Type Private Founder M.T. Broyhill Area served United States | Industry Real-estate Headquarters USA | |
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Key people M.T. Broyhill
Joel Broyhill
Marven Broyhill | ||
History
M.T. Broyhill and Sons Corporation (also known as Broyhill and Sons) was a brick and motor housing company based around Washington DC. Broyhill and Sons successfully capitalized on the post World War 2 housing boom to become the largest builder of brick and motor homes in the United States during the 1950s. By 1953, Broyhill and Sons was building 3,000 homes a year when the company also become the biggest customer of General Electric appliances. The company was owned by M.T. Broyhill, and sons Marvin Broyhill and Joel Broyhill whom become congressmen of Virginia for 11 terms, from 1953 to 1974.
Contents
Houses
A typical house would feature an Interior Décor by Colony House and modern General Electric Kitchens in mix-or-match colors with dishwashers and metal cabinets. Prices increased during the life of the various subdivisions around Washington DC. Between 1979 and 2007, while the Consumer Price Index increased by 2.8 times and the assessed value of a typical home increased by nearly 9 times, land by 15 times ($20,000 to $300,000 per quarter acre) and improvements by 5 to 10 times. All homes had air-conditioning. Homeowners to have access without membership fees to golf and tennis courts and pools." Air-conditioning was uncommon in homes of that price range at the time. Broyhill's ideas, except for free golf, are realities today.
Development
Notable projects include Sterling, Virginia where M.T. Broyhill and Sons built several thousand homes outside Dulles International Airport, and McLean, Virginia outside Washington D.C. The business strategy of Marvin Broyhill, Jr.'s was to put together a prefabricated home and sell it for about $17,000 less than a comparable Fairfax County Home.
Today
Today the mark of M.T. Broyhill and Sons can still be seen around Northern Virginia. Outside the thousands of houses around Washington D.C., Many street names and parks carry the Broyhill name. To this day many of the Broyhill family have stayed in real-estate. Many Broyhill companies such as LR Broyhill Co and Broyhill Enterprises, Inc continued to develop in and around Washington D.C. throughout the 20th century.