In the previous article of this series, we saw how the industry is dominated by several small players while there are very few large players in the market. In this article, we’ll run through the top homebuilders in the US.
D.R. Horton (DHI) constructs and sells homes under the names D.R. Horton, America’s Builder, Emerald Homes, Breland Homes, Express Homes, and Regent Homes. The company is by far the largest homebuilder in the US, with a revenue of $8.03 billion and a market share of 17% in 2014 compared to 15.4% in 2013.
Lennar (LEN), which is a homebuilder and a provider of financial services, closely followed DHI with a revenue of $7.78 billion with a market share of 16.5%. Lennar’s homebuilding operations include the construction and sale of single-family attached and detached homes, and, to a lesser extent, multi-level residential buildings.
PulteGroup (PHM) is in the homebuilding business also, ranked third with a revenue of $5.82 billion and a market share of 12.3%. PulteGroup’s (PHM) business includes the acquisition and development of land for residential purposes within the US. It’s also involved in mortgage banking operations.
KB Home (KBH) constructs and sells homes. It had a market share of 5.1% in 2014. The company, which reported a revenue of $2.4 billion in 2014, offers a variety of new homes designed primarily for first-time, move-up, and active adult homebuyers, including attached and detached single-family residential homes.
Standard Pacific Corporation
Standard Pacific (SPF) builds homes and communities. It had a market share of 5.2% in 2014. The company primarily focuses on building family-oriented communities in housing markets such as California, Florida, Arizona, North Carolina, South Carolina, Texas, and Colorado.