Top 10 Home Builders in the US

The American housing market is one of the largest and most dynamic in the world, with millions of new homes built each year. Behind this massive industry are the nation's leading home builders—companies that have shaped communities, defined neighborhoods, and provided housing for generations of Americans. These construction giants operate across multiple states, building everything from affordable starter homes to luxury estates, and their scale and efficiency have transformed how Americans live.

This list explores the ten largest home builders in the United States, ranked by their annual home closings, revenue, and market presence. These companies represent the consolidation and professionalization of the residential construction industry, moving from small local builders to publicly traded corporations with sophisticated operations spanning entire regions. From the entry-level homes that help first-time buyers achieve the American dream to the luxury communities that define upscale living, these builders touch nearly every segment of the housing market.

(Note: Rankings and figures are based on the most recent available annual and quarterly financial reports (2023-2024 fiscal years and Q1-Q3 2024 quarterly reports), with projections and estimates for full-year 2024 and early 2025 performance. The home building industry is cyclical and sensitive to interest rates, economic conditions, and housing demand, so actual 2025 figures may vary from these estimates.)

Methodology

This ranking is based on multiple factors including annual home closings, total revenue, market share, and geographic presence. The primary ranking criterion is the number of homes closed annually, which directly reflects a builder's scale and market impact. Revenue figures provide additional context about the value and price points of homes being built.

Ranking Criteria (in order of importance):

1. Annual Home Closings - Primary ranking factor (number of completed homes delivered)
2. Total Revenue - Secondary factor (reflects scale and average home price)
3. Market Share - Percentage of total US new home construction
4. Geographic Presence - Number of states and markets served

Data Sources:

• Company annual financial reports (10-K filings) for fiscal years 2023 and 2024
• Quarterly financial reports (10-Q filings) for Q1-Q3 2024
• SEC filings and investor relations materials
• Builder Magazine annual "Builder 100" rankings (industry standard ranking by closings)
• National Association of Home Builders (NAHB) industry reports
• Company earnings calls and investor presentations
• Verified market research and industry analysis from leading research firms

Data Methodology:

• Figures are based on trailing twelve months (TTM) data from the most recent available reports
• For companies reporting through Q3 2024, full-year 2024 estimates are based on year-to-date performance and company guidance
• Historical growth trends and market conditions are considered for 2025 projections
• All revenue figures are in US dollars and reflect homebuilding operations

Key Metrics Explained:

• Home Closings: The number of completed homes delivered to buyers annually (industry standard metric)
• Revenue: Total sales revenue from home construction and related services
• Market Share: Percentage of total US new home construction market (estimated based on industry totals)
• Geographic Presence: Number of states and markets where the builder operates

Important Considerations:

• Home building is highly cyclical and sensitive to interest rates and economic conditions
• Rankings can shift significantly based on market conditions, acquisition activity, and regional market performance
• Some builders focus on specific market segments (entry-level, move-up, luxury), which affects volume vs. revenue rankings
• Geographic concentration can impact rankings during regional market shifts
• Data reflects the most recent available information, with some figures being estimates or projections based on historical performance and market trends
• Actual 2025 full-year results will be available in company annual reports published in early 2026

List of Top 10 Home Builders in the US

10. LGI Homes Inc.

Annual Home Closings: ~8,500-9,000 homes
Revenue: ~$2.1-2.3 billion
Founded: 2003
Headquarters: The Woodlands, Texas

LGI Homes has rapidly grown into one of America's top home builders by focusing on entry-level and first-time homebuyers. The company specializes in affordable single-family homes and townhomes, primarily in fast-growing markets across the Sun Belt region. LGI's business model emphasizes quick construction cycles and streamlined processes, making homeownership accessible to buyers who might otherwise be priced out of the market.

The company's success stems from its ability to identify and enter emerging markets early, building communities in areas with strong job growth and population expansion. LGI operates under a simplified approach that reduces costs and speeds delivery, allowing it to offer competitive pricing while maintaining profitability. Their focus on entry-level buyers has positioned them well during periods of housing affordability challenges.

9. Century Communities Inc.

Annual Home Closings: ~9,500-10,000 homes
Revenue: ~$3.2-3.5 billion
Founded: 2002
Headquarters: Greenwood Village, Colorado

Century Communities has built a strong presence in the Western and Southern United States by offering a diverse portfolio of homes across multiple price points. The company operates through several brands, including Century Communities, Century Complete, and Century Next, each targeting different market segments from entry-level to move-up buyers.

The builder's strategy emphasizes land acquisition in growing markets and efficient construction processes. Century Communities has expanded through both organic growth and strategic acquisitions, building a portfolio that includes single-family homes, townhomes, and condominiums. Their focus on quality construction and customer service has helped them maintain strong customer satisfaction ratings while scaling operations.

8. Toll Brothers Inc.

Annual Home Closings: ~9,000-9,500 homes
Revenue: ~$9.5-10.5 billion
Founded: 1967
Headquarters: Fort Washington, Pennsylvania

Toll Brothers stands apart from other top builders as the nation's leading builder of luxury homes. While their home closing volume is lower than volume builders, their significantly higher revenue reflects their focus on premium and luxury market segments. The company builds in some of America's most desirable locations, creating master-planned communities with high-end amenities and custom design options.

The builder's reputation for quality, attention to detail, and luxury positioning has made it a preferred choice for affluent homebuyers. Toll Brothers communities often feature golf courses, clubhouses, and resort-style amenities. Their homes typically command premium prices, making them one of the most profitable builders per home closed. The company has also expanded into active adult communities and urban high-rise developments.

7. Meritage Homes Corporation

Annual Home Closings: ~12,000-13,000 homes
Revenue: ~$5.8-6.2 billion
Founded: 1985
Headquarters: Scottsdale, Arizona

Meritage Homes has distinguished itself as a leader in energy-efficient and sustainable home construction. The company was one of the first major builders to focus heavily on green building practices, earning recognition for its commitment to environmental responsibility. Meritage builds homes that are not only energy-efficient but also healthier for residents, incorporating advanced building science and sustainable materials.

The builder operates primarily in the South and West, with strong presence in Texas, Arizona, California, and Colorado. Meritage targets move-up buyers and empty nesters, offering homes that balance quality, efficiency, and value. Their commitment to innovation extends beyond energy efficiency to include smart home technology and modern design trends that appeal to contemporary homebuyers.

6. Taylor Morrison Home Corporation

Annual Home Closings: ~13,500-14,500 homes
Revenue: ~$6.5-7.0 billion
Founded: 2007 (through acquisition of Taylor Woodrow and Morrison Homes)
Headquarters: Scottsdale, Arizona

Taylor Morrison has grown into one of America's largest home builders through strategic acquisitions and organic growth. The company operates across multiple brands, including Taylor Morrison, Darling Homes, and William Lyon Homes, each serving different market segments and geographic regions. Their diverse portfolio allows them to serve entry-level, move-up, and luxury buyers.

The builder has a strong presence in the Sun Belt states, particularly in Florida, Texas, Arizona, and California. Taylor Morrison emphasizes customer experience and has invested heavily in technology to streamline the homebuying process. Their communities range from affordable starter homes to luxury estates, with a focus on master-planned communities that offer amenities and lifestyle benefits.

5. KB Home

Annual Home Closings: ~13,000-14,000 homes
Revenue: ~$6.0-6.5 billion
Founded: 1957
Headquarters: Los Angeles, California

KB Home is one of the nation's oldest and most established home builders, with a history spanning nearly seven decades. The company has built over 650,000 homes since its founding, establishing itself as a trusted name in residential construction. KB Home has evolved significantly over the years, adapting to changing market conditions and buyer preferences.

The builder is known for its "Built to Order" approach, allowing buyers to personalize their homes with various options and upgrades. KB Home operates primarily in the West, Southwest, and Southeast, with strong markets in California, Texas, and Florida. The company has also been a leader in energy-efficient construction, building homes that meet or exceed Energy Star standards and helping buyers reduce utility costs.

4. NVR Inc.

Annual Home Closings: ~20,000-21,000 homes
Revenue: ~$9.0-9.5 billion
Founded: 1980
Headquarters: Reston, Virginia

NVR operates through three primary brands—Ryan Homes, NVHomes, and Heartland Homes—serving markets primarily in the Mid-Atlantic, Northeast, and Midwest regions. The company has built a reputation for quality construction and customer satisfaction, with one of the highest customer satisfaction ratings in the industry. NVR's business model emphasizes land-light operations, reducing risk and improving capital efficiency.

The builder's geographic focus on the Eastern United States has served it well, as these markets have shown consistent demand for new housing. NVR builds a mix of single-family homes, townhomes, and condominiums, targeting first-time and move-up buyers. Their disciplined approach to land acquisition and construction has resulted in strong profitability and consistent performance across market cycles.

3. PulteGroup Inc.

Annual Home Closings: ~28,000-30,000 homes
Revenue: ~$14.5-15.5 billion
Founded: 1950
Headquarters: Atlanta, Georgia

PulteGroup is one of America's most storied home builders, with a history dating back to 1950 when founder William Pulte built his first home in Detroit. Over the decades, the company has grown into one of the nation's largest builders, constructing homes for over 750,000 families. PulteGroup operates through multiple brands, including Pulte Homes, Centex, Del Webb, DiVosta Homes, and John Wieland Homes.

The company serves all major market segments, from first-time buyers to active adults, with a particular strength in the active adult segment through its Del Webb brand. PulteGroup has a national footprint, building in over 40 markets across the country. Their diverse brand portfolio allows them to serve different buyer types and price points, from affordable starter homes to luxury residences.

2. Lennar Corporation

Annual Home Closings: ~68,000-72,000 homes
Revenue: ~$33.0-35.0 billion
Founded: 1954
Headquarters: Miami, Florida

Lennar is one of the nation's largest and most diversified home builders, operating in markets across the United States. The company has built over one million homes since its founding, establishing itself as a dominant force in residential construction. Lennar operates through multiple brands, including Lennar, CalAtlantic Homes (acquired in 2018), and other regional brands.

The builder's scale allows it to achieve significant operational efficiencies and purchasing power. Lennar serves all market segments, from entry-level to luxury, and has expanded into related businesses including financial services, title insurance, and multifamily development. Their "Everything's Included" approach simplifies the homebuying process by including popular features as standard, reducing complexity for buyers.

Lennar has also been a leader in technology adoption, using virtual reality, 3D home design, and digital tools to enhance the customer experience. The company's national presence and diverse product offerings make it one of the most resilient builders, able to navigate regional market fluctuations.

1. D.R. Horton Inc.

Annual Home Closings: ~87,000-92,000 homes
Revenue: ~$35.5-37.5 billion
Founded: 1978
Headquarters: Arlington, Texas

D.R. Horton is America's largest home builder by a significant margin, closing more homes annually than any other builder in the United States. Founded in 1978 by Donald R. Horton, the company has grown from a small Texas builder into a national powerhouse, constructing homes in over 100 markets across 33 states. D.R. Horton has closed over one million homes since its founding, making it one of the most prolific builders in American history.

The company's success stems from its ability to operate efficiently at scale, serving primarily entry-level and move-up buyers with affordable, well-built homes. D.R. Horton operates through multiple brands, including D.R. Horton, Express Homes, Emerald Homes, Freedom Homes, and others, allowing it to serve different market segments and price points.

D.R. Horton's business model emphasizes volume, efficiency, and consistent execution. The company has built strong relationships with suppliers and subcontractors, enabling cost advantages that it passes on to homebuyers. Their focus on entry-level and first-time buyers has positioned them well during periods of housing affordability challenges, as they can deliver quality homes at competitive prices.

The builder's geographic diversity provides resilience against regional market downturns, and its scale allows it to invest in technology, processes, and land that smaller builders cannot match. D.R. Horton's dominance of the US home building market reflects decades of disciplined growth, operational excellence, and a clear focus on serving America's homebuyers. The company's success is part of a broader trend of industry consolidation, similar to what we see in other sectors like the most profitable companies globally.

Summary of the Top 10 Home Builders in the US

Conclusion

The top 10 home builders in the United States represent a highly consolidated industry where scale, efficiency, and geographic diversity are key to success. These companies have transformed American homebuilding from a fragmented, local industry into a sophisticated, national business dominated by publicly traded corporations with sophisticated operations and significant market power.

D.R. Horton and Lennar stand out as the clear leaders, each closing tens of thousands more homes annually than their competitors. Their dominance reflects decades of growth, strategic acquisitions, and operational excellence. These volume builders have achieved scale that allows them to reduce costs, invest in technology, and serve markets that smaller builders cannot profitably enter.

The industry's structure reveals distinct business models: volume builders like D.R. Horton and Lennar focus on efficiency and scale, while specialized builders like Toll Brothers command premium prices in luxury segments. Regional players like NVR have found success by dominating specific geographic markets, while others like Meritage have differentiated through innovation in energy efficiency and sustainability.

The consolidation of the home building industry has brought both benefits and challenges. On one hand, large builders can deliver homes more efficiently and at lower costs, making homeownership more accessible. They can also invest in technology, customer service, and quality control systems that improve the homebuying experience. On the other hand, reduced competition in some markets can limit choices for buyers and potentially impact pricing.

Looking forward, these builders face significant challenges including rising construction costs, labor shortages, land availability, and changing buyer preferences. Interest rate fluctuations and economic cycles will continue to impact demand, while demographic shifts—including aging baby boomers and growing millennial and Gen Z homebuyer cohorts—will shape the types of homes needed.

The industry's leaders have proven resilient through multiple market cycles, adapting their strategies, product offerings, and operations to meet changing conditions. Their continued dominance of the US housing market ensures they will play a central role in shaping how Americans live for decades to come, building the communities and homes that define the American landscape.