Series A funding round, highlighting its potential despite market challenges.

Positive

• Expansion into Georgia and North Carolina increases market presence to nine states.
• Addresses demand for semi-custom homes in growing markets.
• Home prices starting at $595K catering to new residents.
• Platform offers price transparency and customizable designs.
• $29M Series A funding enhances growth potential.

Negative

• None.

News Market Reaction

-1.07%

1 alert

-1.07% News Effect

On the day this news was published, DOCN declined 1.07%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Innovative PropTech Company Meets Demand for Semi-Custom Home Building in Thriving Markets, Continuing Aggressive Growth Trajectory

NEW YORK, April 13, 2023 /PRNewswire/ -- Welcome Homes, a tech startup that streamlines the homebuilding process, today announces its expansion into Georgia and North Carolina markets. The move marks the company's entrance into two of the up-and-coming regions in the country, bringing the total number of states it serves to nine.

Welcome Homes expands to Georgia and North Caroline to meet demand for semi-custom home building in thriving markets.

According to Forbes, North Carolina and Georgia are two of the top states people are moving to in 2023. With new home builds starting at $595K, Welcome Homes is planning to meet the demand for semi-custom home building in these growing markets.

"Our customers have been requesting our presence in these markets for months," said Alec Hartman, CEO and co-founder of Welcome Homes. "We are excited to be able to start selling and building amazing homes for our customers in Georgia and North Carolina"

Through Welcome Homes' platform, interested homebuyers will now be able to access plots of land ready to be built on in popular neighborhoods, such as Buckhead in Atlanta and Glenwood South in Raleigh. The platform simplifies the entire home building process, providing price transparency upfront, semi-customizable home designs to choose from, and premium white-glove service along the way.

Welcome is also exploring new opportunities to expand to additional markets across the US, with plans to launch in the Southern and Western regions in the next quarter.

Welcome Homes was founded by the DigitalOcean (NYSE: DOCN) co-founding team, and the company has hired other industry veterans from Zillow, Compass, Toll Brothers and Google. This expansion comes on the heels of a sizable $29M Series A raise, despite a difficult venture capital landscape.

To see what's available in Georgia and North Carolina, as well as other markets where Welcome Homes operates, please visit www.welcomehomes.com.

About Welcome Homes

Welcome Homes develops lifestyle-designed homes with guaranteed pricing through its in-house engineering and construction tech. The company enables customers to buy new homes with clarity and transparency in any community. It is currently available in New York, New Jersey, Connecticut, Maryland, Vermont, Massachusetts, Virginia, and Pennsylvania. Welcome Homes will soon be in areas around the U.S. For more information, visit www.welcomehomes.com.     

Media Contact:
press@welcomehomes.com

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SOURCE Welcome Building Corporation

FAQ

What recent expansion did Welcome Homes announce?

Welcome Homes announced its expansion into Georgia and North Carolina, increasing its footprint to nine states.

What is the starting price for homes from Welcome Homes in the new markets?

Homes from Welcome Homes in Georgia and North Carolina start at $595K.

How much funding did Welcome Homes recently secure?

Welcome Homes secured $29M in a Series A funding round.

Which company co-founding team started Welcome Homes?

Welcome Homes was founded by the co-founding team of DigitalOcean (DOCN).

What features does Welcome Homes offer to homebuyers?

Welcome Homes offers price transparency and customizable home designs through its platform.