The results topped
Yearley said demand in the last year has been solid but relatively flat compared with initial growth in 2011 when the housing market began to recover. But the executive said that this is no different than the last recovery period in the early 1990's, which also had an upswing, leveled and then saw more growth.
"We believe that we are in a similar leveling period in the early stages of the housing recovery with significant pent-up demand building," he said.
For the three months ended
Analysts predicted earnings of
Revenue for the
Home deliveries climbed 36 percent to 1,218 units. The average price of homes delivered was
Backlog increased 18 percent to 4,324 units.
Its shares climbed
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