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Homes delivered increased 6% year-over-year to 3,666, with an average selling price of $479,500, representing a 3% decline.
According to CEO Jeffrey Mezger, the improvement in demand seen in February was sustained throughout Q2, as the company achieved monthly sequential increases in its net orders, resulting in an overall absorption pace of 5.2 net orders per month, per community.
“We believe our orders, starts and production are well-balanced and, with the sequential increase in our backlog at quarter-end, we are well-positioned to achieve our revenue target for 2023,” added Mezger.
The company provided its full 2023-year guidance, expecting housing revenues in the range of $5.80-$6.20B and an average selling price of approximately $485,000.
