Results from a recent survey by Housing First Minnesota show that Lennar – Minneapolis/St. Paul was the region’s top-ranked builder once again in 2020. Lennar has held the top spot since 2006. Rankings are based on annual gross revenue as reported by respondents for for-sale housing.
Together the Top 25 Builders accounted for $2.7 billion in gross revenue and 5,822 housing units in 2020. Of those housing units, 5,031 were single-family homes and 791 were townhomes or multifamily units. Lennar reported gross revenue at $699,303,000 for 1,514 single-family homes and 326 multifamily homes closed in the 2020 calendar year.
“Twin Cities residents are fortunate to have a large group of talented builders to choose from when looking for their new homes,” said David Siegel, executive director of Housing First Minnesota. “In a challenging year these builders have adapted and overcome supply, labor and regulatory cost barriers to bring much-needed new housing inventory to our region.”
“With the impact of the COVID-19 pandemic this past year, we have all realized the increased importance that our homes and neighborhoods have on our families’ lives. We thank all of our homeowners for continuing to make Lennar the number one homebuilder in the Twin Cities for the 15th year in a row,” said Bill Burgess, Lennar division president.
In addition to Lennar, the top 10 homebuilders were D.R. Horton, Inc. with over $328 million in revenue and 783 housing units closed; M/I Homes with over $292 million in revenue and 689 housing units closed; followed by Pulte Homes of Minnesota with revenue of $248 million and 525 units; Robert Thomas Homes, Inc. at $149 million and 228 units; Hanson Builders, Inc. with $141 million and 210 units; Capstone Homes with $129 million and 323 units; Gonyea Homes, Inc. with $105 million and 125 units; and Creative Homes, Inc. with $105 million and 220 units closed.
Rankings are based on information provided by survey respondents. Each company has verified information to the best degree possible. Commercial construction firms building rental or senior housing were not included in this ranking.