{"id":16579,"date":"2023-05-05T04:30:05","date_gmt":"2023-05-05T11:30:05","guid":{"rendered":"https:\/\/essential.construction\/news\/the-top-10-residential-builders-of-2023\/"},"modified":"2023-05-05T04:30:05","modified_gmt":"2023-05-05T11:30:05","slug":"the-top-10-residential-builders-of-2023","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/the-top-10-residential-builders-of-2023\/","title":{"rendered":"The top 10 residential builders of 2023"},"content":{"rendered":"

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Every May, <\/span><\/span><\/span><\/span><\/span><\/span>the Builder 100 list<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a> ranks each of the top single-family home builders in the U.S. by their closings in the past year \u2014 including both homes built for sale and for rent.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Despite <\/span><\/span><\/span><\/span><\/span><\/span>some weakness brought on by interest rate hikes<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a>, the build-to-rent sector remains one of the hottest investment segments in commercial real estate. 2023 marks the second year that the Builder 100 data includes the build-to-rent count in its project type breakdown, and many of the top single-family builders in the country are building more units for rent now than ever before.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Here\u2019s a look how the country\u2019s top 10 home builders fared in the past year. To compare against last year\u2019s numbers, see <\/span><\/span><\/span><\/span><\/span><\/span>last year\u2019s coverage<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a>.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

1. D.R. Horton<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $32.7 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 82,930 (including 518 build-to-rent homes)<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: Northeast, Midwest, South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact:<\/span><\/span><\/strong><\/span><\/span><\/span> 2023 marks the 21st year in a row that D.R. Horton has stood at the top of the Builder 100. It is also No. 10 on the <\/span><\/span><\/span><\/span><\/span><\/span>NMHC Top 25 Developers<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a> list, with 4,954 units started in 2022.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

2. Lennar Corp.<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $31.8 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 68,817 (including 1,166 condos and 2,418 build-to-rent homes)<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: Northeast, Midwest, South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact<\/span><\/span><\/strong><\/span><\/span><\/span>: Lennar\u2019s multifamily division, formerly Lennar Multifamily, rebranded to <\/span><\/span><\/span><\/span><\/span><\/span>Quarterra in mid-2022<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a>. The developer is No. 7 on the NMHC Top 25 Developers list, with 5,224 units started last year.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

3. PulteGroup<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $15.8 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 29,111<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: Northeast, Midwest, South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact<\/span><\/span><\/strong><\/span><\/span><\/span>: PulteGroup launched an entirely online home buying process, known as Transact Home Online, for its Centex home brand in 2021.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

4. NVR<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $10.3 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 22,732<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: Northeast, Midwest, South<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact: <\/span><\/span><\/strong><\/span><\/span><\/span>NVR operates structural building component fabrication facilities in eight states, according to the company website.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

5. Meritage Homes Corp.<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $6.2 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 14,106<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact: <\/span><\/span><\/strong><\/span><\/span><\/span>Meritage has received Energy Star\u2019s Partner of the Year award almost every year since 2013.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

6. KB Home<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $6.9 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 13,738<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact: <\/span><\/span><\/strong><\/span><\/span><\/span>In January, KB Home opened a virtual model home community on the <\/span><\/span><\/span><\/span><\/span><\/span>metaverse platform Decentraland<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

7. Taylor Morrison<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $7.9 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 12,647<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact:<\/span><\/span><\/strong><\/span><\/span><\/span> Late last year, Taylor Morrison launched a single-family build-to-rent brand, Yardly, which has one property open for leasing in Phoenix and 15 more in progress in North Carolina, Florida, Arizona and Texas.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

8. Clayton Properties Group<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $4.8 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 11,751 (including 48 build-to-rent homes)<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: Midwest, South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact:<\/span><\/span><\/strong><\/span><\/span><\/span> Clayton Properties Group is the site-built division of Clayton Homes, a manufactured and modular housing builder. Both companies are owned by Berkshire Hathaway.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

9. Century Communities<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $4.4 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 10,594 (including 44 condos)<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: Midwest, South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact<\/span><\/span><\/strong><\/span><\/span><\/span>: Select Century Communities show homes contain furniture available to purchase through retail affiliate Mine.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

10. Toll Brothers<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

2022 revenue: $9.7 billion<\/span><\/span><\/span><\/span><\/span><\/span>
2022 closings: 10,515 (including 263 condos)<\/span><\/span><\/span><\/span><\/span><\/span>
Regions: Northeast, Midwest, South, West<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Company fact<\/span><\/span><\/strong><\/span><\/span><\/span>: Toll Brothers\u2019 multifamily arm, Toll Brothers Apartment Living, currently stands at No. 6 on the NMHC Top 25 Developers list, with 5,250 units started in 2022.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

\u00a0<\/p>\n

Click <\/em>here<\/em><\/a>\u00a0to sign up to receive multifamily and apartment news like this article in your inbox every weekday.<\/em><\/p>\n<\/p><\/div>\n

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