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US Residential history
US Residential company history timeline
The company was founded by Robert H. Winnerman in his home state of New Jersey and was incorporated in New Jersey as Accurate Construction Co. on April 27, 1954.
In 1972 Rutenberg decided to purchase 3H Building Corp. of Chicago, which, unfortunately, proved a bad buy.
At the same time, there were other factors that contributed to this sudden decline from profits of $12.8 million in 1973.
In 1977, Rutenberg left the company, having brought in Ben Harrison to serve as president.
United States Home's revenues had topped the $1 billion mark for the first time in 1980.
He turned over his posts of chair and chief executive officer to George Matters, who had been president since 1980.
In 1983 sales peaked at $1.152 billion.
Matters proceeded to cut costs and reduced overhead by about $70 million in 1985.
The company continued to improve its cash flow in 1989, although profits and sales had declined even further to $1.24 million and $675.56 respectively, bringing it down to ninth place in the nation's industry.
Despite remaining under bankruptcy protection, United States Home managed to increase sales for 1992 to $689.9 million up from $485.3. It completed 5,015 homes, up 39 percent from the previous year, which was the most it had built since 1989.
The national housing slump and a shortage of credit prompted U.S Home to take an $82.2 million write-off in the fourth quarter of 1990.
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US Residential competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Western National Property Management | - | $11.0M | 1,061 | - |
| Ellis, Partners In Management Solutions (epms) | - | $6.3M | 73 | - |
| Hammond Residential Group | 2006 | $8.6M | 350 | - |
| Baron Properties | - | $4.6M | 50 | - |
| Sandalwood Management | 1985 | $24.1M | 200 | 24 |
| Asset Living | 1986 | - | 6,000 | 84 |
| Monument Real Estate Services | - | $9.5M | 375 | 26 |
| Miles Properties, Inc | - | $590,000 | 125 | - |
| Meb Management Services (morrison, Ekre & Bart Management Services) | - | $260.0M | 27,264 | - |
| Sares-Regis Group | 1993 | $137.9M | 375 | 109 |
Zippia gives an in-depth look into the details of US Residential, including salaries, political affiliations, employee data, and more, in order to inform job seekers about US Residential. The employee data is based on information from people who have self-reported their past or current employments at US Residential. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by US Residential. The data presented on this page does not represent the view of US Residential and its employees or that of Zippia.
US Residential may also be known as or be related to U.S. Residential Group LLC, US Residential, US Residential Group and Us Residential Group.