Latest news with #Builder100
Yahoo
27-05-2025
- Business
- Yahoo
The top 10 home builders of 2025
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Every May, Builder magazine releases its ranking of the top 200 single-family home builders in the U.S. based on closings of homes built for sale and for rent. This year, most of the top 10 home builders have retained their positions on the Builder 100 or remained close. However, Salt Lake City, Utah-based SH Residential Holdings — the U.S. subsidiary of Japanese home builder Sekisui House — moved from No. 20 on the 2024 Builder 100 to No. 6 in 2025 after completing its acquisition of M.D.C. Holdings in April 2024, pushing Clayton Properties Group out of the top 10. Here's how the list's top 10 builders performed in the past year. To compare against last year's numbers, see our 2024 coverage. 1. D. R. Horton 2024 revenue: $33.8 billion 2024 closings: 93,311 (including 3,902 build-to-rent homes) Regions: Northeast, Midwest, South, West Company fact: D.R. Horton remains on the top of the Builder 100 list for the 23rd year in a row, and has moved up to No. 5 on the National Multifamily Housing Council's Top 25 Developers list, with 4,590 units started in 2024. Its single-family build-to-rent completions are down by almost 2,000 from the previous year. 2. Lennar Corp. 2024 revenue: $33.8 billion 2024 closings: 80,210 (including 1,005 condos) Regions: Northeast, Midwest, South, West Company fact: Quarterra, formerly known as Lennar Multifamily, made the NMHC Top 25 Developers list at No. 22, with 1,628 units started in 2024. The brand sold off two of its property portfolios in 2024 — a $2.1 billion sale to KKR in June and a sale to QuadReal Property Group in September for an undisclosed price. 3. PulteGroup 2024 revenue: $17.3 billion 2024 closings: 31,219 Regions: Northeast, Midwest, South, West Company fact: Bill Pulte, director of the Federal Housing Finance Agency, is the grandson of William Pulte, founder of PulteGroup. He served on the company's board of directors between 2016 and 2020. 4. NVR 2024 revenue: $10.3 billion 2024 closings: 22,836 Regions: Northeast, Midwest, South Company fact: NVR operates both mortgage and settlement and title services for buyers through its NVR Mortgage and NVR Settlement divisions. 5. Meritage Homes 2024 revenue: $6.3 billion 2024 closings: 15,611 Regions: South, West Company fact: Meritage has partnered with Operation Homefront's Permanent Homes for Veterans program for 12 years, donating mortgage-free homes to military veteran families. 6. SH Residential Holdings 2024 revenue: $8.1 billion 2024 closings: 14,860 Regions: Northeast, Midwest, South, West Company fact: SH Residential Holdings' 2024 acquisition of M.D.C. Holdings was valued at $4.9 billion. The builder also operates Woodside Homes, Holt Homes, Chesmar Homes and Hubble Homes in the U.S. 7. KB Home 2024 revenue: $6.9 billion 2024 closings: 14,169 Regions: South, West Company fact: KB Home's Dixon Trail community in Escondido, California, is the first new home development in the country to be built to the Insurance Institute for Business & Home Safety's home- and neighborhood-level wildfire resilience standards. 8. Taylor Morrison 2024 revenue: $7.8 billion 2024 closings: 12,896 Regions: Midwest, South, West Company fact: Three years after its launch, Taylor Morrison's Yardly build-to-rent brand has expanded to 35 communities — 15 leasing and 20 in progress — across nine markets in four states, according to the brand's website. 9. Century Communities 2024 revenue: $4.4 billion 2024 closings: 11,007 Regions: Midwest, South, West Company fact: Homes in Century Communities' Century Complete brand are available for purchase entirely online. 10. Toll Brothers 2024 revenue: $10.6 billion 2024 closings: 10,813 Regions: Northeast, Midwest, South, West Company fact: The builder's multifamily arm, Toll Brothers Apartment Living, recently sold The Kendrick in Newton, Massachusetts, to Norfolk, Virginia-based real estate investor and manager Harbor Group International for $182 million. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
HOMEBUYERS: New Construction Increasingly a More Cost-Effective Choice
As New Home Market Conditions Stay Near Average, Consumers Stand to Benefit DANA POINT, Calif., May 8, 2025 /PRNewswire/ -- The Builder 100 – Zonda's 37th annual gathering of top U.S. builders wrapped up yesterday. As a unique national provider tracking the entire building cycle, the event covers critical industry topics such as the state of the current housing market. Zonda chief economist Ali Wolf — whose role has recently expanded to chief economist for — offered some 'back to the basics' advice on what we'll see from consumers in the coming year in a presentation this week titled 'Economic Outlook for Housing.' "While consumers remain very concerned about the economy and whether we'll enter a recession, for those who have the means to make a move, they stand to see an increased benefit in the type of home they can secure for themselves," says Ali Wolf chief economist for Zonda and NewHomeSource. "Because of market uncertainty, new home prices were down from peak in every one of the 50 markets we track, and 35% of builders reported lowering prices in April," Wolf adds. "If a consumer is looking to buy this year, the case for a new home is growing." The price spread between buying a new construction home versus buying an existing home has narrowed (partly because of changing product). Because of an aged housing stock, new construction allows consumers to minimize unforeseen renovation problems. Builders are also increasingly offering more incentives, making it even more attractive to buy new. Through new construction, consumers can also customize and design their homes to fit their lives. Finally, new home buyers benefit from reduced insurance costs. The nation's largest builders were recently unveiled as part of the Builder 100 and Next 100 lists, including focuses on specific consumer segments: Entry Level, Move Up, Affordable⁄Subsized; and, Active Adult (55+) construction. Visit NewHomeSource for more on: How to Choose Between New Construction and Resale Homes A Step-by-Step Guide to the Home Building Process TrustBuilder Reviews: Home Builder Reviews from Real Homebuyers Also see from Builder 100: TARIFF TALK: Homebuyer and Remodeling Price Sensitivity in 2025 RENTERS: The Growing Influencers in the Building Community Dream Finders Homes Wins the 2025 Builder of the Year Award Lennar Foundation Honored with 26th Annual Hearthstone Builder Humanitarian Award Introducing the 2025 Virtual Concept Home Designed by Ashton Woods Homes About NewHomeSource (NHS) is America's #1 source for consumers as they search for new construction communities and homes. NewHomeSource also has the most extensive collection of ratings and reviews for homebuilders nationwide. As the only independent source of reviews from verified homebuyers, TrustBuilder delivers the honest insights you need to make decisions with confidence. About ZondaZonda provides data-driven housing market solutions to the homebuilding industry. From builders to building product manufacturers, mortgage clients, and multifamily executives, we work hand-in-hand with our customers to streamline access to housing data to empower smarter decisions. As a leading brand in residential construction, our mission is to advance the home building industry, because we believe better homes mean better lives and stronger communities. Together, we are building the future of housing. About BUILDERBUILDER is the No. 1 resource—via its award-winning journalism and industry events—for anyone involved in new-home construction. Primarily focused on the single-family sector, BUILDER strives to help home builders manage their operations, large and small, more efficiently and profitably. Residential construction pros turn to BUILDER for housing-related news, market analysis, design trends, M&A deals, building product coverage, and more. For media inquiries or to schedule an interview with Chief Economist Ali Wolf:Contact: Diane BeginEmail: pr@ 224-836-5615 View original content to download multimedia: SOURCE NewHomeSource powered by Zonda Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
06-05-2025
- Business
- Malaysian Reserve
TARIFF TALK: Homebuyer and Remodeling Price Sensitivity in 2025
Consumer Experiment also Reveals Building Product Prioritization DANA POINT, Calif., May 6, 2025 /PRNewswire/ — The Builder 100 – Zonda's 37th annual gathering of top U.S. builders – started yesterday. The event covers critical industry topics, including the potential impacts of tariffs and ultimate consumer response within the housing industry. Zonda building products expert Todd Tomalak presented a session titled '10 Industry Shifts No One's Talking About (Yet).' In tandem, his research team released its monthly Building Products Outlook, which includes a timely consumer experiment in response to rising costs due to tariffs. 'We think the industry should be prepared for an increase of about 9.3% to 'sticks and bricks,' taking into account not only direct costs from tariffs, but also baseline inflation and knock-on costs from domestic manufacturers,' says Todd Tomalak, Principal, Advisory of Building Products, Zonda. 'With that, we looked at trends that we believe will impact U.S. consumers, what compromises they'll consider and ultimately what we think consumers will buy in 2025.' What trends will impact consumer demand to increased product costs? 1. Reduced demand with a price hike will be distributed unevenly. Over a ~6 quarter period, with peak impact felt 6-9 months after the price shock Impact skewed by income: lower incomes reduce demand far more than higher 2. There will be a simultaneous hit to real income. Each 1% swing in real incomes historically skewed home improvement spending by several percentage points Since tariffs are broadly based, they impact overall consumer wallet more than targeted 'industry only' duties 3. Some households will reduce spending by scaling-down projects. ~20% of midrange remodels 'lost' due to tariff price shock, recouped as small maintenance and repair projects (< $5k ) 27% of 'big project' remodels lost, recouped or scaled down to 'mid-range remodels' (e.g. updating outdated appliances vs a larger kitchen update) 4. Consumers are also more price-sensitive since mid-2024, due to depleted pandemic-era savings, higher debt service payments and mortgage rate increases. Homeowners have finite money, and rising costs in one product can spill over into reduced spending on other products, even if those other products have no direct tariff exposure. If homeowners prioritize one product with rising costs as more important than other products, they may cut back spending on less critical categories. Our team conducted an analysis of this phenomenon using proprietary Zonda data, and we believe we have the first definitive analysis in the industry on recent homebuyer substitutions amid rising costs. Zonda analyzed relative tradeoffs of products selected as costs changed 2018-24, to learn relative differences in price sensitivities. So, which categories are homeowners most willing to prioritize despite rising costs?' There are huge differences in price sensitivity on selected upgrades in the home. Window and door upgrades are most price sensitive (10% higher payments drive -80% less upgrade selection) (Note: Increased costs related to windows and doors have yet to be passed along to consumers by manufacturers.) (10% higher payments drive -80% less upgrade selection) (Note: Increased costs related to windows and doors have yet to be passed along to consumers by manufacturers.) Flooring and electrical are less sensitive (10% higher payments drive only -8-9% less product upgrades) Finally, brands are even more sensitive than products, because individual brands can be substituted for similar experiences at varied costs. Rising costs due to tariffs are most likely to cause major swings between what brands consumer select. Learn more about our Building Products Outlook with exclusive research, forecasts and analysis. Join us at other upcoming Zonda events (next: Columbus Dealmakers, May 20; Raleigh Dealmakers, May 29 and Q1 Masterplan Community Update webinar May 20). Visit or follow us on LinkedIn for more information. About Zonda Zonda provides data-driven housing market solutions to the homebuilding industry. From builders to building product manufacturers, mortgage clients, and multifamily executives, we work hand-in-hand with our customers to streamline access to housing data to empower smarter decisions. As a leading brand in residential construction, our mission is to advance the home building industry, because we believe better homes mean better lives and stronger communities. Together, we are building the future of housing. Media Contact: Diane Begin, 224-836-5615, pr@ View original content to download multimedia: SOURCE Zonda
