Tuesday, 21 April 2015

Lawler: NVR: Home Orders Jump, Prices “Stable” in Latest Quarter

From housing economist Tom Lawler:

NVR, Inc., the nation’s fourth largest home builder with a relatively heavy concentration in the Mid-Atlantic region, reported that net home orders in the quarter ended March 31, 2015 totaled 3,926, up 18.1% from the comparable quarter of 2014. The average net order price last quarter was $375,400, up 2.0% from a year ago. Net orders per active community were up 19.8% YOY. Home deliveries last quarter totaled 2,534, up 14.6% from the comparable quarter of 2014, at an average sales price of $371,000, up 2.7% from a year ago. The company’s order backlog at the end of March was 6,867, up 13.5% from last March, at an average order price of $384,300, up 2.6% from a year ago. The company’s gross homebuilding margin last quarter was 17%, compared to 18% in the comparable quarter of 2014.

NVR gives virtually no “color” on its results or on the housing market in its press release, and does not host a quarterly earnings conference call.

NVR Orders

D.R. Horton, the nation’s largest home builder, releases its results for the quarter ended March 31st tomorrow morning before the market opens.

from Calculated Risk http://ift.tt/1yMmM2N
via YQ Matrix

No comments:

Post a Comment