Rankings spotlight top 10 builders in the top 50 home building markets
WASHINGTON, D.C. (June 22, 2012) — This week BUILDER, the leading media brand for the home building industry, unveiled its 2011 Local Leaders, an annual ranking of the top 10 builders in the top 50 home building markets.
In 2011, many builders found neighborhoods achieving and exceeding their plans for sales of first-time and move-up homes. Despite a few surprising reversals, most large public builders continued to sell homes at rates that placed them among the leaders in many of the country's 50 largest housing markets (based on total closings). Among them, D.R. Horton, Pulte Group, Lennar, and NVR sat atop 26 of those markets.
Though some builders have been challenged with locating quality lots and financing for their projects, most leaders say they outpaced their markets' overall performance last year, and more than a few of these builders saw in 2011 the first positive signs that business conditions were improving in a sustainable way.
"To be a local leader, a builder has done more than just survive, they have thrived by evolving with the market and delivering communities and homes that appeal to today's home buyer," according to Jonathan Smoke, Executive Director, Hanley Wood Market Intelligence. "Nationwide, these leaders have showcased a more affordable, efficient and flexible product."
Local Leader rankings were compiled from 2011 closings as provided by builders and verified by Hanley Wood Market Intelligence's Housing IntelligencePro database. The top 50 markets were determined based on new-home closing volume in 2011, using the current Federal Office of Management and Budget definitions of Metropolitan Statistical Areas (MSAs).
The 2011 Local Leader rankings are profiled in the June issue of BUILDER magazine and online at www.builderonline.com/localleaders/2011.aspx. For additional information, contact Hanley Wood Market Intelligence at 800-639-3777.
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. www.builderonline.com
About Hanley Wood Market Intelligence
Hanley Wood Market Intelligence is the housing industry's leading provider of intuitive data and analytical services on residential real estate development, remodeling and new-home construction. Powered by their proprietary Housing IntelligencePro database, Hanley Wood Market Intelligence delivers housing insights across more than 800 MSAs and nearly 2400 counties. www.housinginte