Tuesday, May 09, 2017

Lawler: Selected Operating Statistics, Large Publicly-Traded Home Builders

by Bill McBride on 5/09/2017 02:44:00 PM

First a note from housing economist Tom Lawler: Next “Official” Census Long-Term Population Projection Not Due Out Until End of This Year

In several earlier reports I highlighted how the last “official” long-term population projections from the Census Bureau (released in December 2014) were way out of date, and that analysts should not use them for any analysis. Someone asked me when the next Census population forecast report would be released, and someone from the Population Projection Staff of the Census Bureau told me that the next official population projections would probably come out at the end of this year.

And from Tom Lawler.

Below is a table showing selected operating statistics for nine large, publicly-traded home builders for the quarter ended March 31, 2017.

Preliminary statistics from the Commerce Department estimated that US new single-family home sales (unadjusted) last quarter were up 12.0% from the comparable quarter of 2016.

  Net OrdersSettlementsAverage Closing
Price (000s)
Qtr. Ended:3/173/16% Chg3/173/16% Chg3/173/16% Chg
D.R. Horton13,99112,29213.8%10,6859,26215.4%2962950.2%
Pulte
Group
6,1265,6528.4%4,2253,9457.1%3753536.2%
NVR4,4244,1376.9%3,2563,0068.3%3833693.7%
Cal
Atlantic
4,3044,1344.1%3,0122,72710.5%4444322.8%
Beazer Homes1,5491,5380.7%1,2391,1507.7%3413283.8%
Meritage Homes2,1351,9877.4%1,5811,4886.3%4184053.2%
MDC Holdings1,6961,6463.0%1,25690738.5%4484353.2%
M/I Homes1,4541,31410.7%1,03887618.5%3733535.7%
Total35,67932,7009.1%26,29223,36112.5%3563462.7%