In a earlier weblog submit, NAHB analyzed the nationwide knowledge launched by BUILDER Journal. Earlier this month, BUILDER Journal additionally launched Native Leaders knowledge on the highest 10 builders within the high 50 largest new-home markets within the U.S. (rating decided by the variety of single-family permits) (Determine 1). The 2022 knowledge reveals that the highest 10 builders in every of the 50 markets captured at the very least 36.8% of the market share (Kansas Metropolis, MO-KS) and reached as excessive as 95.5% (San Diego-Chula Vista-Carlsbad, CA), with an general common of 73.3%, up from 68.1% in 2021.
Analyzing the map in additional element reveals clusters of metro-markets in Florida, Indiana, Maryland, Ohio, South Carolina, Virginia, and Southern California with extremely concentrated markets. Much less concentrated markets embrace metro areas in Texas and metros within the Midwest area.
Among the many builders, Lennar Corp. and D.R. Horton each had a presence in 42 of the highest 50 metro areas in 2022, adopted by PulteGroup with 33 appearances.
From 2021 to 2022, 44 metro areas noticed a rise of their high 10 builders’ market share whereas solely 3 metro areas noticed decreases. The highest 5 metro areas with the most important will increase have been:
- Portland-Vancouver-Hillsboro, OR-WA (+16.6%)
- Seattle-Tacoma-Bellevue, WA (+15.9%)
- New York-Newark-Jersey Metropolis, NY-NJ-PA (+12.9%)
- North Port-Sarasota-Bradenton, FL (+11.7%)
- Nashville-Davidson–Murfreesboro–Franklin, TN (+11.4%)
The three metro areas that skilled decreases of their high 10 builders’ market share have been:
- St. Louis, MO-IL (-10.4 proportion factors)
- Indianapolis-Carmel-Anderson, IN (-4.3 proportion factors)
- Salt Lake Metropolis, UT (-1.1 proportion factors)
The highest 10 builder market share in St. Louis, MO-IL has skilled decreases for five consecutive years; the metro space reached its peak of 86.8% in 2017 and its market share has since been minimize in half to 42.1% in 2022.
