by Calculated Risk on 5/08/2015 04:36:00 PM

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

For these nine builders, net orders were up 20.3% 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:

Below is a table with some summary statistics for nine large publicly-traded home builders for the first calendar quarter of 2015. While results varied across builders, the general themes were significantly higher unit sales, but lower home building margins, relative to the comparable quarter of 2014.

Net orders per community for these combined nine builders combined were up 13.2% YOY, and their combined order backlog at the end of March was up 14.8% from last March.

	Net Orders			Settlements			Average Closing Price
Qtr. Ended:	3/15	3/14	% Chg	3/15	3/14	% Chg	3/15	3/14	% Chg
D.R. Horton	11,135	8,569	29.9%	8,243	6,194	33.1%	$281,305	271,230	3.7%
PulteGroup	5,139	4,863	5.7%	3,365	3,436	-2.1%	$323,000	317,000	1.9%
NVR	3,926	3,325	18.1%	2,534	2,211	14.6%	$371,000	361,400	2.7%
The Ryland Group	2,389	2,186	9.3%	1,463	1,470	-0.5%	$343,000	327,000	4.9%
Beazer Homes	1,698	1,390	22.2%	936	977	-4.2%	$305,800	272,400	12.3%
Standard Pacific	1,571	1,311	19.8%	972	995	-2.3%	$528,000	483,000	9.3%
Meritage Homes	1,979	1,525	29.8%	1,335	1,109	20.4%	$387,000	366,000	5.7%
MDC Holdings	1,593	1,236	28.9%	909	873	4.1%	$414,800	364,900	13.7%
M/I Homes	1,108	982	12.8%	717	732	-2.0%	$325,000	299,000	8.7%
Total	30,538	25,387	20.3%	20,474	17,997	13.8%	$330,848	$318,886	3.8%