Summit Ranked #1 Builder in 2021

Summit Contracting Group is the #1 multifamily builder in the country, with 9,159 units started in 2020. This recognition is published by National Multifamily Housing Counsil’s (NMHC) 2021 NMHC 50.

See the full NMHC 50 list here:

https://www.nmhc.org/research-insight/the-nmhc-50/top-50-lists/2021-top-builders/

“We are honored once again to be recognized alongside the best in multifamily. This is a tough industry, and we couldn’t do it without the exceptional work of our team. We have a tremendously talented group of multifamily professionals who work diligently every day to manage complex logistics, materials supply, accounting, and scheduling. Not only do they deliver, but they really care about producing quality work we can all stand behind and be very proud of.”

– Nicole Padgett, CAO

At the heart of Summit Contracting Group’s success is our focus on relationships with clients, employees and subcontractors. For the future of our relationships and the multifamily industry, we are looking ahead and improving the way we build all the time.

NMHC Press Release, April 14, 2021:

https://www.nmhc.org/news/press-release/2021/2021-nmhc-50-demonstrates-resilience-of-industry-during-unprecedented-challenges/

“The initial onset of the pandemic and resulting financial distress was deeply concerning for the health of the industry. However, despite initial fears, the multifamily sector experienced a sharp rebound after the second quarter,” said Caitlin Sugrue Walter, Vice President of Research for the National Multifamily Housing Council. “That positive trend continues today as shown by growth in deal flow. The recovery is not yet complete, but the industry is well-placed for a strong 2021.”

Additional Industry and NMHC 50 Highlights:

• 2,318,732 – Number of total units owned by NMHC 50 top owners, representing 9.9 percent of the total U.S. apartment stock.
• 3,899,797 – Number of units collectively managed by NMHC 50 top managers.
• 95.6 percent – 2020 apartment occupancy rate according to RealPage, down only 20 bps from the previous year.
• 364,600 – Number of apartments completed in 2020 according to the Census Bureau.
• $138.7 billion – Total multifamily transaction volume in 2020 according to Real Capital Analytics.

NMHC is the place where the leaders of the apartment industry come together to guide their future success. With the industry’s most prominent and creative leaders at the helm, NMHC provides a forum for insight, advocacy and action that enable both members and the communities they build to thrive. For more details about the NMHC, visit www.nmhc.org.

The NMHC 50 is the National Multifamily Housing Council’s authoritative ranking of the nation’s Top 50 Apartment Owners and Top 50 Managers as well as the Top 25 Developers, Top 25 Builders and Top 10 Syndicators. NMHC partners with Kingsley Associates, a leading real estate research and consulting firm for the NMHC 50’s research and analysis.