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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 Previous Rank Company 2019 Housing Revenue $ 2019 Closings/Units
2 2 D.R. Horton $17,460,800,000 59,490
3 3 PulteGroup $9,915,704,862 23,232
1 1 Lennar $20,560,147,000 51,491
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
13 11 Hovnanian Enterprises $2,433,380,000 5,713
7 6 KB Home $4,510,814,000 11,871
9 8 Meritage Homes $3,604,629,000 9,267
10 10 M.D.C. Holdings $3,205,248,289 6,974
17 17 Beazer Homes $2,077,246,011 5,500
16 15 David Weekley Homes $2,174,850,861 4,804
15 12 Shea Homes $2,194,752,000 3,478
14 14 M/I Homes $2,420,000,000 6,296
37 43 The Villages of Lake Sumter $598,963,661 2,287
21 22 Highland Homes $1,322,966,464 3,261
20 18 Ashton Woods $1,729,279,478 4,763
25 26 Drees Homes $1,039,459,872 2,097
23 24 Perry Homes $1,212,340,000 3,046
24 20 Brookfield Residential Properties $1,184,194,000 1,930
26 31 CBG Building Co. $956,538,028 2,703
32 29 McGuyer Homebuilders (MHI) $778,430,000 1,789
28 27 GL Homes $939,822,000 1,541
232 193 Simpson Housing $36,896,150 199
27 25 Woodside Homes $940,259,000 2,117
40 37 First Texas Homes $507,877,280 1,169
42 41 Habitat for Humanity International $493,038,180 3,841
29 30 Stanley Martin Homes $892,793,000 1,804
22 23 Mattamy Homes US Group $1,259,568,519 3,624
36 34 Fischer Homes $697,033,962 2,019
51 42 Epcon Communities $381,167,311 998
31 32 Gehan Homes $795,486,586 2,420
33 28 The New Home Company $757,110,000 1,020
77 66 Stock Development $251,312,688 228
12 13 Century Communities $2,481,464,973 8,000
11 9 Tri Pointe Homes $3,069,374,863 4,921
18 19 LGI Homes $1,862,000,000 7,960
39 39 Ivory Homes $517,000,000 1,120
50 45 Neal Communities of Southwest Florida $391,192,011 986
30 33 DRB Group $797,915,000 2,443
107 161 The Community Builders $155,477,528 351
59 74 Fulton Homes $336,415,000 886
52 52 Van Metre Companies $372,562,358 1,145
76 61 American West Development $255,981,564 591
80 69 McBride & Son Cos. $244,487,441 783
94 44 SummerHill Homes $173,061,000 223
62 72 Harkins Builders $322,000,000 1,682
44 55 Minto Communities USA $453,729,200 1,114
64 65 Lombardo Homes $305,539,595 711
46 47 Chesmar Homes $446,000,000 1,329

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