Leadership
Trust: A New-Normal Fault Line For Builder-Of-Choice Advantage
Trust is one of the new, necessary competitive edges in today's volatile market, defining which homebuilders rise above the challenges as resilient outliers.
In today’s U.S. homebuilding market, the stakes are higher than ever. Rising mortgage rates, historically high home prices, and a critical shortage of housing inventory have created an environment where homebuilders must not only meet demand but also differentiate themselves in ways that go beyond just building homes. In these volatile times, one asset stands out as the true key to survival and growth: trust. For the leaders of homebuilding organizations, committing to and operationalizing trust isn't just a nice-to-have; it's an urgent, non-negotiable imperative.
Recently, Century Communities, KB Home, and LGI Homes were named to Newsweek’s 2024 World’s Most Trustworthy Companies list. In a time of uncertainty, these companies prove that trust is not a passive asset, nor a fuzzy, woke, soft skill; it’s an operational driver of success, with the power of any other business benchmark. They are showing the rest of the industry that in a market where challenges continue to pile up, trust is a bedrock of reliability, resilience, and growth.
As homebuilders, you’re not just selling homes — you’re selling trust. In an environment where macroeconomic headwinds and consumer uncertainty collide, the ability to foster trust with your stakeholders, from customers to land sellers to trade partners, is the key to sustaining and building a thriving business. The challenge? Trust requires constant effort, deliberate action, and a commitment to being reliable across every interaction. The companies recognized by Newsweek are doing just that.
Century Communities’ Commitment to Trust
Let’s take a closer look at Century Communities, one of the standout organizations recognized on this year’s list. Recently, The Builder's Daily spoke with Jim Francescon, Executive VP, Century Communities, and Greg Huff, President of Century Complete, about what it takes to make trust a living, breathing part of their company’s DNA. Their responses offer a playbook for other leaders to follow in today’s high-stakes environment.
Francescon puts it clearly:
Instilling trust is really at the core of everything we do here at Century. We always want to focus on doing the right thing, having committed consistent communication, and being reliable. It’s fantastic to be recognized for that.”
It’s easy to talk about trust in generalities, but Francescon and Huff are laser-focused on making it real, every day, across every aspect of their business. This isn’t about slogans or mission statements. It’s about being accountable in every interaction—with shareholders, customers, employees, and partners.
At the end of the day, trust is built through actions, not just words,” Francescon continues. “We believe that if we deliver on our commitments, stay transparent, and maintain a constant improvement mindset, we’ll continue to be a leader in the industry and earn the trust of our customers, shareholders, stakeholders, and vendors every day.”
As leaders, you’re responsible for ensuring that this kind of reliability isn’t just a talking point, but an operational reality.
Turning Trust Into Daily Operations
How does this commitment to trust move from philosophy to practice? According to Greg Huff, it’s about operationalizing trust across every level of the business—from the boardroom to the building site. He shares how Century Communities approaches this:
To me, trust is about being reliable — about being honest in the way you do things. You build that trust with customers, shareholders, and land sellers through actions. But it starts with having the right people who believe in that mission and processes that ensure they can perform consistently.”
Here’s the challenge: as leaders, you must ensure that your teams don’t just talk about trust — they must deliver on it. Huff is clear that the company’s success relies on systems and processes that allow its people to consistently live up to the high standards Century has set:
We make sure we have systems in place that allow team members to perform in a consistent way. That's where the reliability comes in. Without the right people, it’s hard to establish trust with everyone we interact with— from land sellers to trade partners.”
Trust doesn’t happen by accident. As a leader, it’s your responsibility to ensure that the right processes, people, and values are in place so that trust can become a daily practice—one that is measured and constantly improved upon.
The Business Case for Trust
But here’s where the rubber meets the road: trust isn’t just a feel-good idea — it’s a tangible business advantage. As Francescon explains during our conversation, being a "builder of choice" is about more than building quality homes; it’s about building reliable relationships with all stakeholders:
We believe being the builder of choice — whether with land sellers, M&A targets, investors, or trade partners — positions us to operate with a competitive edge. Especially in this highly volatile market, the importance of trust with all stakeholders is more critical than ever.”
If you, as a business leader, can ensure that your organization is viewed as the trusted, go-to partner in every interaction—whether it’s with land sellers, investors, or potential M&A targets—you position your company for long-term success. Trust is the glue that holds these relationships together, and in today’s turbulent market, those relationships are more critical than ever.
Why Recognition Matters
Let’s be clear: earning a spot on a list like Newsweek’s Most Trustworthy Companies isn’t just a PR win. It’s proof that your organization is walking the walk when it comes to trust. As Jim Francescon pointed out, this recognition validates the work Century Communities has put in over the years to earn and sustain trust with its stakeholders:
This recognition is a testament to our culture of integrity and reliability, and it validates the work we’ve put into building that trust. But it also reminds us that trust is something we have to earn every day.”
As a leader, it’s your job to ensure that trust isn’t just something you win once — it’s something you cultivate daily. This recognition should serve as motivation for you to double down on efforts to ensure your organization remains the builder of choice for customers, land sellers, trade partners, and investors.
“When we’re recognized for trustworthiness, it resonates with everyone we work with — from land sellers, to local officials, to financial investors. It shows that we’re not only a good partner but a consistent and reliable one,” adds Huff.
Trust is the reason talented employees stay with your company. It’s the reason land sellers choose to work with you over a competitor. And it’s the reason investors continue to back your projects.
Call to Action: Trust as a Leadership Mandate
For the leaders of the nation’s homebuilding organizations, the message is clear: in a post-pandemic, emerging AI-powered consumer landscape, trust is no longer optional — it is an operational imperative. If you’re not investing in trust, you’re leaving a significant competitive advantage on the table. The market is too volatile, too complex, and too demanding for anything less than full commitment to being reliable and trustworthy in every interaction, from the boardroom to the job site.
It’s time to take stock of your organization’s ability to be a builder of choice. Are you fostering trust at every level? Are your systems and processes designed to operationalize reliability and transparency? Are you ensuring that your teams understand the importance of trust and are empowered to deliver on it?
If the answer to any of these questions is "no," now is the time to act. The homebuilders that will lead the next decade aren’t just those who build the best homes—they’re the ones who build the deepest trust.
It’s on you to make trust your business's most valuable asset. After all, in this market, it’s not just about surviving. It’s about thriving.
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