Developers and builders: profiles

Public. Says it is the largest U.S. homebuilder by homes closed.

84,863 homes at an average $370,400; also No. 3 on NMHC’s 2026 apartment developer list.

Private. Developer, investment manager and property manager, founded 1957.

Self-reports $90.9B AUM, 105.2M sq ft of third-party property services and a presence in 29 countries.

Public. Moved to a ‘land-light’ model and spun off land to Millrose in 2025.

82,583 deliveries at an average $391,000, down from $423,000; gross margin on home sales fell to 17.7%.

Public. Builds as Ryan Homes, NVHomes and Heartland Homes; generally does not develop land.

Buys finished lots under purchase agreements instead of owning land; controlled about 180,100 lots at year-end.

Public. Brands include Centex, Pulte Homes, Del Webb, DiVosta and John Wieland.

Average price $566,000 and a 26.3% home-sale gross margin; 22% of closings went to active-adult (Del Webb) buyers.

Private. Developer of Hudson Yards; large affordable housing owner.

NMHC counts 58,483 of its 80,720 owned units as subsidized, so most of its apartments are affordable housing.

Public. Luxury builder; City Living high-rise condos and Apartment Living rentals.

63% of fiscal 2025 deliveries had a base price of $750,000 or more; 5% were over $2 million.

Subsidiary of CBRE; development line of CBRE’s Real Estate Investments segment.

CBRE says TCC has been the largest U.S. commercial real estate developer for more than a decade (company claim).

Private. A different company from CBRE’s Trammell Crow Company.

No. 7 on NMHC’s 2026 developer list, up from No. 13; No. 11 builder; No. 43 owner.