28/10/2021

Telefonatbns

Making a New Home

The top 10 home building companies of 2021

2 min read

Despite unprecedented labor and construction materials shortages, business is booming for home builders across the country.

Over the past 2 years, residential construction permits increased 36% nationally and the average value of a newly constructed single-family home increased by 7%, according to an analysis of permitting data from 368 municipalities by Omnis Panels, a Chicago-area maker of rainscreen panels.

Single-family homes saw the greatest increase in permits, at 30%. For large buildings containing five or more units, the increase was 21%. Many cities, especially several in Florida, saw much larger increases. Here are the metropolitan areas with percentage changes over 60% in single-family permits between June 2020 and June 2021:

City June 2020 Permits June 2021 Permits Increase
Ocala, Florida 1,628 2,917 79%
Cape Coral-Ft. Myers,Florida  2,913 5,150 77%
McAllen-Edinburg-Mission, Texas  1,426 2,462 73%
Sacramento-Roseville-Folsom, California  3,000 4,978 66%
Columbia, South Carolina 1,937 3,198 65%
Naples-Marco Island, Florida 1,343 2,211 65%
Greenville-Anderson, South Carolina 2,887 4,734 64%
Myrtle Beach, South Carolina 3,137 5,120 63%
North Port-Sarasota-Bradenton, Florida 3,879 6,303 62%
Lakeland-Winter Haven, Florida 2,940 4,738 61%
San Antonio-New Braunfels, Texas 4,693 7,558 61%
Columbus, Ohio 2,182 3,512 61%

SOURCE: Omnis Panels analysis of U.S. cities that issued more than 1,000 permits.

The country’s biggest home building companies reaped many benefits from this boom, according to Builder magazine. The top 200 residential builders in the U.S. accounted for 441,420 new homes in 2020, a 17% increase compared with 2019. They also saw $165 billion in associated revenue, a 15% rise over 2019.

Here are the 10 top in the residential construction sector, as ranked by Builder magazine.

1. D.R. Horton

2020 revenue: $21.6 billion

2020 closings: 71,292

2. Lennar Corp.

2020 revenue: $20.8 billion

2020 closings: 53,376

Company fact: Lennar started as a one-man operation in 1954 and grew to one of the largest residential construction companies.

3. PulteGroup

2020 revenue: $9.9 billion

2020 closings: 24,624

4. NVR

2020 revenue: $7.3 billion

2020 closings: 19,766

5. Taylor Morrison

2020 revenue: $6.1 billion

2020 closings: 12,524

6. Meritage Homes Corp.

2020 revenue: $4.4 billion

2020 closings: 11,834

7. KB Home

2020 revenue: $4.2 billion

2020 closings: 10,672

Company fact: Meritage was the first national top 10 homebuilder to have every home it built be Energy Star certified.

8. Clayton Properties Group

2020 revenue: $3 billion

2020 closings: 9,475

9. Century Communities

2020 revenue: $3 billion

2020 closings: 9,453

10. LGI Homes

2020 revenue: $2.4 billion

2020 closings: 9,339

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