Cancellations

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Meritage New Orders Jump in Summer

Meritage Homes Corp., Phoenix (NYSE:MTH) on Tuesday pre-released home sales data for July and August that, like Hovnanian, Ryland and Lennar, we up significantly. Meritage said it sold a total of 590 homes in July and August, net of cancellations, compared up from 479 in the same period last year. More

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Ryland Orders Surge in Summer

The Ryland Group, Calabasas, Calif. (NYSE"RYL) Monday morning pre-announced order results for July and August that showed the company's efforts to open new communities are beginning to pay off. Ryland said unit orders, net of cancellations, rose 30.7% in July to 336 and 15.6% to 301 in August, both compared to the same months last year. More

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MDC Confronts a Bad Quarter

M.D.C. Holdings may have one of the most liquid balance sheets of the public home builder set, but Wall Street analysts were less than impressed with the company's fourth quarter results, released Feb. 11. An abnormally high cancellation rate, a bloated overhead cost structure, and ambiguous volume projections for the year ahead left a number of analysts feeling shaky about the stock despite its financial management strengths. More

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At KB, Focus Turns to Orders

KB Home closed out its fiscal year 2010 with a bang rather than the whimper analysts expected. The company reported a profit of $17.4 million, or $0.23 per share, for its fourth quarter, handily beating analysts' expectations of a $0.17 per share loss. The outperformance was mostly driven by higher margins and lower overhead costs. "We're very pleased with how we've transformed and repositioned the company," CEO Jeffrey Mezger told analysts during the company's earnings call Friday. "We now have the capability to generate profits on lower revenues." Analysts' take-aways were more mixed. UBS analyst David Goldberg called the results "impressive" in a related research note, but other analysts were more reserved in their assessment. Credit Suisse analyst Dan Oppenheim, for example, called the company "poorly positioned" for the year ahead. More

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Toll Reports Quarterly Loss

But sales are up and CEO Bob Toll sees a stabilizing market. More

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Tax Refund Brings Profitability to Beazer

Atlanta-based builder reports improved orders for 2010's first quarter. More

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Taylor Morrison Offers ‘Total Assurance’ to Buyers

Builder will refund down payment up to 10% of purchase price if buyer sells home after five years and the value has dropped. More

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Taylor Wimpey Reports Market Stability

The U.K.-based parent company of Taylor Morrison reports narrower losses. More

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Mizel: M.D.C. "Dressed and Ready to Go"

Wall Street received further proof of life in the housing industry with the release of M.D.C. Holdings 2Q2009 earnings and conference call on Friday. The company tempered its losses thanks to fewer impairments; posted operational improvements in new orders, cancellations, and margins; and appeared more than ready to dig into its $1.6 billion war chest to ramp up operations. More

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M.D.C. Loss Declines; Orders, Cancellations Improve

M.D.C. Holdings Inc. on Friday morning reported a net loss for its second quarter of $29.6 million. New orders, however, ticked up 2% to 977, average selling price increased 2% to $295,800 and the cancellation rate fell to 20% More

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