(Disclosure: Rose Law Group represents K. Hovnanian Homes, Lennar, Meritage Homes,Taylor Morrison, and Toll Brothers.)
By Adam Graham | FIXr
Between 2017 and 2018, the U.S. homebuilding industry grew by 0.85%, and from 2018 to 2019, it more than doubled its growth rate, increasing by 1.8%. As the U.S. entered 2020, no one could have expected what was to come. With the pandemic making its debut early in the year, there was an almost instant increase in demand for single-family homes. Coupling that demand with record-low mortgage rates created an environment well-suited to the homebuilding industry, and the growth rate soared to 5.97%. In 2020, the U.S. homebuilding industry closed out the year with an industry market value of $105.1B.
This growth, however, did not come without substantial challenges. Shutdowns and social distancing measures, significant labor shortages, supply-chain disruptions, and rising costs for many home building materials, especially lumber, all created unique barriers that those in the industry have had to learn to navigate.
This article explores the major players in the homebuilding industry over the past 10 years by examining data from Builder 100. We compare these top companies based on their annual gross revenue, which is a measure of their total sales over the course of a year and does not take into account any operating costs or overhead expenses.
