While the homebuilding industry has suffered its biggest slump in a half century, Oregon-based Hayden Homes enjoyed its best years ever in 2008 and 2009. And, on the last day of December, Hayden capped it off by buying a 101-lot subdivision in Springfield out of foreclosure for $2.1 million. The 20-year-old company expects to submit a slew of building permit applications to begin filling the lots with houses before January is through.
All of which explains why Hayden Homes President Dennis Murphy and CEO Hayden Watson keep mum at gatherings of builders, where epic tales of woe have been the norm over the past couple of years.
“We keep quiet because they want to beat us up,” Murphy said.
In 2009, Hayden Homes sold more than 590 houses in 30 small and medium-sized towns in Oregon, Washington and Idaho, making last year the second-best year on record for the Redmond-based company.
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“I’ve seen our model change people’s lives.”
— Dennis Murphy, Hayden Homes president
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