Acquisitions Increasing Among Home Builders

The number of home builders reporting that they have been approached has doubled in less than a year, according to recent results from the NAHB/Wells Fargo Housing Market Index (HMI) survey.

In challenging economic environments, there is often consolidation among home builders, with larger companies (or investors) looking to enter new markets or offer different products. This trend is already accelerating at the high end of the market. So far in 2026, for example, Taylor Morrison was acquired by Berkshire Hathaway; Tri Pointe Homes by Sumitomo Forestry; and United Homes Group and Holiday Builders by Stanley Martin Homes.

To better understand the extent of this phenomenon across a representative sample of home builders in the country, the HMI survey asked about merger and acquisition activity in August 2025 and again in June 2026.

Results reveal an uptick in the share of builders reporting increased M&A activity in their local markets, from 14% in August 2025 to 21% in June 2026.

But we may see more completed deals in the near future as more builders are reporting being approached for potential mergers or acquisitions.

The share of builders who have been approached for an acquisition and/or merger doubled between August 2025 and June 2026, from 9% to 18%. As a result, the segment who have not been approached at all dropped from 87% to 78% during this period.

When asked about future plans for growth, most builders (61%) plan to expand organically in their existing markets. Only small minorities plan to expand by acquisition (6%) or to be acquired by another company (5%).

For more on the survey data, read this post on the NAHB Economics blog Eye on Housing.