NEW YORK ( TheStreet) -- The major public homebuilders have new competition, and the competition isn't interested in turning a profit. In the annual ranking from Builder Magazine of the Top 10 nation's builders, Christian charitable organization Habitat for Humanity made the list for the first time. While major homebuilders like Lennar ( LEN), D.R. Horton ( DHI), Pulte Group ( PHM) and Toll Brothers ( TOL) are trying to get back to sustained profits after the worst of the multi-year U.S. housing crisis, Habitat for Humanity has kept building, and building its profile in relation to the homebuilder stocks. Habitat for Humanity was ranked 8th on the Builder Magazine list, ahead of Ryland Group ( RYL) and Hovnanian Enterprises ( HOV), based on homes sold and closed. Ryland's level of homes sold and closed dropped 30%, and Hovnanian's level of homes sold and closed dropped 50%, according to the annual ranking. Habitat for Humanity has not been immune for the woes in the housing sector, though. The non-profit builder saw its level of homes sold and closed drop 3% -- just not nearly as much as public homebuilders -- and it laid off 8% of its corporate staff last year as the general decline in charitable giving hit the charitable homebuilder hard. Habitat for Humanity had a total of just under 5,300 homes closed in 2009. Homes sold by Habitat for Humanity ultimately face the same financial issue as all homes: the potential for foreclosure. However, mortgage terms offered by the non-profit are more favorable than market rates -0% on homes sold at cost -- leading to a foreclosure rate of just 2%, according to Habitat for Humanity. Habitat for Humanity's appearance on the annual Builder Magazine list could be a one-time event, and an interesting endnote on the worst period in recent history for the public homebuilders.
D.R. Horton, Pulte and Lennar were the top three builders in the annual ranking. NVR, KB Home ( KBH) and Hovnanian were also above Habitat for Humanity in the Builder Magazine ranking. D.R. Horton, Pulte and Lennar were the top three builders in the annual ranking, with home closings of 18,000, 15,000, and 11,500, respectively. NVR, KB Home ( KBH) and Hovnanian were also above Habitat for Humanity in the Builder Magazine ranking. D.R. Horton, Pulte and Lennar were the only public homebuilders with more than 10,000 closings. Fourth place on the annual list went to the most expensive homebuilder stock: NVR ( NVR), which closed just over 9,000 homes in 2009. -- Written by Eric Rosenbaum from New York. Follow TheStreet.com on Twitter and become a fan on Facebook.