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March 19, 2014
08:46 EDTKBHKB Home reports Q1 net orders increased 6% vs. prior year quarter
The company said, "Q1 Net orders increased 6% from the year-earlier quarter to 1,765, reflecting a rise in the company’s community count, as it continues to convert the substantial land investments it has made over the past several quarters to open communities. Q1 Inventories increased to $2.63B at February 28 from $2.30B at November 30, 2013 as a result of land acquisition and development activities and a distribution of 549 acres, or $70.6M, of land from Inspirada Builders, the company's unconsolidated joint venture in Las Vegas."
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