Housing and Building Products Builders

D.R. Horton $34.3B and Lennar $34.2B are the volume names. PulteGroup $17.3B and NVR $10.3B are the smaller public prints. Homebuilding is 92% of Horton, 94% of Lennar, and 98% of Pulte.

Horton closed 84,863 homes. Lennar delivered 82,583 including unconsolidated entities. Pulte closed 29,572. NVR settled 21,915. These are not the same statistic.

Horton and NVR closed fewer homes. Lennar delivered more. Pulte closed fewer. This is issuer volume, not Census housing starts.

Lennar 13,936 homes / $5.2B. Horton 10,785 / $4.1B. Pulte 8,495 / $5.3B. NVR 8,448 / $4.0B. Year-ends differ, so this is not a same-day snapshot.

Every name on this card printed a larger unit backlog by mid-2026 than at fiscal year-end 2025. Horton 15,983. Lennar 16,818. Pulte 10,966. NVR 10,998.

Pulte $566,000. NVR $460,600. Lennar $391,000 excluding unconsolidated deliveries. Horton $370,400. Mix and incentives, not a quality ranking.

Lennar 1,683 active communities. Pulte average 1,074. NVR average 442. Horton did not print a comparable community count in the filings used here.

Horton net sales orders 23,084, flat with 23,071. Lennar new orders 21,749, down 4%. Pulte 7,536, up 6%. NVR 5,885 versus 5,379. Fiscal quarters are not aligned.