Orleans Homebuilders Revenue and Competitors

Orleans Homebuilders, Inc. (OHB) primarily develops residential communities in southeastern Pennsylvania, central and southern New Jersey and the metropolitan areas of Richmond, Virginia and Charlotte, Greensboro and Raleigh, North Carolina. The Company operates in Pennsylvania, New Jersey, North Carolina, South Carolina and Virginia. OHB operates as a land developer, primarily for its own use, and as a builder. The Company builds and sells condominiums, townhouses and single-family homes to first-time homebuyers, first- and second-time, move-up homebuyers and luxury homebuyers, as well as empty nesters and active adult homebuyers. During the fiscal year ended June 30, 2003 (fiscal 2003), OHB delivered 1,243 homes, as compared to 1,322 homes in the fiscal year ended June 30, 2002 (fiscal 2002). In July 2003, OHB acquired Masterpiece Homes, Inc., a homebuilder in the central Florida market.