2006 BUILDER 100
Still On Top:The 2006 BUILDER 100 Revealed

For the first time since 2002, the top three companies on the Builder 100 list traded places. While D.R. Horton remains on top, Lennar Corp. rode a 7,209-unit closings increase to become the new No. 2, and tightened the gap on the list leader to just 3,842 closings. Pulte Homes shifts back to third, after its closings declined 9.08 percent, with Centex Corp. and KB Home rounding out the top five


2006 BUILDER 100 LISTING
Rising To The Challenge - While BUILDER 100 companies' efforts to diversify across the country left some of them exposed to more faltering markets instead of insulating them against regional downturns, the same builders' access to capital, solid balance sheets, and the ability to lower prices once again allowed them to take market share from their smaller competitors.
Reality Check - Builders learned some valuable lessons, about the industry and their companies, after buyers stopped buying last year. But are they heeding them?
Acquisition Season - Merger and acquisition activity slowed in 2006, but analysts and builders see it picking up in 2007. Already Taylor Woodrow and George Wimpey, two large U.K.-based home builders, announced a merger, and WCI Communities and Levitt and Sons are in play, but the real question is, will one of the top 10 BUILDER 100 companies acquire or merge with another big builder?
Builder 100 Snapshots
Next 100
Next 100 Listing
Next 100 Snapshots
Modular
2006 BUILDER 100 Top Modular Builders List (1-31) (Download PDF) 2006 BUILDER 100 Top Manufactured Builders List (1-15) (Download PDF)
Problem Solved - In 2006, modular housing continued to gain market share, accounting for 3.6 percent of the 1.06 million new-home sales in 2006, up slightly from 2005, according to the National Modular Housing Council (NMHC).
Multifamily
2006 BUILDER 100 Top Multifamily Rental Builders List (1-50) (Download PDF)
Apartment Boom - Rental builders across the country breathed a collective sigh of relief last year as the once red-hot condo market began to cool. They took advantage of the long-awaited marketplace shift and broke ground on a large number of rental units in 2006.
Online Extras
BUILDER 100: Inventory Problems - Between spec homes that didn't sell, investors who canceled due to market conditions, and move-up home buyers who couldn't sell their existing homes, builders got stuck with a lot of inventory in 2006.

2005 BUILDER 100

More than one in five new-home buyers bought their homes from the nation's top 10 builders in 2005. Together, the top 10 builders accounted for 20.97 percent of the home building market, up from 19.7 percent in 2004.

Fort Worth, Texas-based D.R. Horton held steady in the No. 1 position for the fourth consecutive year, closing 51,383 homes during 2005. Rounding out the top 10 were fellow public home builders Pulte Homes, Lennar Corp., Centex Corp., KB Home, Beazer Homes USA, Hovnanian Enterprises, The Ryland Group, M.D.C. Holdings, and NVR.

2005 BUILDER 100 LISTING
Staying Power - Twenty years ago, experts doubted whether a handful of companies would ever dominate home building. Today, the top 10 builders account for more than one-fifth of all new homes built in America, and they say they'll only keep growing from here on out.
In Command - No one forecast a market share of more than 36 percent for the industry's top 100 builders 20 years ago. Here's how they scaled the heights - and where they're headed now.
Consistent Performers - In the best year yet for home building, the top builders continued to outpace the industry. Can they sustain their momentum?
Builder 100 Snapshots
Next 100
Next 100 Listing
Standing Firm - To compete against national builders, smaller companies are diversifying their product mix and cozying up to developers.
Next 100 Snapshots
Modular
2005 BUILDER 100 Top Modular Builders List (1-10) (Download PDF) 2005 BUILDER 100 Top Modular Builders List (11-27) (Download PDF) 2005 BUILDER 100 Top Manufactured Builders List (1-15) (Download PDF)
Modular Metamorphosis - The Gulf Coast rebuild drives factory-built numbers.
Multifamily
2005 BUILDER 100 Top Multifamily Rental Builders List (1-8) (Download PDF) 2005 BUILDER 100 Top Multifamily Rental Builders List (9-22) (Download PDF) 2005 BUILDER 100 Top Multifamily Rental Builders List (23-36) (Download PDF) 2005 BUILDER 100 Top Multifamily Rental Builders List (37-50) (Download PDF)
Condo Craze - For-sale product took center stage in 2005
Articles
Steven Petruska, Pulte
Jeff Mezger, KB Home
Barry McCarron, Hovnanian
Dan Fulton, Weyerhaeuser
Alan Goldsticker, Ryland Group

2004 BUILDER 100
2004 BUILDER 100 LISTING
Survival of the Fit - The BUILDER 100 flexed their muscles once again in 2004, breaking records and grabbing market share. But they're not easing off. Stick builders are doing all they can to bulk up, while apartment builders and factory-built home producers look for new ways to grow.
Next 100
2004 Next 100 Listing
Modular
2004 BUILDER 100 Top Manufactured Builders List (1-15) (Download PDF) 2004 BUILDER 100 Top Modular Builders List (1-10) (Download PDF) 2004 BUILDER 100 Top Modular Builders List (11-28) (Download PDF)
Modular Makeover
Multifamily
2004 BUILDER 100 Top Multifamily Rental Builders List (1-8) (Download PDF) 2004 BUILDER 100 Top Multifamily Rental Builders List (9-22) (Download PDF) 2004 BUILDER 100 Top Multifamily Rental Builders List (23-36) (Download PDF) 2004 BUILDER 100 Top Multifamily Rental Builders List (37-50) (Download PDF)
Returning to Form
Articles
High Jump - The BUILDER 100's market share catapulted ever higher, as builders made good on promises to deliver thousands more homes, and profits soared.
Brains and Brawn - With the books closed on yet another record year, builders are focused on shaping up for the future. If their new strategies succeed, they'll be better prepared when leaner times come.

2003 BUILDER 100
2003 BUILDER 100 LISTING
Going For Broke - The BUILDER 100 companies place their bets on growth, taking their chances on strategies they believe will help them win big.
Next 100
Next 100 Listing
Staying In The Game - Despite the talk of consolidation, the local and regional builders of the Next 100 have no intention of folding.
Modular
2003 Top 20 Manufactured Home Builders
2003 Top 30 Modular Home Builders
After The Bust - Buried beneath collapsed financing and bottom-dollar interest rates, manufactured home companies have begun clawing their way back to better times.
Multifamily
2003 Top 50 Multifamily Rental Builders
Waiting For A Better Hand - Multifamily players keep on building in anticipation of renters to come.
Articles
Playing The Percentages - Builders ride high or ride out the storm, depending on the market.