by Calculated Risk on 8/02/2017 02:45:00 PM

From housing economist Tom Lawler:

Below is a table showing selected operating statistics for eight large, publicly-traded builders for the quarter ended June 30th.

Sales per active community for these builders as a whole last quarter were up 4.9% from a year earlier, while the order backlog for this builder group as of the end of June was up 5.1% from last June. The relative modest year-over-year gains in average prices was in many cases a “mix” issue, with several builders focusing a bit more on first-time buyers. For D.R. Horton, “Express” Homes, its “entry”-level product, represented 36% of net orders and 33% of settlements last quarter, compared to 28% fo both net orders and settlements in the comparable quarter of 2016. PulteGroup’s “higher than average” YOY increase in average sales prices partly reflected an increase in the share of its settlements in its “move-up/luxury” brand.

	Net Orders			Settlements			Average Closing Price $ (000s)
Qtr. Ended:	6/17	6/16	% Chg	6/17	6/16	% Chg	6/17	6/16	% Chg
D.R. Horton	13,040	11,714	11.3%	12,497	10,739	16.4%	293	290	0.9%
Pulte Group	6,395	5,697	12.3%	5,044	4,722	6.8%	390	367	6.3%
NVR	4,678	4,324	8.2%	3,917	3,581	9.4%	386	379	2.0%
Cal Atlantic	4,078	3,921	4.0%	3,653	3,484	4.9%	444	447	-0.7%
Beazer Homes	1,595	1,490	7.0%	1,387	1,364	1.7%	341	331	3.0%
Meritage Homes	2,153	2,073	3.9%	1,906	1,950	-2.3%	419	408	2.7%
MDC Holdings	1,598	1,646	-2.9%	1,412	1,272	11.0%	459	449	2.1%
M/I Homes	1,400	1,354	3.4%	1,211	1,042	16.2%	366	362	1.1%
SubTotal	34,937	32,219	8.4%	31,027	28,154	10.2%	359	354	1.4%