Thursday, April 30, 2015

Lawler: More Builder Results (updated table)

by Bill McBride on 4/30/2015 03:13:00 PM

Housing economist Tom Lawler sent me this updated table of builder results for Q1.

For these seven builders, net orders were up 19.9% year-over-year.  Although cancellations are handled differently, this is about the same year-over-year increase for Q1 as for New Home sales as reported by the Census Bureau.

The average closing price is only up slightly this year following a sharp increase in 2014.

From Tom Lawler:

Net orders per active community for the seven builders combined were up 13.5% YOY, while their combined order backlog at the end of March was up 13.8% YOY.


  Net OrdersSettlementsAverage Closing Price
Qtr. Ended:3/153/14% Chg3/153/14% Chg3/153/14% Chg
D.R. Horton11,1358,56929.9%8,2436,19433.1%$281,305271,2303.7%
PulteGroup5,1394,8635.7%3,3653,436-2.1%$323,000317,0001.9%
NVR3,9263,32518.1%2,5342,21114.6%$371,000361,4002.7%
The Ryland Group2,3892,1869.3%1,4631,470-0.5%$343,000327,0004.9%
Beazer Homes1,6981,39022.2%936977-4.2%$305,800272,40012.3%
Meritage Homes1,9791,52529.8%1,3351,10920.4%$387,000366,0005.7%
M/I Homes1,10898212.8%717732-2.0%$325,000299,0008.7%
Total27,37422,84019.9%18,59316,12915.3%$316,437$306,2713.3%