The Housing Industry Association (HIA) released the results of its HIA-COLORBOND Steel Housing 100 Report last Wednesday.
The report ranks the nation’s most active residential builders in 2017.
Building a total of 1,291 homes in the year, Hickinbotham Group took the number one spot. It was followed by Rivergum, Longridge Group, Dechillis and Rossdale, which rounded out the top five. Hickinbotham is a family-owned company that was started by a father and son team in 1954. Since then, it has built more than 35,000 homes and housed over 100,000 people.
“Conditions for residential building in South Australia were challenging during 2017 with new home starts falling by an estimated 8 percent during the 2016/17 year,” HIA said in a statement. “Despite the downturn in activity, the market share of the largest fifteen builders in South Australia increased from 35 percent to 39 percent in 2016/17.”
“While this shows that the larger builders operating in South Australia outperformed, the corollary is that smaller firms are likely to have found market conditions over the last year to be even worse than the headline building activity figures suggested,” the statement concluded.
Looking nationwide, Metricon Homes was the number one residential builder in Australia for the second year running.
Metricon managed a total of 4,367 starts, beating last year’s effort by two, on sites across Victoria, Queensland, New South Wales and South Australia.
Coming in at a second was Dyldam Developments, which reported 3,605 starts during 2016/17 all pertaining to apartment construction in Sydney.
MJH Group was the biggest mover with an increase of 517 starts, followed by ACT’s GEOCON and NSW’s RILOW Group.
A total of 17 builders appeared on the list for the first time, the majority of which came from NSW or Queensland.
The report found that although the number of new dwelling commenced in the nation was down by 6.9%, the number of starts by the top 100 builders increased by 8.5%.
“The boom in apartments – particularly in Sydney and Melbourne – has been a major factor in this year’s results. Multi-unit starts have declined this year compared to the previous year, but they still remain at very elevated levels,” HIA said.