News Summary
Drees Homes has promoted Chris Bunge to division president for its Cleveland market, as the company gears up for its centennial celebration in 2028. Bunge’s leadership will focus on operations, financial results, and strategic growth, aligning with the company’s plan for year-over-year growth in the Cleveland division. He brings a strong background in housing, having started at Drees in 2014 and previously owning CB Construction. His recent success includes achieving a “Green Sweep” in various operational metrics, focusing on customer satisfaction amidst challenges in the market.
Cleveland, OH – Drees Homes has announced the promotion of Chris Bunge to division president for its Cleveland market, marking a significant step as the company prepares for its centennial celebration in 2028. In his new role, Bunge will spearhead various operational areas, including financial results, strategic growth, and sales and marketing for the Cleveland division.
Bunge expressed appreciation for the opportunity, noting Drees Homes’ dedication to promoting talent from within. His leadership is expected to align closely with the company’s Centennial Strategy, which focuses on achieving specific growth targets and enhancing the customer experience.
As part of this strategy, Drees Homes aims to grow each division to over 300 closings per year and expand its Elevate build-on-your-lot business. The focus also lies on delivering a seamless, technology-enabled customer experience to clients. With an aim for 8% year-over-year growth in the Cleveland division leading up to the centennial, the company is positioning itself for extensive market expansion.
Bunge, who began his career at Drees in 2014 as a customer care representative, has held various roles within the company, showcasing a diverse background in the housing industry. Prior to joining Drees, he owned CB Construction. His previous positions include project manager and general manager of the Elevate division, where he successfully increased scale and profitability.
Under Bunge’s leadership, the Cleveland division of Drees Homes recently achieved a “Green Sweep” across seven key operating metrics, which included sales, operations, production, and customer satisfaction. He describes the Cleveland market as steady and value-driven, emphasizing that homebuyers in the area are particularly focused on long-term stability.
Looking to the future, Drees Homes plans to expand its market presence through strategic land positions and a diversified product lineup. The company offers a variety of housing options, including townhomes and single-family homes throughout northeast Ohio, with prices ranging from the $400s to over $1 million. Notably, housing prices in Cleveland remain lower than the national average, attracting consistent demand from both move-up buyers and downsizers.
However, Bunge acknowledges some challenges ahead, including issues with lot supply in premium locations, rising interest rates, and general affordability pressures. Despite these challenges, he believes there are opportunities for Drees Homes to navigate effectively and thrive in the evolving market.
Drees Homes operates in 11 markets across the United States, including Northern Kentucky, Cincinnati, Cleveland, Indianapolis, San Antonio, Jacksonville, Nashville, Raleigh, Washington, D.C., Austin, Dallas, and Houston. The company’s extensive presence allows it to leverage various regional markets for growth and expansion in the coming years.
As Cleveland prepares for potential changes and growth in the housing sector, Chris Bunge’s leadership role is expected to play a pivotal part in guiding Drees Homes through its strategic goals and ensuring that the division remains competitive in a rapidly changing marketplace.
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- GlobeNewswire: Drees Homes Announces New Cleveland Division President
- NKY Tribune: Drees Homes Named a 2023 Great Place to Work
- Wikipedia: Real Estate Development
- Google Search: Drees Homes
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