(news release)
Listing shows increase in closings for top U.S. builders
WASHINGTON, D.C. (May 13, 2013) — BUILDER, the leading media brand in residential construction, this week unveiled the BUILDER 100, its annual ranking of the 100 largest home building companies. D.R. Horton topped the list for the 11th consecutive year.
Horton closed 19,954 homes in 2012, up 16 percent from 2011 and nearly 3,500 more than second-ranked PulteGroup, which had 16,505 closings, and 6,152 more than third-ranked Lennar Corp., which posted 13,802 closings. Rounding out the top 10 builders based on closings are NVR (9,843), KB Home (6,282), Hovnanian Enterprises (5,356), The Ryland Group (4,809), Beazer Homes USA (4,428), Meritage Homes Corp. (4,238), and Habitat for Humanity International (3,766). The top 10 builders all are publicly traded companies, except for Habitat, which is a nonprofit organization.
The BUILDER 100 continued to outperform the overall market last year. Closings for the BUILDER 100 companies totaled 167,658 in 2012, up from 141,618 in 2011, the lowest total on record. The top 10 builders retained their dominance, closing one-quarter of all new homes for sale in 2012. Overall, BUILDER 100 companies closed 44.2 percent of all new homes for sale, a slight increase from 2011.
“2012 was a shot in the arm for the nation’s largest builders,” said Jean Dimeo, editor-in-chief of BUILDER. “Clearly, builders benefited from improved economic conditions, low mortgage interest rates, and lower land costs. These factors not only allowed companies to organically grow sales, but also expand into new markets that had pent-up demand for new homes.”
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 lists are made up of private and public builders and identify the top home builders in the U.S. by annual closings and gross revenue, as well as information about where and what they build.
BUILDER magazine has conducted the survey and compiled the BUILDER 100 list since 1984. The BUILDER 100 and the Next 100 lists of builders are featured in the May 2013 issue of
BUILDER magazine and on builderonline.com. This year’s honorees also will be recognized at an awards dinner at the 2013 Housing Leadership Summit in Scottsdale on May 14.
For more information about the 2012 BUILDER 100 and Next 100 rankings, visit www.builderonline.com/builder100/2012.aspx.
