According to new survey results released by Housing First Minnesota, Lennar secured its position as the Twin Cities’ largest homebuilder. The company has held the number one spot every year since 2006.
The rankings are determined by annual gross revenue reported by participating builders for for-sale housing units. In 2024, the Top 25 homebuilders collectively generated $3.6 billion in gross revenue and delivered a total of 6,580 housing units. Of those, 4,933 were single-family homes, while 1,647 were townhomes or multifamily residences.
Lennar led the pack with over $1 billion in gross revenue. The company closed 1,383 single-family homes and 808 multifamily units, totaling 2,191 homes sold in the 2024 calendar year.
“We have an incredible group of builders in the Twin Cities who are building and shaping the places we call home,” said James Vagle, CEO of Housing First Minnesota. “Their dedication to building safe, long-lasting homes makes homeownership possible for more Minnesotans.”
Lennar Division President Bill Burgess credited the company’s success to its customer-focused mission. “At Lennar, we are committed to making homeownership a reality for all Minnesota families. Our focus has been building great homes in the neighborhoods and school districts that matter most,” said Burgess. “We are proud that every year, for the past 19 years, more Minnesota families put their trust in Lennar to help them achieve the dream of owning a new home.”
Rounding out the top 10 homebuilders for 2024 were:
- D.R. Horton, Inc. – Minnesota – $449 million in revenue, 893 units closed
- M/I Homes – $379 million in revenue, 778 units
- Pulte Homes of Minnesota, LLC – $358 million in revenue, 651 units
- Robert Thomas Homes, Inc. – $166 million in revenue, 233 units
- Capstone Homes, Inc. – $160 million in revenue, 366 units
- Hanson Builders, Inc. – $152 million in revenue, 136 units
- Gonyea Homes, Inc. – $129 million in revenue, 162 units
- Creative Homes, Inc. – $127 million in revenue, 197 units
- Eternity Homes, LLC – $72 million in revenue, 88 units
The rankings reflect data submitted by participating companies and verified to the best of their ability. Commercial builders focusing on rental or senior housing were not included in the list.