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The list of the top 10 new home builders in the United States is dominated by D.R. Horton, with almost eighteen thousand closings to Lennar’s six. While their average revenue per closing is $88,000 less, D.R. Horton does cover nearly every part of the country, though the Pacific area is where they are weakest. In the end, though, there are a few clear winners.
Pultegroup
In 2013, PulteGroup delivered 17,776 homes, with home sale revenues of $5.4 billion.
The company also expanded its presence in key Southeastern cities and the luxury market. Additionally, in 2013, the company announced that it would construct the 75th Built to Honor home, which will be available to wounded service members in May of 2022. In 2014, the company announced plans to relocate its corporate headquarters from Bloomfield Hills, Mich. to Atlanta, Ga.
The number of homes built by the largest homebuilders has increased steadily in the last few years. According to Builder Online, the top home builders in the U.S. have posted substantial profits for 2020. Despite predictions of a coronavirus pandemic, homebuilders have continued to report high profits. In fact, the same companies have retained their top positions in the rankings.
Lennar
The company acquired the CalAtlantic Group in early 2018, which increased its market share in some key markets. In 2017, Lennar was the number-one home builder in two US metros, and in four markets, it was in the top five. Overall, Lennar had a market value of $18 billion and revenue of $17 billion over the past year.
With its size, position, and presence across the country, Lennar is well-positioned to benefit from the housing market’s current boom. Low mortgage rates are adding tremendous support to the housing market, as buyers are rushing to the suburbs to find bigger homes and a place for home-schooling their kids. At the same time, millennials are starting families, which is increasing demand for new homes.
Rockwell Developers
This top-notch builder in Massachusetts is known for its high-end custom homes. They range in size from four to ten thousand square feet and are constructed with attention to detail. The homes of this top-rated builder have gained accolades from Luxury Magazine. They feature classic Tudor, Georgian, and Shingle design styles. They also have an eye for energy efficiency and incorporate the latest technological innovations.
Builder Magazine recently published a list of the country’s top new home builders for 2021. Based on final sales numbers from last year, D.R. Horton is the top homebuilder. Nine of the top 10 builders remain the same from last year, with LGI gaining another spot. LGI is a national homebuilder that builds across the Midwest, South, and West.
Taylor Morrison
The company has been in business for more than a century, and has acquired dozens of smaller regional homebuilders to reach the coveted Fortune 500 ranking. Today, the company has less than $10 billion in revenue, 19 divisions, and 300 active selling communities. Despite these high-profile accolades, Taylor Morrison has maintained its top 10 ranking as one of the nation’s most trusted home builders. Its dedication to quality and customer satisfaction sets the company apart from other builders, and demonstrates its commitment to its community and consumers.
With almost 18,000 homes closed last year, D.R. Horton dominated the list of top homebuilders in the U.S. Builder magazine ranked them according to the number of closings and built-for-rent completions. The top two homebuilders are also expanding their apartment development in recent years, as LGI is taking the lead from Hovnanian Enterprises.
NVR
As one of the country’s largest homebuilders, NVR has a huge market share in the U.S., with more than 20 percent of market share in the Washington, D.C., Baltimore, and Richmond markets. In Pittsburgh, New York, and Charlotte, NVR has a market share of five to 10 percent. Moreover, NVR has a disciplined business model that avoids spending too much on land, which is cyclical in nature.
Today, NVR is doing well, but the company should shine when the housing market begins to slow down. The company has a unique model that allows it to avoid the boom-and-bust cycles of previous years. Its model has allowed it to consistently deliver consistent performance over the years, despite the recent housing downturn. As a result, NVR has a low risk culture and consistently posts strong earnings.
