Habitat for Humanity now 8th largest US homebuilder

the Wall Street Journal today reports in the wake of continued strong home production by the charity and the sharp drop off in private homebuilding, that Habitat is now the 8th largest US homebuilder.

Despite a decline of 9 percent in donations from last year, Habitat closed 5,294 homes in 2009. A growing number of homes Habitat produces are rehabs according to the WSJ article (700 in 2009).

Habitat says its foreclosure rate is about 2%.

This is good news for Habitat and the families they serve but also a sad comment on the state of the private homebuilding industry in the US.