The newest monthly home building numbers are in from Costa Mesa-based Hanley Wood Market Intelligence - and they show Centex Homes running away with the new-home market so far this year in the six-county Sacramento region.
First off, these are numbers from El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties.
Publicly-traded Centex reports 140 sales in January and February, a 17.5 percent market share. Others in the Top 5 are:
- Atlanta-based Beazer Homes, with 74 sales and 9.3 percent market share.
-Michigan-based Pulte Homes and its Del Webb affiliate, with 73 sales and 9.1 percent market share.
- Miami-based Lennar Homes with 52 sales and 6.5 percent market share.
- Fort Worth-based D.R. Horton, with 43 sales and 5.4 percent market share.
The top 10 also includes Los Angeles-based KB Home, privately-owned Roseville homebuilder JMC Homes, New Jersey-based K. Hovnanian Homes, Salt Lake City-based Woodside Homes and Newport-Beach based John Laing Homes.
Hanley Wood analyst Kathryn Boyce, based in Sacramento, said Centex is still offering lots of financial incentives to buyers and keeping prices down. Said Boyce: They are doing a lot of different things to be able to bring their market share higher. Whether they are making money is another story.
All told, Hanley Wood tallied a slow start for homebuilders in 2008: 798 new-home sales in the six-county Sacramento region during January and February. That is down 57.7 percent from 1,885 sales the same time last year.
Specific sales figures, according to the consulting firm:
Single-family homes, 707 sales, down 54.2 percent from last year.
Townhouses and duplexes, 51 sales, down 44.6 percent from last year.
Condominiums, 40 sales, down 84 percent from last year.
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