“For the sixth consecutive year, Metricon Homes was revealed as the nation’s number one residential builder at the launch of the HIA-COLORBOND® steel Housing 100 Report this morning,” stated HIA Chief Economist, Tim Reardon.
The report ranks Australia’s largest 100 residential builders based on the number of homes commenced each year. Metricon Homes reported a total of 6,052 new home starts across Victoria, Queensland, New South Wales and South Australia. Of these starts, 5,820 were detached houses and 232 were semi-detached dwellings.
“Moving up from fourth in the 2019/20 report, the second most active builder in 2020/21 was ABN Group with 5,345 starts. They were followed by MJH Group with 4,548 starts,” added Mr Reardon.
“The past year has been a remarkable year for home building. We are seeing a record number of detached homes commence construction while at the same time, apartment construction is in the midst of a significant slump.
“The majority of builders increased their number of dwelling starts in 2020/21 compared to the previous year. Those that didn’t were more likely to be in the multi-unit market.
“In this market, it is not surprising that detached home builders have dominated the list of the most active home builders in Australia.
“The largest apartment builder in this year’s Report was Hutchies, who ranked as the 5th most active builder overall. They are one of only three apartment builders in the top 20 this year.
“The loss of overseas migration last year hit the apartment market almost immediately. Overseas students, tourists and migrants often stay in multi-unit dwellings when they first arrive in the country. This trend was exacerbated by the shift in consumer preferences towards lower density housing.
“With this boom in home building, the minimum number of homes required to make it onto this list rose from 108 to 125, the highest in the 28 years that the Report has been released.
“The top 100 builders grew their market share from 40 per cent last year to 44 per cent in 2020/21. This suggests that larger builders were able to expand their capacity to build faster than smaller builders,” concluded Mr Reardon.
The key highlights from this year’s HIA–Colorbond® steel Housing 100 Report 2020/21 shows that the largest 100 residential builders:
- Increased their share of the new home building market from 40 per cent to 44 per cent.
- Accounted for 80 per cent of the detached homes built in Australia in 2020/21.
- Increased revenue earned from home construction by 31.4 per cent to $31.7 billion in 2020/21.
- Increased the number of new starts in the year by 27.0 per cent, which is an extra 18,758 homes.
- Increased the number of starts required to make the list from 108 to 125.
Increased the number of detached house starts by 49.1 per cent while the number of units fell by 20.7 per cent.