Nation’s top homebuilders, such as Lennar, KB, Century bullish on more Phoenix metro land buys

5/28/2024

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Phoenix Business Journal

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• Subcategory: Land: Housing

• Tag: Strategy

• Additional Filters-Subcategory: Land: Lots, Land: Single Family

• Company: Lennar Corp. (NYSE: LEN), KB Home (NYSE: KBH), Century Communities Inc. (NYSE:CCS)

Many of the nation's largest homebuilders are bullish on land buys and home construction in metro Phoenix at a time when home prices are on their way back up. Miami-based Lennar Corp. (NYSE: LEN), ranked as the second largest homebuilder in the nation on the 2024 Builder 100 List by Zonda, currently has 46 active communities in metro Phoenix. The national list ranks by home closings. The homebuilder's Phoenix division had approximately 2,700 closings in metro Phoenix in 2023, which would have put the Phoenix division as the 35th largest homebuilder in the nation.