Data Indicates Increased Market Share Performance Among Top Builders
WASHINGTON, D.C. (May 14, 2012) — BUILDER, the leading media brand for the home building industry, this week unveiled the BUILDER 100, its annual ranking of the 100 largest home building companies. D.R. Horton topped the list for the 10th straight year.
Ft. Worth, Texas-based Horton closed 17,176 homes during the 2011 calendar year, nearly 2,000 more than second-ranked PulteGroup, with 15,275 closings. The top two companies in the industry separated themselves from the pack, with Horton selling 58 percent more homes than third-ranked Lennar, which reported 10,845 closings.
The top 100 home builders outperformed the overall market last year. The U.S. Census Bureau reported 302,000 new-home sales and 16,000 for-sale multifamily completions in 2011, a 10 percent decline from 2010, and the lowest numbers on record. The typical BUILDER 100 company closed 1,416 homes last year, an 8 percent decline. BUILDER 100 companies recorded an average $414 million in revenue, 2 percent less than in 2010.
Though overall closings and revenue fell, the top 100 saw an increase in market share for the second year in a row. BUILDER 100 companies saw their aggregate share of closings of for-sale units rise in 2011 by 2.5 percent to 43.42 percent. That's the highest market share for this group that BUILDER has ever recorded.
Once again, the top 10 builders captured nearly one-quarter of all closings (including condos) in 2011, just slightly less than in 2010. All but one of the top 10 builders are public companies. Sixth-ranked Habitat for Humanity International, a non-profit, is the exception.
"Although the top 10 builders maintained their share year over year, it was the middle tier, Nos. 11 through 50, that experienced the biggest gain," said Denise Dersin, BUILDER's editor in chief. "A number of those companies are large, regional builders based in areas that did not suffer the severest shocks of the recession. But any company with positive closings or revenue in 2011 was also doing a lot of the right things."
The BUILDER 100 is compiled from data collected by BUILDER magazine via direct survey of the nation's top builders. The BUILDER 100 (and the Next 100) list is comprised of both private and public builders and identifies the top home builders in America by annual closings, gross revenue, and rate of change year over year, as well as information about where and what they build.
BUILDER magazine has been conducting the survey and compiling the list since 1984. The BUILDER 100 is profiled extensively in the May 2012 issue of BUILDER magazine and on BuilderOnline.com. This year's honorees also will be recognized at an awards luncheon event at the 2012 Housing Leadership Summit on May 15 in New York. For more information about the 2011 BUILDER 100 rankings, visit www.builderonline.com/builder100/2011.aspxtbvxwqvqdqrqdrafwyrvtdqcrzqtbbcdf.
Published by Hanley Wood, BUILDER is the leading brand in residential construction and serves as the magazine of the National Association of Home Builders (NAHB). For more than three decades, BUILDER has provided essential news, information and resources about products, technologies, trends, regulatory requirements and best practices to help home building professionals innovate for success. With an integrated platform encompassing print, online and in-person, BUILDER is a trusted source for top builders, architects and other industry professionals across the country. BuilderOnline.com
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