Amidst the crisis caused by the outbreak of COVID-19 and the potential second wave of the virus, whether construction and real estate are essential is widely debated. As construction remains one of the top industries in the US and the world, the topic on the matter is hot. Activity is disrupted while employment in construction dropped by 29,000 in mid-March 2020 according to the National Associated of Home Builders. With layoffs and amidst strict protective measures such as social distancing, construction remains active. What are some of the largest homebuilders in the US and what is happening with construction in the post period of the first wave of COVID-19?
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Construction Activity Disrupted
The National Association of Homebuilders released a report by far biggest declines in construction activity. The industry has seen a great number of layoffs in April as well. Moreover, the monthly confidence index is showing a decline of 42 points, reading 30 points for April. Previously, the National Association reported 70 points. Expectations that weren’t met when comparing results from the start of the year included single-home families and home sales. Still, despite the hardship in the industry, delays, halts, and layoffs, builders are building.
Top Residential Construction Companies in 2019
Builder Magazine created a list of top 100 top companies in the sector of homebuilders for 2019. The list of companies is compiled based on the revenue and profits that these companies generated during 2018. Most of these companies are public-owned while the industry of home builders consists of several large-scale companies. Some of the top companies from the list are:
1. D.R. Horton Inc.
2018 Revenue: $15.7 billion
2018 Closing: $52.6 billion
Covered regions: Northeast, Midwest, South, West, Pacific
2. Lennar Corp.
2018 Revenue: $18.8 billion
2018 Closing: $48.9 billion
Covered Regions: Northeast, Midwest, South, West
3. PulteGroup
2018 Revenue: $9.8 billion
2018 Closing: $23.1 billion
Covered Regions: Northeast, Midwest, South, West
4. NVR, Inc
2018 Revenue: $7 billion
2018 Closing: $18.4 billion
Covered Regions: Northeast, Midwest, South
5. KB Home
2018 Revenues: $4.5 billion
2018 Closing: $11.3 billion
Covered Regions: South, West
6. Taylor Morrison
2018 Revenues: $4.5 billion
2018 Closing: $8.7 billion
Covered Regions: Midwest, South, West
7. Meritage Homes
2018 Revenues: $3.5 billion
2018 Closing: $8.5 billion
Covered Regions: South, West
8. Toll Brothers
2018 Revenues: $7.1 billion
2018 Closing: $8.3 billion
Covered Regions: Northeast, Midwest, South, West
9. Century Communities
2018 Revenues: $2.3 billion
2018 Closing: $7 billion
Covered Served: Midwest, South, West
10. LGI Homes
2018 Revenues: $1.5 billion
2018 Closing: $6.5 billion
Covered Regions: Midwest, South, West
Builder’s Magazine List of Top Homebuilders for 2019
Based on the revenues that these companies generated in the sector of homebuilding in 2018, Builder’s Magazine created a list of the top 100 companies in the US.
| 1 | D.R. Horton (p) | 58,434 | $17,378 | 1 |
| 2 | Lennar Corp. (p) | 51,491 | $20,560 | 2 |
| 3 | PulteGroup (p) | 23,232 | $9,916 | 3 |
| 4 | NVR (p) | 19,668 | $7,221 | 4 |
| 5 | KB Home (p) | 11,871 | $4,538 | 5 |
| 6 | Taylor Morrison (p) | 9,964 | $4,623 | 6 |
| 7 | Meritage Homes Corp. (p) | 9,267 | $3,605 | 7 |
| 8 | Toll Brothers (p) | 8,107 | $7,224 | 8 |
| 9 | Century Communities (p) | 8,000 | $2,481 | 9 |
| 10 | LGI Homes (p) | 7,690 | $1,838 | 10 |
| 11 | Clayton Properties Group | 7,369 | $2,347 | 20 |
| 12 | M.D.C. Holdings (p) | 6,974 | $3,205 | 11 |
| 13 | M/I Homes (p) | 6,296 | $2,420 | 12 |
| 14 | Hovnanian Enterprises (p) | 5,713 | $2,433 | 14 |
| 15 | Beazer Homes (p) | 5,500 | $2,077 | 13 |
| 16 | TRI Pointe Group (p) | 4,921 | $3,069 | 15 |
| 17 | David Weekley Homes | 4,804 | $2,175 | 16 |
| 18 | Ashton Woods Homes | 4,763 | $1,780 | 19 |
| 19 | William Lyon Homes (p) | 4,051 | N/A | 18 |
| 20 | Habitat for Humanity International | 3,841 | $493 | 17 |
| 21 | Mattamy Homes | 3,624 | $1,260 | 22 |
| 22 | Shea Homes | 3,478 | $2,253 | 21 |
| 23 | Highland Homes | 3,261 | $1,323 | 23 |
| 24 | Perry Homes | 3,046 | $1,212 | 24 |
| 25 | DRB Group | 2,443 | $798 | 25 |
| 26 | Gehan Homes | 2,420 | $796 | N/A |
| 27 | The Villages of Lake Sumter | 2,287 | $765 | 31 |
| 28 | Woodside Homes | 2,117 | $940 | 28 |
| 29 | Drees Homes | 2,045 | $1,054 | 29 |
| 30 | Fischer Homes | 2,019 | $697 | 30 |
| 31 | Brookfield Residential Properties | 1,930 | $1,184 | 26 |
| 32 | Stanley Martin Homes | 1,804 | $897 | 35 |
| 33 | MHI-McGuyer Homebuilders | 1,789 | $778 | 33 |
| 34 | Green Brick Partners (p) | 1,719 | $752 | 42 |
| 35 | View Homes | 1,568 | $430 | 51 |
| 36 | True Homes | 1,567 | $432 | 34 |
| 37 | GL Homes | 1,541 | $940 | 43 |
| 38 | CBH Homes | 1,500 | $442 | 37 |
| 39 | Smith Douglas Homes | 1,477 | $367 | 40 |
| 40 | Bloomfield Homes | 1,457 | $495 | 38 |
| 41 | Legend Homes / Princeton Classic Homes | 1,417 | $363 | N/A |
| 42 | Edge Homes | 1,386 | $464 | 47 |
| 43 | Chesmar Homes | 1,329 | $446 | 39 |
| 44 | Great Southern Homes | 1,265 | $281 | 54 |
| 45 | Eastwood Homes | 1,173 | $376 | 50 |
| 46 | First Texas Homes | 1,169 | $508 | 41 |
| 47 | Long Lake Ltd. | 1,134 | $284 | 46 |
| 48 | Ivory Homes | 1,120 | $643 | 49 |
| 49 | Minto Communities | 1,114 | $454 | 55 |
| 50 | Betenbough Homes | 1,086 | $227 | 52 |
| 51 | The New Home Co. (p) | 1,020 | $757 | 44 |
| 52 | Castlerock Communities | 1,018 | $306 | 53 |
| 53 | Epcon Communities | 998 | $381 | 45 |
| 54 | Neal Communities of Southwest Florida | 986 | $412 | 48 |
| 55 | Milestone Community Builders | 941 | $236 | 63 |
| 56 | Park Square Homes | 932 | $305 | 92 |
| 57 | HistoryMaker Homes | 905 | $260 | 57 |
| 58 | Allen Edwin Homes | 887 | $227 | 69 |
| 59 | Fulton Homes | 886 | $336 | 71 |
| 60 | Essex Homes Southeast | 867 | $287 | 64 |
| 61 | H&H Homes | 815 | $276 | 66 |
| 62 | Westin Homes | 787 | $324 | 78 |
| 63 | McBride & Son Cos. | 783 | $244 | 56 |
| 64 | Stylecraft Builders | 763 | $168 | 65 |
| 65 | Robson Resort Communities | 748 | $348 | 61 |
| 66 | American Legend Homes | 734 | $338 | 62 |
| 67 | Ole South Properties | 710 | $183 | 67 |
| 68 | Lombardo Homes | 696 | $306 | 74 |
| 69 | Saratoga Homes | 686 | $146 | 75 |
| 70 | Ball Homes | 652 | $205 | 73 |
| 71 | Saint Aubyn Homes | 651 | $0 | 60 |
| 72 | Empire Communities | 640 | $277 | 187 |
| 73 | American Classic Homes | 626 | $70 | N/A |
| 74 | Homes by Westbay | 618 | $268 | 81 |
| 75 | ICI Homes | 604 | $32 | 84 |
| 76 | Van Metre Cos. | 600 | $436 | 76 |
| 77 | HHHunt Corp. | 597 | $336 | 72 |
| 78 | Anglia Homes | 592 | $143 | 80 |
| 79 | Knight Homes | 573 | $142 | 90 |
| 80 | Elite Properties of America | 568 | $275 | 79 |
| 81 | City Ventures | 561 | $382 | 82 |
| 82 | Signature Homes | 560 | $277 | 86 |
| 83 | Home Creations | 559 | $112 | 94 |
| 84 | Hanover Family Builders | 534 | $152 | N/A |
| 85 | Schell Brothers | 528 | $341 | N/A |
| 86 | Garrett Walker Homes | 523 | $136 | 89 |
| 87 | Caviness and Cates Communities | 521 | $193 | 83 |
| 88 | Hubble Homes | 515 | $139 | 112 |
| 89 | United Built Homes | 493 | $85 | 93 |
| 90 | Pacesetter Homes | 490 | $149 | 98 |
| 91 | Bill Clark Homes | 485 | $153 | 87 |
| 92 | Elliott Homes | 483 | $272 | 136 |
| 93 | Grand Homes | 470 | $250 | 97 |
| 94 | San Joaquin Valley Homes | 465 | $142 | 103 |
| 94 | Stone Martin Builders | 465 | $147 | 111 |
| 96 | Riverside Homebuilders | 462 | $133 | N/A |
| 97 | Rocklyn Homes | 451 | $106 | 68 |
| 98 | Van Daele Homes | 450 | $279 | 154 |
| 99 | Chesapeake Homes | 437 | $149 | 131 |
| 100 | Eastbrook Homes | 427 | $160 | 95 |
2018 Housing Giants Ranked List: probuilder.com
| RANK | PREVIOUS RANK | COMPANY | 2017 HOUSING REVENUE $ | 2017 CLOSINGS/UNITS |
|---|---|---|---|---|
| 1 | 1 | D.R. Horton | $14,040,013,709 | 47,135 |
| 3 | 3 | PulteGroup | $8,323,983,887 | 21,052 |
| 2 | 2 | Lennar | $11,035,299,000 | 29,394 |
| 6 | 5 | NVR | $6,175,521,000 | 15,961 |
| 4 | 6 | Toll Brothers | $6,657,817,755 | 8,163 |
| 8 | 8 | Taylor Morrison | $3,800,000,000 | 8,032 |
| 11 | 10 | Hovnanian Enterprises | $2,641,104,000 | 6,115 |
| 7 | 7 | KB Home | $4,335,205,000 | 10,909 |
| 9 | 9 | Meritage Homes | $3,186,775,000 | 7,709 |
| 12 | 12 | M.D.C. Holdings | $2,498,697,000 | 5,541 |
| 15 | 15 | Beazer Homes | $1,895,854,845 | 5,525 |
| 14 | 14 | David Weekley Homes | $1,958,653,965 | 4,277 |
| 13 | 13 | Shea Homes | $2,022,238,000 | 3,537 |
| 16 | 16 | M/I Homes | $1,878,572,000 | 5,089 |
| 36 | 38 | The Villages of Lake-Sumter | $539,775,597 | 2,052 |
| 22 | 19 | Highland Homes | $1,172,212,473 | 2,893 |
| 19 | 18 | Ashton Woods | $1,313,141,134 | 3,168 |
| 25 | 26 | Drees Homes | $864,424,121 | 1,859 |
| 17 | 17 | William Lyon Homes | $1,796,528,000 | 3,239 |
| 28 | 29 | Perry Homes | $785,000,000 | 2,079 |
| 21 | 20 | Brookfield Residential Properties | $1,174,301,000 | 1,768 |
| 31 | 31 | CBG Building Co. | $690,479,381 | 3,240 |
| 30 | 30 | McGuyer Homebuilders (“MHI”) | $725,088,000 | 1,743 |
| 29 | 22 | GL Homes | $757,928,000 | 1,209 |
| 90 | 56 | Simpson Housing | $195,648,000 | 838 |
| 24 | 27 | Woodside Homes | $870,383,000 | 2,151 |
| 43 | 45 | First Texas Homes | $459,986,745 | 1,131 |
| 42 | 36 | Habitat for Humanity International | $466,964,870 | 3,016 |
| 38 | 39 | Stanley Martin Homes | $505,000,000 | 971 |
| 26 | 32 | Mattamy Homes US Group | $831,025,950 | 2,601 |
| 37 | 40 | Fischer Homes | $522,231,000 | 1,624 |
| 40 | 49 | Epcon Communities | $480,064,552 | 1,354 |
| 33 | 34 | Gehan Homes | $609,352,000 | 1,753 |
| 23 | 28 | The New Home Company | $893,860,000 | 1,310 |
| 64 | 62 | Stock Development | $261,223,110 | 225 |
| 18 | 21 | Century Communities | $1,700,072,001 | 4,281 |
| 10 | 11 | TRI Pointe Group | $2,732,299,369 | 4,697 |
| 20 | 24 | LGI Homes | $1,280,000,000 | 5,845 |
| 49 | 50 | Ivory Homes | $401,400,000 | 921 |
| 45 | 42 | Neal Communities of Southwest Florida | $432,982,932 | 1,183 |
| 39 | 43 | Mungo Homes | $481,938,877 | 1,752 |
| 35 | 41 | DRB Group | $544,728,365 | 1,981 |
| 50 | 44 | Albert D. Seeno Construction Co. / Discovery Builders | $401,261,700 | 602 |
| 123 | 229 | The Community Builders | $116,973,320 | 333 |
| 60 | 81 | Fulton Homes | $273,834,200 | 794 |
| 56 | 68 | Van Metre Cos. | $317,742,170 | 532 |
| 72 | 99 | American West Development | $243,270,981 | 630 |
| 66 | 80 | McBride & Son Cos. | $257,257,382 | 842 |
| 74 | 66 | SummerHill Housing Group | $232,000,000 | 267 |
| 59 | 77 | Saint Aubyn Homes LLC | $292,000,000 | 784 |
