Industry & Services >> CEO Interviews >> September 7, 1998

Ira C. Norris – Inco Homes Corporation (inhm)

IRA NORRIS is CEO, Chairman and founder of Inco Homes, the recognized affordable housing leader in Southern California and, perhaps, the nation. Inco specializes in single-family homes for the entry-level and first-time move-up markets. INCO Homes went public in April 1993 and its stock is traded on the NASDAQ stock exchange. Mr. Norris is often quoted in leading local and national publications, such as The Wall Street Journal, Readers' Digest and U.S. News and World Report. Inco communities have won the National Association of Home Builders' Silver MIRM 'Project of the Year' Award and the Pacific Coast Builders Conference Gold Nugget Award for 'Best Affordable Housing'. Professional Builder and Remodler magazine has honored the company with the 'Smaller Smarter House for the Money' and 'Best Management in Tough Times' awards. In 1993, the company received two Best In American Living Awards for 'Best Affordable First Time Buyer Home' and 'Best Affordable Move-Up Buyer Home'. In January 1994, the company received an award from MIRM and Builder Magazine for 'Best Affordable Community in the Nation.' Mr. Norris has been named Builder of the Year by the Building Industry Association of Southern California and twice by BIA/Baldy View Chapter. He has served as president of both groups. Numerous national honors have included Housing Person of the Year for the Los Angeles Area presented by the National Housing Conference and America's Best Builder of more than 100 homes per year presented by the National Association of Home Builders and BUILDER magazine. In June 1993, Ira was inducted into the California Building Industry Foundation Hall of Fame. Ongoing involvement with the National Association of Home Builders has included twice chairing the Federal Governmental Affairs Committee and testifying before Congress on housing issues. Mr. Norris is deeply involved in several local charities and is an adjunct Professor at USC and has taught at Pepperdine University and UC Riverside. Among his many personal honors are the Anti-Defamation League's 'Inland Empire Distinguished Citizen Award' and the Arthritis Foundation Humanitarian Award. Profile
TWST: Give us a background sketch on INCO, and place it in context for

what you see as your company today?

Mr. Norris: Our business plan was to build the lowest priced single

family homes