After the Deluge: New Growth
Maybe new home builders have always been young.
But, they sure seem a lot younger these days.
At least anecdotally, it appears that many older, established new home builders got out of the business following the collapse in new home construction starting in 2006.
As new home construction has picked up the last 12-18 months, smaller and younger operators have entered the business.
The result is a “post-forest fire” landscape populated by lots of new growth “saplings,” plus a few, stalwart giants such as Lennar, Pulte, and D.R. Horton, who were able to survive the conflagration by dint of their sheer size.
