Every May, Builder magazine releases its ranking of the top 200 single-family home builders in the U.S. based on closings of homes built for sale and for rent.
This year, most of the top 10 home builders have retained their positions on the Builder 100 or remained close. However, Salt Lake City, Utah-based SH Residential Holdings — the U.S. subsidiary of Japanese home builder Sekisui House — moved from No. 20 on the 2024 Builder 100 to No. 6 in 2025 after completing its acquisition of M.D.C. Holdings in April 2024, pushing Clayton Properties Group out of the top 10.
Here’s how the list’s top 10 builders performed in the past year. To compare against last year’s numbers, see our 2024 coverage.
1. D. R. Horton
2024 revenue: $33.8 billion
2024 closings: 93,311 (including 3,902 build-to-rent homes)
Regions: Northeast, Midwest, South, West
Company fact: D.R. Horton remains on the top of the Builder 100 list for the 23rd year in a row, and has moved up to No. 5 on the National Multifamily Housing Council’s Top 25 Developers list, with 4,590 units started in 2024. Its single-family build-to-rent completions are down by almost 2,000 from the previous year.
2. Lennar Corp.
2024 revenue: $33.8 billion
2024 closings: 80,210 (including 1,005 condos)
Regions: Northeast, Midwest, South, West
Company fact: Quarterra, formerly known as Lennar Multifamily, made the NMHC Top 25 Developers list at No. 22, with 1,628 units started in 2024. The brand sold off two of its property portfolios in 2024 — a $2.1 billion sale to KKR in June and a sale to QuadReal Property Group in September for an undisclosed price.
3. PulteGroup
2024 revenue: $17.3 billion
2024 closings: 31,219
Regions: Northeast, Midwest, South, West
Company fact: Bill Pulte, director of the Federal Housing Finance Agency, is the grandson of William Pulte, founder of PulteGroup. He served on the company’s board of directors between 2016 and 2020.
4. NVR
2024 revenue: $10.3 billion
2024 closings: 22,836
Regions: Northeast, Midwest, South
Company fact: NVR operates both mortgage and settlement and title services for buyers through its NVR Mortgage and NVR Settlement divisions.
5. Meritage Homes
2024 revenue: $6.3 billion
2024 closings: 15,611
Regions: South, West
Company fact: Meritage has partnered with Operation Homefront’s Permanent Homes for Veterans program for 12 years, donating mortgage-free homes to military veteran families.
6. SH Residential Holdings
2024 revenue: $8.1 billion
2024 closings: 14,860
Regions: Northeast, Midwest, South, West
Company fact: SH Residential Holdings’ 2024 acquisition of M.D.C. Holdings was valued at $4.9 billion. The builder also operates Woodside Homes, Holt Homes, Chesmar Homes and Hubble Homes in the U.S.
7. KB Home
2024 revenue: $6.9 billion
2024 closings: 14,169
Regions: South, West
Company fact: KB Home’s Dixon Trail community in Escondido, California, is the first new home development in the country to be built to the Insurance Institute for Business & Home Safety’s home- and neighborhood-level wildfire resilience standards.
8. Taylor Morrison
2024 revenue: $7.8 billion
2024 closings: 12,896
Regions: Midwest, South, West
Company fact: Three years after its launch, Taylor Morrison’s Yardly build-to-rent brand has expanded to 35 communities — 15 leasing and 20 in progress — across nine markets in four states, according to the brand’s website.
9. Century Communities
2024 revenue: $4.4 billion
2024 closings: 11,007
Regions: Midwest, South, West
Company fact: Homes in Century Communities’ Century Complete brand are available for purchase entirely online.
10. Toll Brothers
2024 revenue: $10.6 billion
2024 closings: 10,813
Regions: Northeast, Midwest, South, West
Company fact: The builder’s multifamily arm, Toll Brothers Apartment Living, recently sold The Kendrick in Newton, Massachusetts, to Norfolk, Virginia-based real estate investor and manager Harbor Group International for $182 million.
