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Builder 100 2008
- 1. The B UILDER 100: Ripped from the Headlines
- 3. What Does the Typical B UILDER 100 Company Look Like? Closed 3,597 homes, compared to 5,007 in 2006 Closings decreased by 19.23, compared to growth of 0.25% in 2006 Recorded $1.189 billion in revenue; $1.7 billion in 2006 Decreased revenue by 21.86% compared to 9.25% in 2006
- 8. Change on the Leader Board M.D.C. Holdings NVR The Ryland Group Beazer Homes Hovnanian Enterprises KB Home Centex Pulte Homes Lennar D.R. Horton 49,568 2. 41,487 3. 37,539 4. 32,124 5. 20,201 6. 17,500 7. 53,410 1. 13,123 10. 15,123 9. 15,392 8. CLOSED 2006 27,540 Pulte Homes 4. 30,684 Centex 3. M.D.C. Holdings The Ryland Group Beazer Homes USA NVR Hovnanian Enterprises KB Home Lennar D.R. Horton 33,283 2. 23.743 5. 14,928 6. 13,513 7. 11,366 8. 37,717 1. 8,195 10. 10,319 9. CLOSED 2007
- 11. Fastest-Growing Public Company (Based on Three-Year Compound Rate) Comstock Homebuilding Cos. Reston, Va.
- 12. Biggest For-Profit Private Builders 1. David Weekley 4,587 2. Shea Homes 4,325 3. Kimball Hill 3,246 4. Pasquinelli 2,974 5. Perry Homes 2,825 6. MHI (McGuyer) 2,708 7. Woodside Homes 2,703 8. C.P. Morgan 2,677 9. The Drees Co. 2,536 10 . Villages of Lake-Sumter 2,403 RANK / BUILDER U.S. CLOSINGS
- 13. Biggest Closings Gainers 1. Taylor Morrison Homes 84% 2. MCZ Development 44% 3. Trammel Crow Residential 28% 4. Trend Homes 18% 5. Wood Partners 16% 6. The Mungo Companies 13% 7. The Olson Co. 9% 8. Centrum Properties 8% 9. Rausch Coleman Homes 4% 9 . McBride & Son 4% RANK / BUILDER Percent Gain
- 14. Fastest-Growing Private Company (Based on Three-Year Compound Rate) Highland Homes Plano, Texas
- 18. Average Gross Profit Margins Decline
- 19. Average Net Margins Cut in Half
Editor's Notes
- I hope everyone is having an enjoyable evening. I want to take a few minutes of your time to give you our annual update on consolidation in the home building industry. Every time I come to this event, I can’t help but think back to my earliest Builder 100 events. When I started at Builder in 1995, the top 100 builders had a meager 12 percent market share. It was incredible that an industry could be so large and so thoroughly fragmented. The biggest builder built around 13,000 homes, for a 1 percent market share. Most built about a third of the homes they do today. Very few builders built in more than a couple states. We have much bigger companies leading the field today. But they took quite a set-back in the last year. Bankruptcy ripped through the industry—six companies in last year’s Builder 100 went under. We had reports of foreclosures, over building, a speculative bubble, credit tightening.