by Calculated Risk on 7/29/2016 04:01:00 PM
Friday, July 29, 2016
Lawler: Homebuilder Summary Table for Q2 2016
CR Note: Housing economist Tom Lawler sent me these summary results for several large publicly-traded builders who have reported results for last quarter.
Lawler notes: CalAtlantic was formed with the merger of Standard Pacific and Ryland, completed in October 2015. The Q2/2015 statistics for CalAtlantic are pro forma statistics for Standard Pacific and Ryland combined. Also, while MDC Holdings has not yet released its “official” results for Q2/2016, it did release preliminary estimates of selected operations statistics for the quarter, which are shown above.
Net Orders | Settlements | Average Closing Price (000s) | |||||||
---|---|---|---|---|---|---|---|---|---|
Qtr. Ended: | 616 | 6/15 | % Chg | 6/16 | 6/15 | % Chg | 6/16 | 6/15 | % Chg |
D.R. Horton | 11,714 | 10,398 | 12.7% | 10,739 | 9,856 | 9.0% | $290 | 290 | 0.2% |
Pulte Group | 5,697 | 5,118 | 11.3% | 4,772 | 3,744 | 27.5% | $367 | 332 | 10.5% |
NVR | 4,324 | 3,796 | 13.9% | 3,581 | 3,175 | 12.8% | $379 | 384 | -1.5% |
Cal Atlantic | 3,921 | 3,954 | -0.8% | 3,484 | 3,119 | 11.7% | $447 | 427 | 4.7% |
Beazer Homes | 1,490 | 1,524 | -2.2% | 1,364 | 1,293 | 5.5% | $330 | 318 | 4.0% |
Meritage Homes | 2,073 | 1,986 | 4.4% | 1,950 | 1,556 | 25.3% | $408 | 380 | 7.4% |
MDC Holdings | 1,647 | 1,481 | 11.2% | 1,272 | 1,126 | 13.0% | $448 | 410 | 9.3% |
M/I Homes | 1,354 | 1,100 | 23.1% | 1,042 | 919 | 13.4% | $362 | 340 | 6.5% |
SubTotal | 32,220 | 29,357 | 9.8% | 28,204 | 24,788 | 13.8% | $354 | $340 | 4.0% |