Buying a home in the USA often starts with a question: who actually builds the communities and houses people are looking at? The answer includes a mix of national homebuilders, luxury developers and companies that also work in land development, mortgage services and rental housing.
The U.S. Residential property development market is much broader than real estate projects. Large developers acquire land plan communities, build homes and sometimes provide financing or other services connected with home ownership. Some focus on entry-level homes while others are better known for luxury properties or move‑up buyers.
This list of the Top 10 Property Developers in the USA looks mainly at developers and homebuilders with substantial operations, across the country. The ranking considers FY2025 reported revenue number of homes delivered or closed, geographic reach and the scale of their operations. It is not a ranking of which company offers the “homes, since prices, locations and buyer requirements vary widely.
1. Greystar
Greystar stands out in the U.S. Property development market because it does not focus on building homes for sale. Instead it centers on housing and multifamily real estate. This approach sets it apart from homebuilders.
| Founded: 1993 |
| Headquarters: Charleston, South Carolina, USA |
| Latest Revenue: Not publicly disclosed |
| Latest Net Income/PAT: Not publicly disclosed |
| Main Products/Services: Multifamily development, rental housing, property management, investment management and residential communities |
The company started with around 9,000 units in the U.S.. Has since expanded dramatically. Today, Greystar. Operates over $300 billion in real estate around the world. According to its 2025, information Greystar is the apartment operator in the United States handling more than one million units and beds globally.
Its business spans three areas: development, investment management and property management. This means the company can take a project from the planning and funding stage all the way through to running the rental communities. It gives Greystar control and influence over the life cycle of each property.
Because it does not share financial reports like typical public companies, its true size and reach are better shown through its real estate portfolio. Looking at the scale of its assets. The number of units it manages gives a clearer picture of its position in the industry than relying on revenue numbers alone.
2. Taylor Morrison
Taylor Morrison is a homebuilder and land developer with a wide range of communities. It helps buyers in different market segments instead of just focusing on luxury or entry-level homes.
| Founded: 2007 |
| Headquarters: Scottsdale, Arizona |
| Latest Revenue: FY2025 – $8.12 billion |
| Latest Net Income: FY2025 – $782.5 million |
| Main Products/Services: New homes, residential communities, land development and financial services |
Taylor Morrison had $8.12 billion in revenue for 2025, including $7.76 billion from home closings. The company also had 78,835 homebuilding lots owned and controlled at the end of the year.
Its communities are in U.S. Markets and its portfolio includes the Taylor Morrison and Darling Homes brands. It also uses the William Lyon Homes name in some areas.
The company’s size, land position and presence in housing segments make it one of the bigger residential developers in the country.
3. Toll Brothers
For buyers looking at higher‑priced homes Toll Brothers is a name that frequently appears in the U.S. Market. The company has built its identity around luxury housing while also expanding into types of residential communities.
| Founded: 1967 |
| Headquarters: Fort Washington, Pennsylvania |
| Latest Revenue: FY2025 – $11.0 billion |
| Latest Net Income: FY2025 – $1.35 billion |
| Main Products/Services: Luxury homes, residential communities, land development and related home services |
Toll Brothers operated in 24 states and the District of Columbia at the end of 2025. During the year, it delivered 11,292 homes while home sales revenue reached $10.84 billion.
The company’s communities range from suburban developments to master‑planned and luxury communities. It also operates businesses connected with architecture, engineering, mortgage, title, landscaping and smart‑home technology.
That wider setup gives Toll Brothers a place among the U.S. Developers even though its annual home volume is considerably lower than the largest mass‑market builders.
4. Dominium
Dominium has a history in the U.S. Multifamily housing. The company was founded in 1972. Has developed its business around apartments, affordable housing and property management. Public company information lists its headquarters in Plymouth, Minnesota.
| Founded: 1972 |
| Headquarters: Plymouth, Minnesota, USA |
| Latest Revenue: Not publicly disclosed |
| Latest Net Income/PAT: Not publicly disclosed |
| Main Products/Services: Multifamily development, affordable housing, property management, acquisitions and rental communities |
The company is particularly relevant when looking at workforce housing rather than only high-priced residential developments. Its work includes developing, acquiring and managing apartment communities, across the United States.
Dominium has also been involved in housing for decades. Earlier public records described its beginnings in Section 8 housing before the company expanded into market-rate and luxury apartments and later into the acquisition and rehabilitation of properties.
Unlike traded homebuilders Dominium does not provide a comparable current annual revenue figure in a public filing. Its development history and apartment portfolio are therefore useful measures of its position.
5. Wood Partners
Wood Partners is one of the interesting names in the U.S. Multifamily development market because its business is focused almost entirely on residential communities rather than a broad collection of unrelated property types.
| Founded: 1998 |
| Headquarters: Atlanta, Georgia, USA |
| Latest Revenue: Not publicly disclosed |
| Latest Net Income/PAT: Not publicly disclosed |
| Main Products/Services: Multifamily development, construction, acquisitions, residential communities and asset management |
Founded in 1998 the Atlanta-based company develops, constructs and owns communities across the United States. Its portfolio includes the Alta apartment brand, with communities ranging from garden-style developments to urban and high-density projects.
The company said in 2025 that it had been involved in the development and acquisition of more than 110,000 multifamily homes representing approximately $23 billion in combined capitalization. It also reported more than 80 properties representing around 25,000 homes.
Wood Partners does not publicly disclose revenue, with listed homebuilders. Its development track record and multifamily footprint provide a way to understand its scale.
6. KB Home
KB Home has been building homes in the U.S. For a time and is well known for letting customers change parts of their new homes. It works in major housing markets across the country.
| Founded: 1957 |
| Headquarters: Los Angeles, California |
| Latest Revenue: FY2025 – $6.24 billion |
| Latest Net Income: FY2025 – $428.8 million |
| Main Products/Services: New homes, residential communities and mortgage-related services |
KB Home built 12,902 homes during fiscal 2025. Its total revenue was $6.24 billion and net income was $428.8 million.
The company has always focused on building homes that can be changed by buyers offering choices in design and features. It also has a mortgage banking venture that helps its homebuyers.
KB Home is a company in the U.S. Residential market especially for people who are looking at large builders that mix standard construction with buyer choices.
7. Meritage Homes
Meritage Homes has done well by focusing on move-in-ready homes and affordability. It is also known for its focus on energy- home features.
| Founded: 1985 |
| Headquarters: Scottsdale, Arizona |
| Latest Revenue: FY2025 – $5.82 billion |
| Latest Net Income: FY2025 – $584.6 million |
| Main Products/Services: New homes, residential communities, land development and financial services |
Meritage closed 15,026 homes during 2025. Had about $5.82 billion in closing revenue including home and land sales. The company spent about $1.9 billion on land acquisition and development during the year.
Its all-spec strategy means many homes are built before being sold or being built only after a buyer orders them. This method helps reduce the time between buying and moving in.
With more than 15,000 home closings in 2025 Meritage is smaller than the top national builders but is still a major U.S. Residential developer.
8. M/I Homes
M/I Homes is not as big in revenue as D.R. Horton or Lennar. Its long history and large housing activity make it part of this ranking.
| Founded: 1976 |
| Headquarters: Columbus, Ohio |
| Latest Revenue: FY2025 – $4.42 billion |
| Latest Net Income: FY2025 – $402.9 million |
| Main Products/Services: New homes, residential communities and financial services |
The company built 8,921 homes in 2025. Had about $4.42 billion in total revenue. Its homebuilding business made $4.29 billion of that amount.
M/I Homes works in U.S. Markets and builds different types of single-family homes and communities. It also has a financial services business that offers mortgage-related services to customers.
Its 2025 results were lower than the year but the company still had a large residential business. For people looking beyond the national builders M/I Homes shows another example of an established regional-to-national developer.
9. Century Communities
Century Communities ends the list with a business that mixes traditional homebuilding with development and financial services.
| Founded: 2002 |
| Headquarters: Greenwood Village, Colorado |
| Latest Revenue: FY2025 – $4.12 billion |
| Latest Net Income: FY2025 – $147.6 million |
| Main Products/Services: New homes, multifamily housing, land development and financial services |
Century Communities had $4.12 billion in total revenue in 2025. It built 10,792 residential units, including 10,387 new homes.
An interesting part of its business is Century Living, its operation. In 2025 the company built a 300-unit community for $97.2 million. This gives Century Communities a bit more variety than a company that only builds single-family homes.
Its size is smaller than the national builders but its mix of new-home construction and multifamily development makes it important in the broader U.S. Property market.
10. Hillpointe
Hillpointe is younger than companies on this list but its focus makes it relevant to the changing U.S. Housing market. Founded in 2018 the company operates as an integrated multifamily development, construction and management firm.
| Founded: 2018 |
| Headquarters: Winter Park, Florida, USA |
| Latest Revenue: Not publicly disclosed |
| Latest Net Income/PAT: Not publicly disclosed |
| Main Products/Services: Multifamily development, construction, investment management and attainable housing |
The company has been developing communities across the Sun Belt with projects in states including Florida, Georgia, South Carolina, North Carolina, Tennessee, Arizona and Colorado. Its portfolio currently lists dozens of communities including Pointe Grand properties designed around rental housing.
Hillpointe’s approach is particularly focused on providing housing in growing markets where demand for attainable apartments remains strong. Its business combines development, construction and management of relying on just one part of the property-development process.
As a company Hillpointe does not publish a comparable annual revenue figure. Its expanding portfolio and geographic footprint are useful indicators of its current position.
Top 10 Property Developers in USA: Comparison
| Rank | Company | Founded | Latest Revenue | Main Products/Services |
| 1 | Greystar | 1993 | Not publicly disclosed | Multifamily development, rental housing, property management |
| 2 | Taylor Morrison | 2007 | FY2025 – $8.12B | New homes, residential communities, land development |
| 3 | Toll Brothers | 1967 | FY2025 – $11.0B | Luxury homes, residential communities, land development |
| 4 | Dominium | 1972 | Not publicly disclosed | Affordable housing, apartments, multifamily development |
| 5 | Wood Partners | 1998 | Not publicly disclosed | Multifamily development, construction, residential communities |
| 6 | KB Home | 1957 | FY2025 – $6.24B | New homes, residential communities, mortgage services |
| 7 | Meritage Homes | 1985 | FY2025 – $5.82B | New homes, residential communities, land development |
| 8 | M/I Homes | 1976 | FY2025 – $4.42B | New homes, residential communities, financial services |
| 9 | Century Communities | 2002 | FY2025 – $4.12B | New homes, multifamily housing, land development |
| 10 | Hillpointe | 2018 | Not publicly disclosed | Multifamily development, construction, attainable housing |
What Should You Check Before Choosing a Real Estate Company?
Choosing a real estate company is more than looking at the size of the real estate company or the name of the real estate company. The first thing to check is the type of property that a real estate company develops. If the real estate company focuses on luxury homes the real estate company may not suit someone who is looking for an apartment or a first home.
Location is equally important for the real estate company. Check the real estate company’s projects in the area facilities, transport links and the overall condition of the community. Buyers should also compare property prices, construction specifications, expected completion dates, warranties and maintenance arrangements for the real estate company.
For multifamily properties, factors such as property management, amenities, lease terms and the condition of common areas can also matter for the real estate company. It is useful to review the real estate company’s projects and available public information before making a decision about the real estate company.
The size of the real estate company can provide context but the actual property and its suitability for your needs should remain the main focus when choosing a real estate company.
Conclusion
The U.S. Property development market includes real estate companies that have different business models. Some real estate companies have built their businesses around residential communities while other real estate companies focus heavily on apartments, rental housing, affordable homes or luxury properties. Private real estate companies such as Greystar, Dominium, Wood Partners and Hillpointe also show how much of the market extends beyond listed homebuilders.
For buyers and investors there is no real estate company that suits every situation. Location, property type, price, construction quality, services, financing and long-term requirements should all be considered before making a property decision about the real estate company.
Frequently Asked Questions
1. What are the top property developers in the USA?
Some of the property developers in the USA include Greystar, Taylor Morrison, Toll Brothers, Dominium, Wood Partners, KB Home, Meritage Homes, M/I Homes, Century Communities, and Hillpointe. These property developers do not all follow the same business model, with some focusing on multifamily rental housing and others focusing on new residential homes.
2. Which real estate company is the property developer in the USA?
There is no single answer because property developers can be measured by revenue, homes built, apartments managed, assets, development pipeline, or geographic presence. Real estate companies such as Greystar have a large multifamily platform, while large publicly traded homebuilders operate at substantial residential construction volumes.
3. What does a property developer do?
A property developer can acquire land, plan a project, arrange financing, oversee construction, and eventually sell or operate the completed properties. Depending on the real estate company, development may include single-family homes, apartments, affordable housing, luxury communities, rental properties, or mixed-use projects.
4. Is Greystar a property developer?
Yes. Greystar operates across areas of real estate, including multifamily development, investment management, and property management. Greystar’s business is strongly focused on multifamily housing, making it different from traditional homebuilders that mainly construct houses for individual buyers.
5. What is Dominium known for?
Dominium is particularly associated with housing and affordable housing development. Dominium develops, acquires, and manages apartment communities in the United States. Its portfolio includes properties aimed at different income groups, with affordable housing forming an important part of its business.
6. What does Wood Partners develop?
Wood Partners focuses mainly on residential properties. Its development activities include apartment communities across U.S. markets, with the company also involved in construction, acquisitions, and asset management. Wood Partners’ Alta brand is used for a number of its apartment communities.
7. Is Hillpointe a real estate developer?
Yes. Hillpointe is a U.S. real estate company involved in development, construction, investment management, and property operations. Hillpointe has focused much of its activity on rental housing in growing U.S. markets, particularly across parts of the Sun Belt.
8. Are all property developers in the USA publicly traded?
No. The U.S. property market includes both publicly traded and privately held real estate companies. Public real estate companies generally provide financial reports, while private real estate companies may not disclose comparable revenue or profit figures. This is why financial information for companies such as Greystar, Dominium, Wood Partners, and Hillpointe may be listed as not publicly disclosed.
9. What should buyers check before choosing a property developer?
Buyers should look at the location, property type, price, construction specifications, warranty, expected completion date, and available services. Buyers should also review the developer’s previous projects to gain useful information. Financing terms, maintenance costs, and the long-term suitability of the property should be considered before making a purchase.
10. Is the property developer always the best choice?
Not necessarily. A large developer can have extensive experience and many projects, but that does not guarantee that every property will fit every buyer. The best choice depends on factors such as location, budget, property type, construction quality, services, and the buyer’s individual needs.
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