BUILDER’s premier lists of the top 200 builders in the country, the BUILDER 100 and the Next 100, are set to be released next week. In light of that, we are counting down each day with some facts and figures gleaned from the data.
After a relatively quiet summer in national builder acquisitions, 2016 ended with a surge in deal activity, which has stretched into the first few months of 2017. As a result, some of the builders you see on the BUILDER 100/Next 100 lists next week may not be there in 2018—at least, not under their current names.
Just a few weeks ago, Century Communities and UCP finalized the year’s first public-to-public merger deal. The newly merged company’s name has not yet been determined. Lennar finalized its acquisition of WCI Communities in February. Berkshire Hathaway’s Clayton Homes acquired Summit Custom Homes in November, around the same time that Century Communities picked up Wade Jurney Homes.
Century, UCP, WCI, and Wade Jurney remain on the BUILDER 100 list this year, and Summit Custom Homes made the list reporting only its closings through its date of acquisition. Three builders come off the list this year due to acquisitions, including Goodall Homes, Coleman Homes, and Savvy Homes. Clayton acquired Goodall Homes in April 2016, Toll Brothers picked up Coleman Homes in November 2016, and AV Homes acquired Savvy Homes in March 2017.
Three Japanese builders also made new acquisitions in the American market in 2016 and 2017. Sumitomo Forestry acquired Dan Ryan Builders and Gehan Homes in the earlier half of 2016, and Edge Homes in February 2017. That same month, Daiwa House USA picked up Stanley Martin Homes and Sekisui House purchased Woodside Homes. These builders’ names and daily operations remain the same.
