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Customers' orders for new homes jumped 52% to 3,097 homes, pulling in "within our guided range to help the result during a seasonally slower time of year," Mezger noted. However, orders were still ...
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KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad. [6] Their first venture together was the construction of two model homes in the Northeast Detroit suburbs, where a new generation of first-time home buyers were flocking. [6]
KB Home closed 3,400 homes in the fourth quarter driven by better cycle times, or how long it takes to build a house, and a strong backlog of buyers committed to closing on their home when completed.
(See Chart 1: Texas New Homes Days on Market) Texas New Home Sales Flattened Based on all local MLS data, the most reliable and current source of all home sales activity, total new home sales flattened in the four largest new home markets in Texas last month. The October 3-month moving average of new home sales in Dallas-Ft. Worth was 1,870 ...
In 2003, LGI Homes was founded in The Woodlands, Texas by Thomas Lipar and his son Eric Lipar. [5] [6] LGI Homes primarily focuses on entry-level housing for first-time homebuyers. [7] [8] LGI Homes initially built homes in its home state of Texas. [9] Their first project was a residential development in Conroe called Summerset Estates. [10]
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