RANKED TOP 100 BUILDER FOR 2nd YEAR IN A ROW!

Fayetteville-Based Home Builder Listed Nationally as One of Top 100 Home Builders in 2009 by Builder Magazine.

In the May 2010 issue of Builder Magazine, Caviness and Cates Communities, of Fayetteville, NC, is ranked one of the Top 100 Home Builders for 2009 in the United States.

May 17, 2010—Fayetteville, NC – For the second year in a row, Builder Magazine has named Caviness and Cates Communities one of the 2009 Top 100 Home Builders in the United States. Builder Magazine, the information source for the home building industry, has been generating their “Top 100 Builder” list in the United States for the past 27 years.

Caviness and Cates, a home builder based in Fayetteville NC, has steadily risen in the Builder Magazine rankings in recent years. In 2008, Caviness and Cates received this “Top 100 Builder” honor, ranking at number 89. In 2009, with a closing rate increase of 23%, the company ranked 68th in the United States for new homes sales, demonstrating a strong commitment and contribution to the North Carolina economy and its military and civilian families.

In 2009, Caviness and Cates was one of only twenty-six home builders reporting increases in closings. With a revenue gain of nearly 10%, Caviness and Cates was one of only sixteen of the top 100 home builders to experience revenue increases during 2009.

Owner Chris Cates stated, “We're honored to be on the Top 100 Builder list again for 2010. It is a reflection of all the hard work of everyone in our company and we feel very fortunate to be building in the markets that we are in.” With almost 400 new home closings in 2009, Caviness and Cates has provided military and civilian families in Southeastern North Carolina with a new home to call their own.

Caviness and Cates serves the following areas in North Carolina: Fayetteville, Beaufort, Clayton, Greenville, and Jacksonville. With communities near North Carolina’s military bases, Caviness and Cates understands the importance of affordable housing for military troops in North Carolina. As part of their Homefront Project, Caviness and Cates has pledged to donate a portion of sales from each and every home sold in 2010 to help raise funds for the men and women of our military and their families.

Founded in 1999, Caviness and Cates has quickly become a leader in new home sales in southeastern North Carolina, while at the same time demanding high quality and customer satisfaction with each home they build. With a variety of home plans, layouts, and design choices, home buyers have the opportunity to personalize their home, with customized features, making each home unique.

For more information about the TOP 100, view the May issue of BUILDER Magazine online athttp://mydigimag.rrd.com/publication/?i=37093&p=61

Qualified military can take advantage of home buyer tax credits for another year.

Qualified military can take advantage of home buyer tax credits for another year. A legislative provision targeting active members of the military, Foreign Service and intelligence communities provides those buyers with an additional year of eligibility. The provision only applies to home buyers in the above mentioned groups who have served on official extended duty for 90 days or more outside the U.S. from Jan 1, 2009 to April 30, 2010.

Other resources can be found on NAHB’s web page at www.nah.org/taxcreditmaterials or additional information at www.federalhousingtaxcredit.com

SUPPORTING OUR TROOPS WITH EVERY HOME

Caviness and Cates is proud to announce our commitment to supporting our community and its military families. Presenting The Homefront Project: our pledge to donate a portion of our sales from each and every home we sell in 2010 to help raise funds for the men and women of our military and their families.

Why are we doing this? As a leading home builder in the Fort Bragg and Camp Lejeune areas, we believe we have an obligation to our military families who depend on help from charitable organizations. Fayetteville alone has over 50,000 military families who work tirelessly to keep our country safe.

Our selected charity is The Intrepid Fallen Heroes Fund, a national leader in supporting our Armed Forces and their families. This fund provides financial support for the dependents of U.S. military personnel lost in performance of their duty. Following the United States involvement in Iraq and Afghanistan, the need for support has greatly increased and this effort was expanded to the public to help generate the growing need for funds.

TO LEARN MORE ABOUT OUR EFFORTS; CLICK HERE

ENERGY STAR® LEADERSHIP IN HOUSING AWARD

CAVINESS AND CATES COMMUNITIES IS RECOGNIZED WITH A 2010 ENERGY STAR® LEADERSHIP IN HOUSING AWARD

Caviness and Cates Communities earns award for building new homes that protect the environment through energy efficiency.

Fayetteville, NC – Caviness and Cates Communities is pleased to announce that it has been recognized by the U.S. Environmental Protection Agency (EPA) with a 2010 ENERGY STAR Leadership in Housing Award. This award recognizes the important contribution Caviness and Cates Communities has made to energy-efficient construction and environmental protection by building more than 206 ENERGY STAR qualified homes last year. Collectively, these homes will save our customers approximately $92,082 on utility bills each year.

The environmental benefits of these ENERGY STAR qualified homes are equal to the equivalent of:

• Eliminating the emissions from 101 vehicles;
• Saving 610,584 lbs of coal;
• Planting 167 acres of trees; or
• Saving the environment 1,197,478 pounds of CO2 per year.

To earn the ENERGY STAR, a home must meet strict guidelines for energy efficiency set by the U.S. Environmental Protection Agency. These homes are at least 15% more energy efficient than homes built to the 2004 International Residential Code (IRC), and include additional energy-saving features that typically make them 20–30% more efficient than standard homes.

“Caviness and Cates Communities is committed to fulfilling their responsibilities as a leading Home Builder in the community by providing quality energy efficient homes at an affordable price that saves our homeowners money everyday,” states Scott Wilson, Energy Star Program Manager

ENERGY STAR qualified homes offer homebuyers all the features they want in a new home, plus energy-saving features like effective insulation systems, high performance windows, tight construction and ducts, properly-sized and installed efficient heating and cooling equipment, efficient products, and third-party verification of energy performance.

“Most homebuyers focus on what's outside the walls,” said Sam Rashkin, National Director for EPA's ENERGY STAR Homes Program, “but they also need to look behind the walls for the energy-efficient features found in ENERGY STAR qualified homes that help ensure comfort, quiet, improved indoor air quality, and low utility bills for years to come.”

More than one million ENERGY STAR homes have been built in the United States since the program first began labeling homes in 1995. Thanks to the dedication of our partners, families living in ENERGY STAR qualified homes will save more than $270 million this year on their utility bills, while avoiding greenhouse gas emissions equivalent to those from 370,000 vehicles.

About ENERGY STAR

ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money and help protect the environment for future generations. More than 17,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, buildings and businesses. For more information about ENERGY STAR, visit www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).

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FOR IMMEDIATE RELEASE

CONTACT: Scott Wilson
263-6249

THE BEST NEW HOME VALUE ON NORTH CAROLINA’S COAST

BEAUFORT, NORTH CAROLINA March 18, 2010

BEAUFORT, N.C. (March 17, 2010) Beaufort North Carolina’s North River Club announced that Caviness & Cates is building their extremely popular Discovery Series in their community. “We are extremely excited to have Caviness & Cates building here stated Brett Michaud, President of the North River Club Golf Course Community, “They are a great company with a fantastic product.” The homes currently under construction are 4 and 5 bedroom homes with prices starting from $232,900 which equates to $80 a square foot including the lot. “It’s an amazing value” stated Mr. Michaud, “These are ‘must see homes’ and I’m confident buyers will love what they see. Caviness & Cates builds a quality home and stands behind their homes with a fantastic warranty program, one of the best I’ve ever seen.”

When asked who the expected buyers will be, Mr. Michaud responded “These homes have sold remarkably well in every community that they’ve been offered. We believe these homes will be attractive to many families, in particular we anticipate many buyers may come from Cherry Point which is less than 20 miles from our neighborhood.”

Caviness & Cates has been rated by Builder magazine as one of the top 100 builders in the country. Based in Fayetteville, North Carolina the company has a reputation for quality homes and carefully evaluating an area before entering it. “We are a North Carolina company and that’s where we build. When we met with Brett and the leadership team at the North River Club team we saw the potential for great family community. Many of our buyers are from the military and North River Club’s proximity to Cherry Point and the beach along with a completed golf course all make this a great place to live. Our Discovery Series homes are a perfect fit” stated Chris Cates. “For the homes we’ve starting building at North River Club we’re building them in a craftsman style exterior. They look great. If history is any indicator, I expect they’ll sell quickly.”

The North River Club golf course is open to the public and is located in Beaufort, North Carolina. Long known for its boating, fantastic ocean fishing and mild weather, Beaufort, North Carolina was voted the #3 favorite small southern town by Southern Living’s readers in their 2007 Reader’s Choice Awards. The golf course itself has received many accolades including being rated in the top 20 in the State from the Triangle to the Coast by Metro Magazine.

The North River Club is a master planned residential community surrounding a world class golf course designed by Bob Moore of JMP Golf Design Group. For more information visit www.northriverclub.com or call the pro-shop at (252)728-5525 or for realty sales call North River Club Sales center at 1(252) 728-3126. For more information on Caviness & Cates visit www.cavinessandcates.com or call (910) 481-0503

Contact Information Brett Michaud
North River Club
252-728-3126

Don't Let Time Run Out!

Less than 6 weeks left to take advantage of the home buyer tax credit! We have homes available! Homes that qualify for the tax credit need to be under contract before April 30th, and close by June 30th.

View all our qualifying homes at:

http://www.cavinessandcates.com/index/c/tax-credit/

Fayetteville Ranked Among Best Performing Large Cities

The Fayetteville Metropolitan Statistical Area (MSA) was recently ranked 31st in the nation in Best Performing Economies, up from 52nd last year. In 2003, Fayetteville ranked 162nd.

The following statistics contributed to the rating: Five year job growth (in 2009 Fayetteville ranked 34th in the nation); 1 year job growth (2009 rank 22nd); Five year wage and salary growth (2009 rank 15th in the nation); one year wage and salary growth (2009 rank 15th) and overall job growth (2009 rank 52nd).