Public Home Builders Make Up Largest Share of the Market
Giant home builders are eating up market share, with publicly traded builders acquiring the most housing lots
Dec. 11, 2024
Image: Dimitar / stock.adobe.com
Large, publicly-traded homebuilders ate up a majority of the market share in Q3 2024.
When it comes to improving the nationwide housing shortage, it’s important to know who is building new homes and where they are being built. According to the ResiClub blog, public builders dominated the marketplace in Q3 2024, purchasing 66% of finished lots. Comparatively, in 2019, public home builders made up just 37% of the market share. This was followed by private builders at 28%. Build-to-rent buyers also accounted for 5%, showing that they are here for the long haul, while investors made up the smallest share at just 2%.
Built-to-rent is here to stay. Nationally, 5% of finished lots last quarter were bought to be used for built-to-rent developments. The highest share was in Florida (9%) and the Southeast (9%). (It’s possible, of course, that some of the other buyers will also end up using the lots for built-to-rent, meaning the actual percentage could be even higher).Read more
