For the week ending May 10, 2015 New Home Consumer Traffic showed a bit of an increase, however Net Sales dipped to a level we haven't reported since the very beginning of the year. On a "Per Subdivision" level, Net Sales registered at just 0.6 after two of our strongest weeks of 2015. Only four builders reported double-digit sales with Lennar Homes and KB Home leading the way with over 20 each. Lennar's Stonegate led all Subdivisions with 5 new sales.
2015 New Home Net Sales per Week
Two new communities began reporting this week, both in Henderson's Inspirada masterplan. KB Home released a new line "Enclaves" bring their current number of projects in the masterplan to six. Enclaves has plans from 2170 to 2401 sqft and from the low $300,000s. The other was Pardee Homes' third foray in Inspirada, Bella Verdi. The project has 159 lots with homes starting in the high $300,000s.
We also reported another batch of price adjustments, mainly rises, by a number of builders. Another side note, Century Communities has recently released ten new floorplans in their Rhodes Ranch masterplan.
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