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The Public Home Builders Council of America was recently formed, bringing together the interests of 13 of the top public building companies. These publicly traded companies vary from the typical small builder in that they are run like corporations and have to answer to boards and stockholders. These 13 builders were responsible for construction of over 20% of the market share in 2003. Projections estimate a market share of 35% - 40% for public builders by 2030. There are advantages for these public builders. Their larger purchasing power helps offset wild short term price fluctuations in building materials. Additionally, they have the resources to buy available land and the patience to work through increasingly complex planning and approval processes necessary for development. The public building companies are better insulated against downturns in the real estate market because they have a broad geographic range and host of products offered, from homes for first time buyers to luxury home buyers, to senior living.
For more information about public home builders, visit www.phbca.org.
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