D.R. Horton was the homebuilder with the highest gross revenue in the United States in 2024. The Texas-based company reached a homebuilding revenue of 33.83 billion U.S. dollars. It was closely followed by D.R. Horton, which had its headquarters in Florida and generated a revenue of 33.78 billion U.S. dollars. Challenges to the residential construction marketThe number of private housing units started fell around the time of the global financial crisis (2007-2009), but has since recovered – though not to the heights of 2006. The value of residential construction in the U.S. fell in 2023, but it is expected to start growing again in the next years.New home sales follow the same trend After a fall in the number of new houses sold in 2021 and 2022, home sales have increased again, with those figures in the U.S. expected to reach 683,000 in 2024. The number of single-family homes started has followed a similar trend, and it is expected to increase in the next couple of years.

D.R. Horton was the homebuilding company with the largest share of single-family home closings in the United States in 2023. The two largest U.S. homebuilders, D.R. Horton and Lennar Corp., accumulated 24.6 percent of the closings that took place throughout the whole country that year. The third company with the largest market share was PulteGroup, but it was at an important distance from the two leading firms.

With almost 37.5 thousand units sold in the fiscal year 2023, ******************** recorded the highest unit sales among the leading homebuilders in Japan. ************* ranked second with approximately 34.2 thousand units sold during that fiscal year. Housing construction in JapanThe number of housing starts in Japan has fluctuated between about *** and *** thousand per year in the past decade. Japanese consumers are known for their preference for new properties, and low interest rates have created a favorable environment for home buyers in the past decades. As a result, Japan's housing stock keeps growing and has already surpassed the number of households in the country.Industry faces population declineIt is expected that the Japanese population will fall from ***** million in 2023 to around *** million by 2050. As Japan’s population continues to shrink and the country’s leadership remains comparably strict on immigration, further depopulation of rural areas will lead to more and more homes becoming vacant. Already today, Japan has several million unoccupied homes. The demographic change is likely to impact the supply side as well, as fewer young people will enter the construction industry, thus increasing the already apparent shortage of workers.

The first six entries in the ranking of the 100 largest construction firms worldwide in 2023 had their headquarters in China. The combined revenue of the Chinese companies included in the list was higher than that of all other firms combined. CSCEC - China State Construction Engineering Corporation Ltd. - generated *** billion U.S. dollars worth of revenue in 2023. When construction companies were compared based on market capitalization, however, France's Vinci dominated the construction market in the past years. Global Construction Industry There are many types of construction sectors that are considered part of the industry. Building, engineering, specialty construction and planning and development are a few sectors that comprise this booming industry. A large construction company like Vinci generated over half of its revenue from its energy segment, which is focused on the design, construction, operation, and maintenance of infrastructure, as well as on providing other related services. In general, China and Europe were the regions with the largest construction contractors by revenue. Construction Workers One of the most important aspects of construction is the workers and laborers that manage the industry on-the-ground. Hourly labor costs for construction industry workers are highest in the United States and Japan. In the U.S., weekly earnings of construction workers have increased dramatically since 1965, indicating their value to society and the industry.

With revenue figures of over ** billion U.S. dollars in 2023, the Turner Corporation was ranked the leading construction contractor in the United States. In this ranking, Bechtel ranked third, while Kiewit Corp. ranked second. Meanwhile, the Fluor Corporation, a company on which we have a report, fell to eighth place in the list.

With revenue figures of nearly 9.5 billion U.S. dollars in 2023, DPR Construction was the largest construction contractor in the state of California. In 2021, AECOM a large construction company moved its headquarters to Texas, which is the reason why it does not show in this list. In total, 2 California-based construction companies made it to the list of largest construction firms for the United States.

Between 2021 and 2022, Barratt Developments was the company with the largest housing turnover in the United Kingdom. Taylor Wimpey was the second company in the ranking, with a housebuilding revenue of *** billion British pounds. In fourth place, Bellway generated a revenue of *** billion British pounds in 2022. However, that only refers to the turnover that those companies generated from housing activities. What is the outlook for the UK's home construction market? Although housing construction was expected to stagnate in 2024, over the coming years the number of homes built is expected to rise at a quick pace. The projected growth of housing starts in the UK is anticipated to be **** percent higher in 2028 than in 2024. A rise in construction starts would be a good sign for the market, as there is a high demand for housing which, along with other factors, has fostered increasingly higher house prices in the UK during the past years. Who are the leading home builders in the U.S.? The market size of the home building industry in the United States is even bigger than in the UK. In 2023, Miami-based Lennar Corp. and the Texas-based D.R. Horton were the largest homebuilders in the U.S. with a revenue of over ** billion U.S. dollars. Other builders, such as PulteGroup, Toll Brothers, and NVR were also prominent players in the residential construction industry, with much higher revenue figures than their UK counterparts. The value of new residential construction in the U.S. rose significantly from 2019 to 2022 despite the COVID-19 pandemic, reaching about *** billion U.S. dollars. However, the market is expected to decrease until 2025, which could impact the revenues of these home builders.

D.R. Horton was the leading homebuilder company in the United States based on the number of closings in 2023. Some of the other companies in the highest positions of the ranking that year were Lennar Corp. with approximately 73,100 closings, PulteGroup with around 28,600 closings, and NVR with 20,700 closings.

The state of New York was home to some of the largest construction firms in the United States in 2023, with the Turner Corp. generating a revenue of 17 billion U.S. dollars. That revenue made it the largest construction contractor in the United States as a whole. Sto Building Group Inc. had a revenue of 11 billion U.S. dollars and ranked second in the New York State.

Two companies from Boston and one from Milford were among the most profitable construction contractors in Massachusetts in 2023. With revenue figures of more than 5.5 billion U.S. dollars, Suffolk Construction Co. Inc. was also one of the largest construction firms in the United States as a whole.

Bechtel was the construction company in the United States with the highest value of new contracts in 2023. The Turner Construction Company, a firm headquartered in New York, was the second company in the ranking, it had new contracts valued at nearly ** billion U.S. dollars that year. Statista has a dedicated topic page about the Fluor Corporation that had over ** billion U.S. dollars. Industry building step by step A ranking based on the revenue of the largest construction firms in the United States showed that the Turner Corporation had the highest revenue. Turner's main activities include the construction of commercial and other non-residential buildings, infrastructure, and green buildings. The value of new industrial building construction in the U.S. is expected to decrease in 2023. Turner’s New York foundations Turner is an international construction services company founded in New York in 1902. The firm has worked on a number of projects across North America, notably constructing Madison Square Garden in 1962 and completing a full-scale renovation of the facility between 2010 and 2013. In turn, the Madison Square Garden Company generated an annual revenue of over *** million U.S. dollars in 2020. Turner is committed to sustainable building practices and has been a member of the U.S. Green Building Council since 1997. Nowadays, the Turner Corporation is a subsidiary of the German-based construction company Hochtief, a company for which Statista has another topic page.

In Washington state, the construction with the highest revenue in 2023 was BN Builders Inc. that made well over one billion U.S. dollars. Goodfellow Bros. and Lease Crutcher Lewis were the next companies in the ranking. Nevertheless, no company from this particular U.S. state was among the 50 largest construction firms for the United States.

In 2023, the three largest construction companies in terms of revenues in Poland were respectively *************, *************, and **********. Construction market in Poland In 2022, the construction market’s value in Poland amounted to *** billion zloty. This value increased by nearly *** percent in 17 years. However, the construction sector has stagnated. Since March 2022, the construction and assembly production value has steadily declined. Several factors contributed to this situation. The residential construction sector saw a decline in interest in buying apartments; consequently, the supply of flats also fell. This situation was also not influenced by the rapid influx of immigrants from Ukraine and their demand to buy an apartment. Indeed, demand for rentals increased significantly during this period. Another factor negatively affecting the development of the construction industry was inflation and soaring construction costs. Between March and June 2022, the price of construction materials rose by more than ** percent. Revenue comparison of different real estate development companies In 2021, Dom Development Capital Group, followed by Atal and Echo Investment, was the leading development company in Poland in terms of revenues. In 2021, Dom Development generated nearly *** billion zloty in revenue. The company achieved a net profit of over *** million zloty, decreasing by **** percent over the previous year. Following is Echo Investment company which generated revenue of over *** billion zloty. The company achieved a net profit of over *** million zloty, increasing by **** percent over the previous year. Furthermore, Atal company generated revenue of over *** billion zloty, which is the most among the other mentioned companies. The company achieved a net profit of over *** million zloty, increasing by ** percent over the previous year.

Bartlon Malow Holdings had the highest revenue of all Michigan-based construction firms in 2023. Four companies in the Midwestern state had a turnover that was over one billion U.S. dollars. Despite that, only Bartlon Malow Holdings and Walbridge were among the largest construction firms for the United States.

Mastec Inc., a construction firm from Coral Gables in Florida, had over 12 billion U.S. dollars in revenue in 2023. This made it the largest earner among Florida’s construction contractors that year and made it into a ranking of the 50 largest construction firms in the United States. The second in the rank was Fort Lauderdale's Moss with more than 3 billion in revenue in 2023. Five construction firms in the state had a turnover over one billion U.S. dollars.

The Whiting-Turner Contracting Co. was Maryland's construction contractor with the highest revenue in 2023. With a revenue of more than 11 billion U.S. dollars, the Baltimore-based company was among the largest construction firms in the United States. Other years, Clark Construction, with headquarters in Bethesda was the second company in the ranking, but this year it was not included in the list.

Five construction firms in Missouri had a revenue of over three billion U.S. dollars in 2023. With revenue figures of over 6.5 billion U.S. dollars, Arco Construction Cos. ranked as the state's leading construction contractor in Missouri. JE Dunn Construction Group and McCarthy Holdings Inc. came in second and third place respectively, also with a revenue of six billion U.S. dollars. The three of them were among the largest construction firms in the United States.

Phillips Infrastructure Holdings was the largest earning construction contractor in the state of Tennessee in 2023 with a revenue of 736 million U.S. dollars. After that, the second-largest company was H&M Co. Inc. The state of Tennessee, however, had no companies among the largest construction contractors in the United States.

In 2022, Marval Holding S.A.S. was the leading residential building construction company in Colombia, followed by Amarilo SAS. Both of these companies had a revenue of over a billion Colombian pesos. Marval Holding was also one the leading construction company in Colombia overall that year.

******************** led the rankings in terms of the largest construction company by market capitalization in the United Kingdom as of October 11, 2024. The residential property development company reached a market capitalization of nearly **** billion U.S. dollars. Other notable companies in the sector were Taylor Wimpey and Persimmon, with market caps amounting to **** billion and *** billion U.S. dollars, respectively.