Third Quarter Numbers


Most home builders have posted positive growth in the third quarter

Builder Magazine provided third quarter numbers for select builders in October 2012.  Here’s a summary of the third quarter:

Standard Pacific Homes (Ranked 13, Builder 100, 2011) had a 437.4% profit in its third quarter.  SPH has had $44.5 in profits in the last nine months.  New orders were up by 30.6%.  The company spent over $200 million in the third quarter (76% in California).

Meritage Homes (Ranked 10, Builder 100, 2011) reported a 309.7% profit in the third quarter despite the fact it needed to escrow $8.7 million for pending Las Vegas litigation.  The company has earned $10 million in profits in nine months.

M/I Homes (Ranked 16, Builder 100, 2011) has been busy converting stock to cash in advance of its move into the Austin market.  At $8.3 million (276% profit), M/I Homes had its best quarter in five years.

PulteGroup (Ranked 2, Builder 100, 2011) has $1 billion for land acquisition in 2013.  Its third quarter earnings were the best in six years.  Third quarters profits were $116.6 million with $147.4 million in nine months.

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