Results from an annual survey by Housing First Minnesota show that Lennar – Minneapolis/St. Paul was the region’s top-ranked builder once again in 2019. 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 $2.3 billion in gross revenue and 5,018 housing units. Of those housing units, 4,145 were single-family homes and 884 were townhomes or multifamily units. Lennar reported gross revenue at $646,460,159 for 1,094 single-family homes and 429 multifamily homes closed in the 2019 calendar year.
“Our housing market is fortunate to have a long list of great builders that create safe, durable, and beautiful communities for Minnesota families to live in and call home,” said David Siegel, executive director of Housing First Minnesota. “These builders not only create housing, but they create thousands of jobs in our communities.”
“It’s our honor to be ranked as the Twin Cities top homebuilder for the 14th year in a row. We want to thank every one of our current homeowners for trusting Lennar to build their families’ dream home. More now than ever before, we know it’s one of the most important decisions a family can make,” said Bill Burgess, division president of Lennar Minnesota. “Together, Lennar and our trade partners are ready for another year of helping Minnesota families make their dream of owning a home come true.”
In addition to Lennar, the top 10 homebuilders were D.R. Horton, Inc with over $264 million in revenue and 655 housing units closed; Pulte Homes of Minnesota, LLC with over $221 million in revenue and 493 housing units closed; M/I Homes with revenue of $217 million and 499 units; Robert Thomas Homes, Inc. at $132 million and 220 units; Hanson Builders, Inc. with $116 million and 177 units; Gonyea Homes, Inc. with $104 million and 114 units; Capstone Homes, Inc. with $103 million and 242 units; Creative Homes, Inc. with $72 million in revenue and 141 total closed units; and Key Land Homes with $41 million in revenue and 91 units.
