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 Sort descending Previous Rank Company 2019 Housing Revenue $ 2019 Closings/Units
151 155 Capstone Homes $92,638,826 242
152 156 Hanson Builders $92,597,824 137
153 123 New Tradition Homes $91,400,000 185
154 160 Granite Ridge Builders $89,938,214 345
155 158 Berks Homes $89,049,088 306
156 167 Ideal Homes $88,536,283 402
157 70 Baldwin & Sons $88,374,000 147
158 122 Thrive Home Builders $86,800,000 191
159 172 Jagoe Homes $86,133,000 366
160 180 McKee Homes $86,103,000 272
161 172 Tim O'Brien Homes Inc. $85,000,000 215
161 NR Ritz-Craft $85,000,000 1,054
163 162 United Built Homes $84,902,244 493
164 183 Providence Homes $83,976,934 180
165 165 Ence Homes $83,711,420 201
166 159 Rockford Homes $82,590,041 215
167 146 Tri-State Ventures dba Carefree Homes $80,000,000 384
168 NR Smithbilt Homes $79,494,700 342
169 154 MJC Cos. $78,985,127 258
170 198 Colina Homes $78,898,589 330
171 195 Vantage Homes $78,136,413 136
172 157 Insight Homes $77,469,645 219
173 163 Legacy Homes of Omaha $77,000,000 252
174 200 Marrano / Marc Equity $76,068,880 194
175 178 Southern Homes of Polk County $75,722,058 314
176 204 SeaGate Homes $72,794,676 282
177 192 Pratt Home Builders $72,764,816 258
178 166 Mandalay Communities $72,500,000 201
179 185 Creative Homes $72,305,496 141
180 203 Robertson Brothers Homes $70,663,392 184
181 NR Silverstone Communities $70,375,115 276
182 190 Napolitano Homes $70,157,725 140
183 186 Tropicana Homes $70,000,000 421
184 NR American Classic Homes $69,500,000 626
185 181 Sumeer Homes $69,476,873 212
186 184 Kaerek Homes $67,000,000 138
187 175 Piedmont Residential $66,745,133 275
188 138 Pacific Communities Builder $66,550,000 158
189 177 Prieb Homes $66,420,640 279
190 207 Windsor Homes $65,920,000 250
191 202 McArthur Homes $65,388,733 179
192 209 Bill Beazley Homes $63,767,098 272
193 199 Simmons Homes $63,222,234 272
194 168 Devon Street Homes $62,153,760 222
195 88 The Warmington Group $60,843,000 78
196 127 Level Homes $60,531,118 160
197 197 James Engle Custom Homes $59,100,000 102
198 NR Valor Communities $58,378,259 210
199 211 Rodrock Homes $58,144,011 104
200 213 Newcastle Construction $58,111,093 188
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