TMHC New orders were down not because of slowing demand but due to them strategically limiting sales to get more spec homes under construction.
Impressive that their average sales price is up 32% yoy. Strong quarters are coming, imo. I'm holding but like others in the group more.
Net sales orders were roughly flat at 3,422 homes but increased 31% in value to $2.0 billion, driven by a 32% increase in average sales price to $597,000. The Company strategically limited sales releases to align with production capacity and to maximize its margin opportunity by delaying the release of spec homes while managing the length of its record backlog of sold homes.
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