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Earnings

Lennar Homes Misses Q4 Sales & Order Estimates, KB Net Order Value Declines 21%

Lennar Homes posted higher revenue and income for the fourth quarter of 2018, but new home sales and orders for Lennar missed analyst estimates. Accounting for Lennar's absorption of CalAtlantic the company's 14,154 home sales still fell short of analyst estimates for 14,485. The bigger concern for Lennar is likely the 5 percent miss on orders which came in at 10,611 instead of the analyst estimate of 11,774. Lennar's gross margin on home sales for the quarter fell from 22.4% to 21.4% Operating margin softened to 13.5% Revenues for the quarter were bolstered by a [...]

By |2019-01-09T22:03:51+00:00January 9th, 2019|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate|0 Comments
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Toll Brothers Net Orders Plunge 13 Percent In Q4

Shares of luxury home builder Toll Brothers fell out of bed today. Toll reported higher net income and higher revenue on a 12 percent increase in home closings for the quarter, but the market sniffed out what some people like myself were anticipating with Toll's latest quarter... a big drop in demand for expensive luxury homes. Toll was clearing out inventory with juicy incentives during the fourth quarter, but net signed contract value plunged 15 percent while net contract units (homes) fell 13 percent. Toll's orders for California nosedived 39 percent. Oops! “In November, we saw [...]

By |2018-12-04T19:33:14+00:00December 4th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, Spin Cycle|0 Comments
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Dallas Fort Worth Employment Growth Solid, Wage Growth Still Lags Real Inflation

Dallas-Fort Worth employment continues to grow, but wage growth is nothing to write home about. The Texas unemployment rate (at least the statistically massaged headline unemployment rate) hit an historic low in October at 3.7 percent. Dallas Fort Worth job growth was still impressive through October according to the latest data from the Texas Workforce Commission. According to the latest numbers there were 3,803,500 people working in the DFW area bringing the unemployment rate for Dallas to 3.2 percent. According to the latest data, Texas has experienced 28 consecutive months of employment growth. This is [...]

By |2018-11-17T21:04:52+00:00November 17th, 2018|Dallas Tx Employment, DFW Real Estate, Economy, Relocation|0 Comments
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New Home Builders Clipped By Weak Order Growth

New home builders had a relatively rough week with several major publicly-traded builders experiencing some nasty haircuts in their stock prices. With the exception of DR Horton, it wasn't a good week for home builder stocks. While Facebook and Twitter were seeing record drops in their share prices, new home builders were also experiencing a hangover from weak growth in new home orders. The Dow Jones Home Construction Index has trended lower for most of the year, down almost 18 percent year-to-date. It doesn't take a rocket scientist to understand why the index peaked just [...]

By |2018-08-12T13:50:56+00:00July 28th, 2018|Denton County New Homes, DFW New Homes, DFW Real Estate, Economy, Housing Market, Housing Policy, In the Press, Mortgage Rates, New Home Sales, Real Estate|0 Comments
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