Builder Business Grew Significantly in 2021
The business of the typical NAHB builder grew significantly between 2020 and 2021, according to results from NAHB’s latest member census. The 2021 NAHB census shows that the median gross revenue of an NAHB builder in 2021 was an all-time high of $3.3 million, up 26.9% from the previous year.
NAHB reinstated its member census during the industry-wide downturn of 2008, when median annual revenue of builder members was only around $1 million. Median annual revenue began rising in 2013, plateauing at $2.6 million to $2.7 million from 2017 through 2020.
Although their median revenue has increased recently, most NAHB builders remain relatively small businesses by conventional standards. According to the 2021 NAHB census:
- 14% of NAHB’s builder members reported a dollar volume of less than $500,000,
- 13% reported between $500,000 and $999,999,
- 38% reported between $1 million and $4.9 million,
- 15% reported between $5 million and $9.9 million,
- 6% reported between $10 million and $14.9 million, and
- 13% reported $15 million or more.
In comparison, the Small Business Administration's size standards classify most types of construction businesses as small if they have average annual receipts of less than $39.5 million.
Agreeing with the increase in builder revenue, there was a particularly strong surge in the average number of housing starts per builder between 2020 and 2021 from 41 in 2020 to 63.1. The average number of single-family starts grew by 58.2% (from 26.3 to 41.6), while the average number of multifamily starts increased by 46.3% (from 14.7 to 21.5).
This information was originally published in the August 2022 special study available on NAHB’s Housing Economics webpage. Paul Emrath, NAHB vice president for survey and housing policy research, provides additional insights in this Eye on Housing post.
Latest from NAHBNow
Oct 03, 2025
NAHB Awards Deadline Extended to Oct. 20Interested applicants for NAHB’s prestigious award programs now have additional time to submit top projects and individuals for consideration. Don't miss your chance - apply by Monday, Oct. 20.
Oct 03, 2025
Fast Money, Fewer HeadachesEvery week lost to underwriting is a week you’re not building, selling, or scaling. Delays push projects out of prime seasons, tighten cash flow, and leave crews idle. And when banks already move at their own pace, builders who aren’t prepared can get stuck at the back of the line.
Latest Economic News
Oct 03, 2025
Supply-Side Cost Pressures Drove Housing as Inflation Leader in 2024Though the rate of inflation peaked in June 2022, consumer prices continued to increase throughout 2023 and 2024 as inflation drove further price growth, according to 2024 CPI review from the Bureau of Labor Statistics.
Oct 02, 2025
Square Foot Prices Moderate in 2024Median square foot prices for new single-family detached (SFD) homes started in 2024 grew modestly, according to NAHB’s analysis of the latest Survey of Construction (SOC) data. For custom, or contractor-built, homes, the median price was $166 per square foot of floor space, up slightly from $162 in 2023.
Oct 02, 2025
17% of NAHB Builders Built Age-Restricted Housing in 2024Only 17% of NAHB builder members build age-restricted housing for people age 55 or older, according to 2024 Member Census. This is up two percentage points from the previous year. However, this share has remained within a narrow band (15%-17%) since the question was added to the member census in 2009.