This table is for many of the public home builders as of Dec 2012.
This shows that combined net order are up 37% compared to Q4 2011. As Lawler notes, the combined backlog is up 57.1%!
From Tom Lawler:
The combined order backlog of these companies at the end of 2012 was 26,638, up 57.1% from the end of 2011.
While not all builders comment on pricing trends, those that do have reported increased prices, “pricing power,” and/or lower incentives/price concessions.
As one builder noted, “being able to sell homes at a price that is higher than what it costs to build them is ‘sweet’.”
| Net Orders | Settlements | Average Closing Price | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Qtr. Ended: | Dec 2012 | Dec 2011 | % Chg | Dec 2012 | Dec 2011 | % Chg | Dec 2012 | Dec 2011 | % Chg |
| D.R. Horton | 5,259 | 3,794 | 38.6% | 5,182 | 4,118 | 25.8% | $236,067 | $214,740 | 9.9% |
| PulteGroup | 3,926 | 3,084 | 27.3% | 5,154 | 4,303 | 19.8% | $287,000 | $271,000 | 5.9% |
| NVR | 2,625 | 2,158 | 21.6% | 2,788 | 2,391 | 16.6% | $331,900 | $304,600 | 9.0% |
| The Ryland Group | 1,502 | 915 | 64.2% | 1,578 | 1,040 | 51.7% | $270,000 | $254,000 | 6.3% |
| Standard Pacific | 983 | 615 | 59.8% | 973 | 782 | 24.4% | $388,000 | $374,000 | 3.7% |
| Meritage Homes | 1,094 | 749 | 46.1% | 1,240 | 894 | 38.7% | $294,000 | $275,000 | 6.9% |
| MDC Holdings | 869 | 523 | 66.2% | 1,221 | 792 | 54.2% | $318,700 | $291,300 | 9.4% |
| M/I Homes | 673 | 505 | 33.3% | 887 | 667 | 33.0% | $273,000 | $257,000 | 6.2% |
| Total | 16,931 | 12,343 | 37.2% | 19,023 | 14,987 | 26.9% | $285,300 | $265,785 | 7.3% |