Century Communities and New Home Company, both of which have also gone public within the last two years, round out the top three fastest-growing in closings, both with an average increase greater than 100% in the last three years. Common among nearly all 11 builders is a focus on building entry-level product in 2014, while more luxury-focused publics like Toll are missing from the list. Of the 11 public builders showing an average growth in closings of at least a quarter or more, Brookfield Residential—ranked ninth—is the only builder to see any decrease in closings. While Brookfield has grown year-over-year in total sales, US sales (shown here) dipped by about 14% between 2013 and 2014, but a spike between the prior two years kept them on the list. The top selling builder by closings in 2014, NVR, appears at number 11.
Here is the breakdown of their year-over-year growth:
Public builders combined closed just over 150,000 units in
2014. DR Horton alone makes up about a fifth of that market share in closings,
which is roughly the same as the 11 fastest-growing put together at 32,183. With
expectations of a promising
year ahead for new-home sales, however, this list essentially showcases “builders
to watch” in 2015. These 11 haven’t sold the most homes, but have prepared to
start selling a lot more.
