by Calculated Risk on 7/21/2014 04:30:00 PM

From housing economist Tom Lawler:

NVR, Inc. the fourth largest US home builder with a heavy concentration in the Mid-Atlantic region, reported that net home orders in the quarter ended June 30, 2014 totaled 3,415, up 4.2% from the comparable quarter of 2013. Net orders per active community were down 4.7% YOY. NVR’s average net order price last quarter was $368,000, up 1.9% from a year ago, but virtually unchanged from the previous quarter.

For the first two quarters of 2014 NVR’s net home orders were down 0.7% from the first half of 2013, while net orders per active community were down 9.5%. Home settlements last quarter totaled 2,943, up 2.3% from the comparable quarter of 2013, at an average sales price of $368,200, up 6.8% from a year ago and up 1.9% from the previous quarter. Home settlements in the first half of 2014 were virtually unchanged from the first half of 2013.

 The company’s order backlog at the end of June was 6,513, down 1.3% from last June, at an average order price of $374,100, up 4.3% from last June but virtually unchanged from the previous quarter. NVR controlled (owned or optioned) 67,500 lots at the end of June, up 10.3% from a year earlier and up 22.7% from two years earlier.