The Lancaster Plan

Smith Douglas Homes is a publicly traded homebuilder operating across the Southeastern and Southern United States. Founded in 2008 in Atlanta, Georgia by Tom Bradbury, the company designs, constructs, and sells single-family homes targeting entry-level and empty-nest homebuyers in high-growth markets. The company operates under a land-light business model, purchasing finished lots through option contracts from third-party land developers and land bankers. Smith Douglas completed its initial public offering in January 2024 and trades on the New York Stock Exchange under ticker symbol SDHC. The company operates through two segments: the Southeast segment includes Atlanta, Central Georgia, Charlotte, Greenville, and Raleigh divisions, while the Central segment comprises Alabama, Houston, and Nashville markets. Smith Douglas offers floor plans ranging from 1,100 to over 3,000 square feet, including open-concept homes with single-level living, modern villas, townhomes, and two and three-story homes. As of June 30, 2026, the company maintained 110 active communities and controlled 23,527 lots across its markets. Smith Douglas recorded 2,908 closings in 2025.