Each Could, the Builder 100 record ranks every of the highest single-family dwelling builders within the U.S. by their closings previously 12 months — together with each properties constructed on the market and for hire.
Regardless of some weak point introduced on by rate of interest hikes, the build-to-rent sector stays one of many hottest funding segments in business actual property. 2023 marks the second 12 months that the Builder 100 information contains the build-to-rent rely in its mission sort breakdown, and most of the high single-family builders within the nation are constructing extra models for hire now than ever earlier than.
Right here’s a glance how the nation’s high 10 dwelling builders fared previously 12 months. To match in opposition to final 12 months’s numbers, see final 12 months’s protection.
1. D.R. Horton
2022 income: $32.7 billion
2022 closings: 82,930 (together with 518 build-to-rent properties)
Areas: Northeast, Midwest, South, West
Firm truth: 2023 marks the twenty first 12 months in a row that D.R. Horton has stood on the high of the Builder 100. It is usually No. 10 on the NMHC Prime 25 Builders record, with 4,954 models began in 2022.
2. Lennar Corp.
2022 income: $31.8 billion
2022 closings: 68,817 (together with 1,166 condos and a couple of,418 build-to-rent properties)
Areas: Northeast, Midwest, South, West
Firm truth: Lennar’s multifamily division, previously Lennar Multifamily, rebranded to Quarterra in mid-2022. The developer is No. 7 on the NMHC Prime 25 Builders record, with 5,224 models began final 12 months.
3. PulteGroup
2022 income: $15.8 billion
2022 closings: 29,111
Areas: Northeast, Midwest, South, West
Firm truth: PulteGroup launched a completely on-line dwelling shopping for course of, often called Transact House On-line, for its Centex dwelling model in 2021.
4. NVR
2022 income: $10.3 billion
2022 closings: 22,732
Areas: Northeast, Midwest, South
Firm truth: NVR operates structural constructing element fabrication amenities in eight states, based on the corporate web site.
5. Meritage Properties Corp.
2022 income: $6.2 billion
2022 closings: 14,106
Areas: South, West
Firm truth: Meritage has acquired Power Star’s Associate of the Yr award nearly yearly since 2013.
6. KB House
2022 income: $6.9 billion
2022 closings: 13,738
Areas: South, West
Firm truth: In January, KB House opened a digital mannequin dwelling neighborhood on the metaverse platform Decentraland.
7. Taylor Morrison
2022 income: $7.9 billion
2022 closings: 12,647
Areas: South, West
Firm truth: Late final 12 months, Taylor Morrison launched a single-family build-to-rent model, Yardly, which has one property open for leasing in Phoenix and 15 extra in progress in North Carolina, Florida, Arizona and Texas.
8. Clayton Properties Group
2022 income: $4.8 billion
2022 closings: 11,751 (together with 48 build-to-rent properties)
Areas: Midwest, South, West
Firm truth: Clayton Properties Group is the site-built division of Clayton Properties, a manufactured and modular housing builder. Each firms are owned by Berkshire Hathaway.
9. Century Communities
2022 income: $4.4 billion
2022 closings: 10,594 (together with 44 condos)
Areas: Midwest, South, West
Firm truth: Choose Century Communities present properties comprise furnishings obtainable to buy by retail affiliate Mine.
10. Toll Brothers
2022 income: $9.7 billion
2022 closings: 10,515 (together with 263 condos)
Areas: Northeast, Midwest, South, West
Firm truth: Toll Brothers’ multifamily arm, Toll Brothers Condominium Residing, presently stands at No. 6 on the NMHC Prime 25 Builders record, with 5,250 models began in 2022.
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