For the week ending March 10th, new home sales activity fell slightly after an excellent week to close out February. However, they remained strong
with an average net sales figure of 0.8 per subdivision (we consider anything above 0.7 to be 'above average'). Buyer traffic has remained steady since the beginning of the year, fluctuating more than 9% week-to-week only once, remaining around 4,000 total buyers going through sales offices each week. Lennar Homes led all builders with nearly 19% of the week's sales. American West, Pulte/Del Webb, Beazer Homes, Shea Homes, Summit Homes, and Woodside Homes all reported strong sales, averaging at least 1.0 net sales per project. The following graph breaks down the week's net sales by average base price range:
The top selling communities for the week were Cumberland Ranch by KB Home, Cortona at Southern Highlands by Lennar Homes, and The Heights at Reverence in Summerlin by Pulte Homes. There were no new project reporting this week.
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