McBride Homes, the St. Louis area’s largest homebuilder, and J.H. Berra Construction Co., a St. Louis-area developer, are forming a partnership to develop homesites and offer construction management services for smaller homebuilders.
The new company, called Elite Development Services, plans to sell homesites to McBride once they are developed. Initially, Elite will employ about 25 people and make its home at J.H. Berra’s headquarters.
The venture comes in response to demand for new homes in the face of a shrinking supply of them. A recent report from the Federal Reserve Bank of Kansas City said a low level of construction is limiting the supply of homes available.
Read more: St. Louis Post-Dispatch