Did you know that the top 10 public builders have just a 25 percent share of home building, and falling? According to the National Association of Home Builders, the top 10 public builder market share over the last three years was:
- 2010: 26.3 percent
- 2011: 24.6 percent
- 2012: 24.1 percent
Read a detailed report of the structure of the home building industry at Housing Economics by clicking here.
According to the Associate Press, the Labor Department is investigating large U.S. homebuilders to see if they failed to pay workers the minimum wage or overtime. A spokesman says the agency is investigating compliance with wage-and-hour laws in the homebuilding industry as part of a crackdown targeting several industries. Click here to read the entire story at AP.