By Builder
While significant movement at the top of Zonda’s annual Local Leaders list is uncommon, the list highlights geographic trends and reflects themes that have emerged in the housing market in recent years.
The 2025 list, ranking the nation’s 50 largest new-home markets by closings in 2024, shares similarities with recent years: the strength of Texas and Florida markets and the emergence of the Carolinas as new-home hotspots.
Four major Texas markets, Dallas, Houston, San Antonio, and Austin, represented 26.9% of closings among the top 50 markets, while Florida, North Carolina, and South Carolina accounted for 40% of the top markets in 2025.
However, 2024 marked a rebound for California markets, which are often highlighted for their limited supply and constrained affordability. Riverside and Los Angeles jumped up on the list, Sacramento grew closings by over 1,000 year-over-year, and Fresno was one of two new markets on the top 50 in 2025.
