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

 

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 Sort descending Company 2019 Housing Revenue $ 2019 Closings/Units
106 NR Holt Homes $157,753,057 322
109 NR American Classic Homes $151,901,292 190
242 NR Lambie Custom Homes $27,421,937 75
161 NR Ritz-Craft $85,000,000 1,054
118 NR Riverside Homebuilders $133,419,317 462
224 NR Robuck Homes $45,095,000 93
209 NR McKelvey Homes $52,000,000 83
181 NR Silverstone Communities $70,375,115 276
168 NR Smithbilt Homes $79,494,700 342
245 NR Goodwyn Building Co. $21,205,305 120
184 NR American Classic Homes $69,500,000 626
198 NR Valor Communities $58,378,259 210
129 NR American Southern Homes $119,974,000 387
218 NR Capitol City Homes $47,501,756 141
225 NR Covington Homes $45,000,000 100
139 NR Landmark 24 Homes $108,121,065 620
240 NR Forino $30,450,462 206
99 NR Crescent Homes $163,380,000 424
208 NR Edwards Homes $54,863,000 272
227 NR Esperanza Homes $43,938,062 196
124 NR Fieldstone Homes $123,653,000 289
102 NR Epoch Residential $160,885,000 899
98 NR Impression Homes $166,756,274 582
241 NR French Brothers Homes $29,000,000 98
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
5 4 Toll Brothers $7,080,379,028 8,107
4 5 NVR $7,220,844,000 19,668
7 6 KB Home $4,510,814,000 11,871
6 7 Taylor Morrison $4,600,000,000 9,964
9 8 Meritage Homes $3,604,629,000 9,267
11 9 TRI Pointe Group $3,069,374,863 4,921
10 10 M.D.C. Holdings $3,205,248,289 6,974
13 11 Hovnanian Enterprises $2,433,380,000 5,713
15 12 Shea Homes $2,194,752,000 3,478
12 13 Century Communities $2,481,464,973 8,000
14 14 M/I Homes $2,420,000,000 6,296
16 15 David Weekley Homes $2,174,850,861 4,804
17 17 Beazer Homes $2,077,246,011 5,500
20 18 Ashton Woods $1,729,279,478 4,763
18 19 LGI Homes $1,862,000,000 7,960
24 20 Brookfield Residential Properties $1,184,194,000 1,930
8 21 Clayton Properties Group $4,399,108,705 51,971
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
27 25 Woodside Homes $940,259,000 2,117
25 26 Drees Homes $1,039,459,872 2,097
28 27 GL Homes $939,822,000 1,541
expand_less