雅虎香港財經 21 Largest Home Builders in USA
In this article, we will take a look at 21 of the largest home builders in the USA. If you want to see some more of the biggest home builders in the USA, go directly to 5 Largest Home Builders in USA.
Home builders create new homes. Some create single family homes, while others create luxury homes. Some home building companies also operate mortgage companies.
Given how expensive creating new homes can be, the top 21 largest home builders in the USA all had 2021 revenue of over $1 billion.
Like the shares of many other companies in other sectors, the shares of many leading home builders have not done well in 2022. Due to inflation, the Federal Reserve has increased interest rates in five straight meetings this year, with the Central bank raising interest rates by three quarters of a point in its September meeting alone. Due to the Federal Reserve rate hikes, the benchmark interest rate is now at 3-3.25% versus near zero in March.
As a result of the Federal Reserve interest rate increases, mortgage rates have also increased. As of October 5, the rate on the 30 year mortgage averaged 6.75% after being at around 3.25% at the end of 2021.
Given how expensive new homes can be, new home demand also depends on mortgage rates. If mortgage rates are low and the economy is strong, demand for new homes can be really robust. If mortgage rates are high and the economy is weaker, however, demand for new homes might not be as strong.
Given current inflation, there is potential for the Federal Reserve to increase interest rates further. If that happens, mortgage rates could potentially increase further and demand for new homes might be weaker.
Recently Federal Reserve Vice Chair Lael Brainard commented on inflation, "The Federal Reserve has tightened policy strongly to bring inflation down, and U.S. tightening is being amplified by concurrent foreign tightening. We are starting to see the effects in some areas, but it will take some time for the cumulative tightening to transmit throughout the economy and to bring inflation down. Uncertainty remains high, and I am paying close attention to the evolution of the outlook as well as global risks."
It isn't clear how much the economy will slow in reaction to the interest rate increases and it also isn't clear how quickly inflation will fall. Given the uncertainties and the volatile market, it could be useful to have a well diversified portfolio with leading stocks in many different sectors.
In terms of the home building market, the following are some of the industry's leaders for 2021.
kurhan/Shutterstock.com
Methodology
For our list of 21 Largest Home Builders in USA in 2021, we took the top 21 home builders from the Builder 100 list for 2022, which includes 2021 total closings and 2021 gross revenue.
21 Largest Home Builders in USA in 2021
21. DRB Group
2021 Total Closings: 4,172
2021 Gross Revenue: $1,535 million
DRB Group is a single family home and townhome builder with new home construction communities spanning Maryland, Virginia and other states. In 2021, DRB Group closed on 4,172 homes and reported gross revenue of over $1.5 billion. As a result, DRB Group ranks #21 on our list of 21 Largest Home Builders in USA in 2021.
20. Mattamy Homes
2021 Total Closings: 4,272
2021 Gross Revenue: $1,701 million
Mattamy Homes is a home builder in both the United States and Canada. Since 2011, Mattamy Homes' divisions have been awarded over 100 parade of homes awards. In 2021, Mattamy Homes closed on 4,272 homes and realized gross revenue of $1,701 million.
19. Beazer Homes USA, Inc. (NYSE:BZH)
2021 Total Closings: 5,287
2021 Gross Revenue: $2,140 million
Beazer Homes USA, Inc. (NYSE:BZH) has been building houses across the U.S. for over 25 years and the company was recognized as the #1 Most Trusted Company in Construction on the Newsweek America's Most Trusted Companies list in 2022. Shares of Beazer Homes USA, Inc. (NYSE:BZH) are down 54% year to date due to the higher mortgage rates and weak market. Out of the 895 hedge funds in our database, 15 were long Beazer Homes USA, Inc. (NYSE:BZH) at the end of Q2 2022.
18. David Weekley Homes
2021 Total Closings: 5,619
2021 Gross Revenue: $2,793 million
David Weekley Homes is one of the largest privately-held home builders in America. Founded in 1976, David Weekley Homes closed on 5,619 homes last year. As a result, David Weekley Homes realized gross revenue of almost $2.8 billion in 2021.
17. Dream Finders Homes, Inc. (NASDAQ:DFH)
2021 Total Closings: 6,125
2021 Gross Revenue: $2,523 million
Dream Finders Homes, Inc. (NASDAQ:DFH) is a home builder founded in 2008 and based in Jacksonville Florida. The company closed on 4,874 homes last year and maintains an asset light home building model. Dream Finders Homes, Inc. (NASDAQ:DFH) is down 44% year to date due to the weaker market. 5 hedge funds in our database were long Dream Finders Homes, Inc. (NASDAQ:DFH) at the end of the second quarter.
16. Tri Pointe Homes, Inc. (NYSE:TPH)
2021 Total Closings: 6,188
2021 Gross Revenue: $3,955 million
Tri Pointe Homes, Inc. (NYSE:TPH) is a leading homebuilder with a number of brands such as Pardee Homes ®, Maracay®, Quadrant Homes®, Winchester® Homes1 and Trendmaker® Homes. Tri Pointe Homes, Inc. (NYSE:TPH) closed on almost 6,200 homes in 2021 and generated gross revenue of almost $4 billion. Tri Pointe Homes, Inc. (NYSE:TPH) ranks #16 on our list of 21 Largest Home Builders in USA in 2021.
15. Hovnanian Enterprises, Inc. (NYSE:HOV)
2021 Total Closings: 6,793
2021 Gross Revenue: $3,019 million
Hovnanian Enterprises, Inc. (NYSE:HOV) is a national new home builder founded in 1959. In 2021, Hovnanian Enterprises, Inc. (NYSE:HOV) closed on almost 7,000 homes and generated gross revenue of over $3 billion. Hovnanian Enterprises, Inc. (NYSE:HOV) constructs homes in 124 communities across 14 states.
14. Ashton Woods Homes
2021 Total Closings: 8,112
2021 Gross Revenue: $2,642 million
Ashton Woods Homes is a luxury home builder. Ashton Woods Homes constructs energy efficient new homes with high end design and personalization. In 2021, Ashton Woods Homes closed on 8,112 homes and generated gross revenue of over $2.6 billion. As a result, Ashton Woods Homes ranks as #14 on our list of 21 Largest Home Builders in USA in 2021.
13. M/I Homes, Inc. (NYSE:MHO)
2021 Total Closings: 8,638
2021 Gross Revenue: $3,630 million
M/I Homes, Inc. (NYSE:MHO) is a leading home bilder that builds quality new homes in 16 markets. With over 40 years experience, M/I Homes, Inc. (NYSE:MHO) closed on 8,638 homes and achieved gross revenue of over $3.6 billion. Due to the weak market, M/I Homes, Inc. (NYSE:MHO) are down 35% year to date.
12. M.D.C. Holdings, Inc. (NYSE:MDC)
2021 Total Closings: 9,982
2021 Gross Revenue: $5,102 million
M.D.C. Holdings, Inc. (NYSE:MDC) has been designing and building new homes across the US for over 40 years. M.D.C. Holdings, Inc. (NYSE:MDC) also includes a mortgage company and an insurance agency. In 2021, M.D.C. Holdings, Inc. (NYSE:MDC) closed on almost 10,000 homes and achieved gross revenue of $5.1 billion.
11. Toll Brothers, Inc. (NYSE:TOL)
2021 Total Closings: 9,986
2021 Gross Revenue: $8,431 million
Toll Brothers, Inc. (NYSE:TOL) is a leading builder of lxuury homes founded in 1967. In 2021, Toll Brothers, Inc. (NYSE:TOL) closed on almost 10,000 homes and achieved gross revenue of over $8.4 billion. As a result, Toll Brothers, Inc. (NYSE:TOL) ranks #11 on our list of 21 Largest Home Builders in USA in 2021.
10. LGI Homes, Inc. (NASDAQ:LGIH)
2021 Total Closings: 10,442
2021 Gross Revenue: $3,050 million
LGI Homes, Inc. (NASDAQ:LGIH) is a leading home builder that closed on 10,442 homes in 2021.
Saga Partners said the following in a Q2 2022 letter about LGI Homes, Inc. (NASDAQ:LGIH),
LGI Homes should be a familiar name. The Portfolio first bought LGI in Q1’17 and then sold it during Q1’21 to take advantage of other opportunities that appeared relatively more attractive. Subsequently, shares increased over 50% from our sell price, only strengthening belief in our inability to time tops and bottoms. As shares declined this year as a potential reaction to LGI’s supply chain headwinds and a greater aversion to housing related stocks, we are excited to be owners again. LGI builds and sells standardized entry-level, single-family homes at attractive prices. Their competitive advantage comes from numerous integrated processes that all work together to drive building quality homes fast and at low price points. There is no proprietary technology or knowledge, but LGI has integrated around a very specific job to be done, which is very difficult for any other homebuilder to replicate, resulting in industry-leading growth and returns on equity
As a result, LGI Homes, Inc. (NASDAQ:LGIH) achieved revenue of over $3 billion.
9. Century Communities, Inc. (NYSE:CCS)
2021 Total Closings: 10,805
2021 Gross Revenue: $4,216 million
Century Communities, Inc. (NYSE:CCS) builds single family homes, condos and townhomes in prime locations. In 2021, Century Communities, Inc. (NYSE:CCS) closed on 10,805 homes and achieved revenue of over $4.2 billion. As a result, Century Communities, Inc. (NYSE:CCS) ranks among the top home builders in the United States.
8. Clayton Properties Group
2021 Total Closings: 10,967
2021 Gross Revenue: $3,790 million
Clayton Properties Group is a home builder with over 60 years experience that operates in 12 states and 293 communities. In 2021, Clayton Properties Group closed on almost 11,000 homes. As a result, Clayton Properties Group achieved gross sales of almost $3.8 billion and ranks as one of the largest home builders in the United States in 2021.
7. Meritage Homes Corporation (NYSE:MTH)
2021 Total Closings: 12,801
2021 Gross Revenue: $5,094 million
Meritage Homes Corporation (NYSE:MTH) constructs new homes with energy efficient features. Last year, Meritage Homes Corporation (NYSE:MTH) constructed over 12,800 homes and achieved gross revenue of almost $5.1 billion. As a result, Meritage Homes Corporation (NYSE:MTH) ranks #7 on our list of 21 Largest Home Builders in USA in 2021.
6. KB Home (NYSE:KBH)
2021 Total Closings: 13,472
2021 Gross Revenue: $5,705 million
KB Home (NYSE:KBH) is a leading home builder founded in 1957. In 2021, KB Home (NYSE:KBH) closed on 13,472 homes and achieved sales of over $5.7 billion. Due to the weak market, KB Home (NYSE:KBH) is down 38% year to date.
Click to continue reading and see 5 Largest Home Builders in USA in 2021.
Suggested articles:
Disclosure: None. 21 Largest Home Builders in USA in 2021 is originally published on Insider Monkey.
