![]() ![]() We also identified the top 10 building materials companies in terms of their warranty expenses: Stanley Black & Decker Inc., Pentair plc, Acuity Brands Inc., Mohawk Industries Inc., Cornerstone Building Brands Inc., Masco Corp., American Woodmark Corp., La-Z-Boy Inc., PGT Innovations Inc., and MKS Instruments Inc.įrom each company's financial statements, we extracted three warranty metrics: the amount of claims paid, the amount of accruals made, and the ending balance of the warranty reserve fund. Horton Inc., PulteGroup Inc., NVR Inc., Taylor Morrison Home Corp., Toll Brothers Inc., Skyline Champion Corp., Cavco Industries Inc., KB Home, and M.D.C. The top 10 new home builders are: Lennar Corp., D.R. Of those companies, 58 are builders of new homes, 111 are suppliers of building materials, fixtures, or furniture, and 57 manufacture household or food service appliances and/or commercial and residential heating, ventilation, and air conditioning (HVAC) systems.įrom these lists, we also identified the top 10 largest companies in each industry based on their warranty expenses. stock exchange, thus publishing their warranty expenses in their annual reports and quarterly financial statements. We began with a list of 226 companies that are engaged in the building trades and publicly trading on a U.S. While we do include the appliance & HVAC numbers in the following charts, we will delve deeper into this industry next week, and not linger on them here. power generation is currently General Electric, which sold its appliance division to the Chinese Haier Group Corp. We do not include power generation equipment warranties in these charts, as we have in the past, since the majority of the manufacturers in that industry are dealing with power grid infrastructure, rather than something like a rooftop solar panel. This article presents the twenty-year data for new home, building materials, and appliance & HVAC manufacturers, in order to paint a fuller picture of the warranty expenses associated with building construction. This week, we are zooming in on the third- and fourth-largest industries in the buildings sector: new home builders, and their suppliers of building materials, fixtures, and furniture. ![]() These two industries will be the focuses of upcoming articles. Under the umbrella of the building trades, power generation had the highest total warranty accruals, followed by appliances & HVAC. The building trades accounted for 21% of all warranty accruals made by U.S.-based manufacturers in 2022. The new home builders continue to take on a larger proportion of warranty expenses in building construction, while appliance & HVAC's share of expenses falls. New Home & Building Materials Warranty Report: The homebuilders bore the brunt of the Great Recession, but fared the pandemic rather well. ![]()
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