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2020 Housing Giants List

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Housing Giants

2020 Housing Giants List

Each annual Housing Giants list is a snapshot in time of builders’ perceived opportunities and challenges. This year is no exception, but the challenges that have emerged are unprecedented


By Pro Builder staff June 3, 2020
multicolored houses varying in size from large to small
This article first appeared in the May/June 2020 issue of Pro Builder.

 

Chronicling the Housing Industry

For more than 50 years now, Pro Builder has been publishing its Housing Giants list and, in doing so, has chronicled housing’s ups and downs. For an industry generally looked upon as staid and conservative, the last half century—especially the last two decades—has been a wild ride. After scaling previously unthinkable peaks in 2005 and then plummeting to its depths in 2012, home building fought its way back to what looked to be a sustainable, profitable undertaking.

Then, in 2019, housing data started showing the fruits of the industry’s labors. In December, annual housing starts reached a remarkable 1.626 million units (seasonally adjusted), the largest number of starts in 13 years.

In January 2020, starts increased 21.4% year over year. Total permits, single- and multifamily, rose by 9.2% to 1.551 million—the highest since March 2007. At the beginning of March 2020, when February’s numbers came out, housing continued to look strong, the good news continuing with the eighth consecutive month of increasing home sales, to 6.7% year over year nationally.

But by that time the COVID-19 virus had taken hold, and on March 13 the U.S. declared a national emergency. While most states deemed home building to be an essential business, the effects of stay-at-home orders, the number of businesses closing, and the job losses that ensued kept many Americans from shopping for a new home. Once again, home building stats experienced a precipitous drop.

Each Housing Giants list is a snapshot in time and this one is no exception. This year’s survey was conducted in early 2020 and its results, especially builders’ perceived opportunities and challenges, reflect the perspective of that time.


2020 HOUSING GIANTS QUICK DATA DIVE

  • Consolidation remains a key growth driver among the Housing Giants' top 20, which increased their market share from 20% to 24% and closed 72,000 more units than the previous year—a 23% leap-—while those below them on the list remained basically flat year over year.
  • 2019 was the best year yet since the Great Recession for Pro Builder’s Giants, with a 6.3% bump in home building revenue and more than 63,000 additional units closed or completed compared with 2018.

RELATED


 

Rank Sort descending Previous Rank Company 2019 Housing Revenue $ 2019 Closings/Units
1 1 Lennar $20,560,147,000 51,491
2 2 D.R. Horton $17,460,800,000 59,490
3 3 PulteGroup $9,915,704,862 23,232
4 5 NVR $7,220,844,000 19,668
5 4 Toll Brothers $7,080,379,028 8,107
6 7 Taylor Morrison $4,600,000,000 9,964
7 6 KB Home $4,510,814,000 11,871
8 21 Clayton Properties Group $4,399,108,705 51,971
9 8 Meritage Homes $3,604,629,000 9,267
10 10 M.D.C. Holdings $3,205,248,289 6,974
11 9 TRI Pointe Group $3,069,374,863 4,921
12 13 Century Communities $2,481,464,973 8,000
13 11 Hovnanian Enterprises $2,433,380,000 5,713
14 14 M/I Homes $2,420,000,000 6,296
15 12 Shea Homes $2,194,752,000 3,478
16 15 David Weekley Homes $2,174,850,861 4,804
17 17 Beazer Homes $2,077,246,011 5,500
18 19 LGI Homes $1,862,000,000 7,960
19 89 Embrey Partners $1,815,325,000 6,398
20 18 Ashton Woods $1,729,279,478 4,763
21 22 Highland Homes $1,322,966,464 3,261
22 23 Mattamy Homes US Group $1,259,568,519 3,624
23 24 Perry Homes $1,212,340,000 3,046
24 20 Brookfield Residential Properties $1,184,194,000 1,930
25 26 Drees Homes $1,039,459,872 2,097
26 31 CBG Building Co. $956,538,028 2,703
27 25 Woodside Homes $940,259,000 2,117
28 27 GL Homes $939,822,000 1,541
29 30 Stanley Martin Homes $892,793,000 1,804
30 33 DRB Group $797,915,000 2,443
31 32 Gehan Homes $795,486,586 2,420
32 29 McGuyer Homebuilders ("MHI") $778,430,000 1,789
33 28 The New Home Company $757,110,000 1,020
34 35 Green Brick Partners $752,483,244 1,719
35 38 Dream Finders Homes $736,609,660 2,048
36 34 Fischer Homes $697,033,962 2,019
37 43 The Villages of Lake-Sumter $598,963,661 2,287
38 48 LeCesse Development $529,051,775 2,023
39 39 Ivory Homes $517,000,000 1,120
40 37 First Texas Homes $507,877,280 1,169
41 46 Bloomfield Homes $495,000,000 1,457
42 41 Habitat for Humanity International $493,038,180 3,841
43 56 Edge Homes $463,825,551 1,386
44 55 Minto Communities $453,729,200 1,114
45 53 CBH Homes $448,713,190 1,543
46 47 Chesmar Homes $446,000,000 1,329
47 51 True Homes $432,239,038 1,663
48 63 View Homes $430,368,533 1,568
49 85 Lincoln Property Co. $395,524,000 1,192
50 45 Neal Communities of Southwest Florida $391,192,011 986

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