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Playing With the Big Boys in Chicago Homebuilding

by Peter Thomas Ricci

The Chicago homebuilding environment used to be a locally competitive one, made up primarily of local, privately-held companies.

That was then, however. Now, as the housing market recovers from its worst downturn since the Great Depression, the Chicago homebuilding has emerged as a radically changed one, where national, publicly-owned homebuilders take up seven of the top 10 spots for new home sales, according to a new report from Crain’s.

Since the housing crash, the nation’s largest, publicly-owned homebuilders have stormed into Chicago’s housing market, taking up huge chunks of the marketplace. According to Crain’s, private homebuilders made up 85.6 percent of the market in 2000, but last year, that share had declined to 44.2 percent.

Just how much market share do national homebuilders have in the Chicago homebuilding market? Take a look at our infographic below for some perspective.

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