For the eighth year in a row, Lennar Corp. was Minnesota's biggest home builder, according to annual survey by the Builders Association of the Twin Cities (BATC).
The Miami, Florida-based company reported gross revenues of $224 million and built 434 single family and 98 multi-family homes (532 total) during 2013. Lennar outpaced the second-ranked builder, Pulte Homes of Minnesota, by 70 percent.
Bill Burgess, Minnesota Division president, reacts: “At Lennar, our focus is on our homeowners and their families, and I believe that’s the Lennar difference. That’s why our home buyers have enabled us to be the Twin Cities number-one home builder,” he said.
Historically the Twin Cities was a market dominated by home-grown, locally owned companies, but over the past decade that's changed. All of the top five ranked builders last year were national firms with corporate offices located outside of Minnesota. Here are the other top companies by volume:
- Pulte Homes of Minnesota had $131 million in revenues and built 274 units.
- D.R. Horton-Minnesota had almost $121 million in revenue and built 289 units.
- Ryland Homes - Twin Cities Division had $117 million in revenues and built 345 units.
- Mattamy Homes had $99 million in revenue and built 300 units.