New Home Construction

Denton County New Home Market Headed for Another Slowdown

Denton County's new home market is headed for another slowdown. High prices and a rebound in interest rates to that critical seven percent mark are just part of the problem. There's also a pending recession on deck. The Census Bureau reported April new home sales at a seasonally adjusted annual rate of 683,000 units. That was better than expected, but previous months were revised lower. Cancellation rates for builders have come back down, but new home affordability remains an issue. There is still a large backlog of homes under construction. Any softness in the economy [...]

Lennar Homes Posts Solid First Quarter After CalAtlantic Acquisition

Lennar Homes delivered 6765 homes during the first quarter of 2018, the first fiscal quarter capturing a portion of the CalAtlantic acquisition. New orders at Lennar jumped 30% with a dollar value of $3.4 billion. After absorbing CalAtlantic Homes, the combined company now boasts a backlog of 17,566 homes with a combined value of $7.7 billion. Contributing to that huge backlog were 7190 homes from CalAtlantic worth an estimated $3.6 billion. Lennar is now America's largest home builder looking at the total dollar value of homes. We'll have to wait for 2nd quarter results fully [...]

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