From economist Tom Lawler:
D.R. Horton, the largest US home builder in 2011, reported that net home orders in the quarter ended June 30th, 2012 totaled 6,079, up 24.7% from the comparable quarter of 2011. The company's sales cancellation rate, expressed as a % of gross orders, was 23% last quarter, down from 27% a year ago. Home deliveries last quarter totaled 4,957, up 8.8% from the comparable quarter of 2011, at an average sales price of $224,975, up 5.2% from a year ago. The company's order backlog at the end of June was 7,311, up 30.6% from last June.
Standard Pacific Corp., the 13th largest US home builder in 2011, reported that net home orders in the quarter ended June 30th, 2012 (ex JVs) totaled 1,108, up 45.0% from the comparable quarter of 2011. The company's sales cancellation rate, expressed as a % of gross orders, was 11% last quarter, down from 14% a year ago. Home deliveries totaled 815, up 33.6% from the comparable quarter of 2011, at an average sales price of $337,000, up 0.6% from a year ago. The company's order backlog at the end of June was 1,266, up 62.1% from last June.
Here are some summary stats of orders, deliveries, and backlog for builders who have reported results for last year.
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