Third Quarter 2021 Supplemental Data
Orders and Absorptions
Quarterly Orders and Absorptions by State & Region
4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | |||||||||
Monthly | Monthly | Monthly | Monthly | Monthly | Monthly | Monthly | Monthly | |||||||||
Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | |
Arizona | 354 | 3.5 | 570 | 5.9 | 737 | 6.9 | 709 | 6.5 | 485 | 4.8 | 602 | 6.1 | 624 | 5.9 | 550 | 4.8 |
California | 231 | 3.2 | 352 | 4.4 | 388 | 4.5 | 510 | 7.1 | 280 | 5.2 | 286 | 5.4 | 344 | 5.9 | 319 | 5.6 |
Colorado | 142 | 2.5 | 199 | 4.3 | 153 | 3.9 | 188 | 5.2 | 210 | 6.4 | 169 | 4.9 | 181 | 4.2 | 207 | 4.2 |
West Region | 727 | 3.1 | 1,121 | 5.0 | 1,278 | 5.5 | 1,407 | 6.5 | 975 | 5.2 | 1,057 | 5.7 | 1,149 | 5.5 | 1,076 | 4.9 |
Texas | 697 | 3.1 | 1,059 | 4.6 | 1,215 | 5.5 | 1,183 | 6.3 | 1,019 | 5.6 | 1,115 | 6.1 | 1,101 | 6.0 | 1,070 | 5.4 |
Central Region | 697 | 3.1 | 1,059 | 4.6 | 1,215 | 5.5 | 1,183 | 6.3 | 1,019 | 5.6 | 1,115 | 6.1 | 1,101 | 6.0 | 1,070 | 5.4 |
Florida | 255 | 2.5 | 317 | 3.2 | 390 | 3.7 | 491 | 4.7 | 447 | 4.6 | 479 | 5.2 | 468 | 4.9 | 534 | 4.9 |
Georgia | 106 | 2.0 | 156 | 3.2 | 190 | 4.0 | 172 | 4.1 | 147 | 5.4 | 164 | 5.8 | 193 | 5.8 | 176 | 5.3 |
No.Carolina | 207 | 2.9 | 287 | 4.3 | 326 | 5.3 | 386 | 6.3 | 368 | 6.0 | 419 | 6.2 | 390 | 5.2 | 347 | 4.4 |
So. Carolina | 49 | 1.7 | 87 | 3.6 | 95 | 5.3 | 90 | 5.5 | 108 | 6.0 | 76 | 4.2 | 88 | 4.5 | 100 | 3.7 |
Tennessee | 52 | 1.9 | 75 | 2.4 | 103 | 3.0 | 122 | 4.1 | 110 | 4.6 | 148 | 6.6 | 153 | 5.7 | 138 | 4.8 |
East Region | 669 | 2.4 | 922 | 3.4 | 1,104 | 4.1 | 1,261 | 4.9 | 1,180 | 5.2 | 1,286 | 5.6 | 1,292 | 5.2 | 1,295 | 4.7 |
Total | 2,093 | 2.8 | 3,102 | 4.3 | 3,597 | 5.0 | 3,851 | 5.8 | 3,174 | 5.3 | 3,458 | 5.8 | 3,542 | 5.5 | 3,441 | 5.0 |
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Orders and Absorptions (CY/PY)
Quarterly Orders and Absorptions by State & Region (CY/PY)
4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | |||||||||
Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | Orders | Absorptions | |
Arizona | 18% | 46% | 25% | 44% | 27% | 32% | 47% | 55% | 37% | 38% | 6% | 2% | -15% | -15% | -22% | -25% |
California | 112% | 37% | 111% | 51% | 87% | 35% | 158% | 137% | 21% | 63% | -19% | 23% | -11% | 29% | -37% | -21% |
Colorado | 22% | 29% | -2% | 35% | -30% | 18% | 21% | 107% | 48% | 155% | -15% | 15% | 18% | 6% | 10% | -20% |
West Region | 38% | 38% | 35% | 41% | 27% | 31% | 68% | 88% | 34% | 65% | -6% | 13% | -10% | -1% | -24% | -25% |
Texas | 18% | 46% | 22% | 41% | 47% | 58% | 82% | 114% | 46% | 83% | 5% | 34% | -9% | 8% | -10% | -14% |
Central Region | 18% | 46% | 22% | 41% | 47% | 58% | 82% | 114% | 46% | 83% | 5% | 34% | -9% | 8% | -10% | -14% |
Florida | 34% | 19% | 5% | -1% | 18% | 14% | 68% | 73% | 75% | 86% | 51% | 65% | 20% | 32% | 9% | 6% |
Georgia | 13% | 37% | 8% | 36% | 28% | 59% | 25% | 73% | 39% | 176% | 5% | 82% | 2% | 47% | 2% | 30% |
No.Carolina | 39% | 33% | 25% | 39% | 36% | 59% | 105% | 124% | 78% | 105% | 46% | 45% | 20% | -2% | -10% | -29% |
So. Carolina | -26% | -5% | 7% | 56% | 38% | 129% | 64% | 183% | 120% | 246% | -13% | 17% | -7% | -15% | 11% | -32% |
Tennessee | 37% | 53% | -1% | -1% | -6% | -10% | 23% | 23% | 112% | 138% | 97% | 177% | 49% | 89% | 13% | 19% |
East Region | 25% | 29% | 11% | 20% | 23% | 36% | 63% | 87% | 76% | 118% | 39% | 67% | 17% | 25% | 3% | -4% |
Total | 27% | 37% | 23% | 35% | 32% | 42% | 71% | 94% | 52% | 87% | 11% | 36% | -2% | 9% | -11% | -15% |
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Orders and Average Communities by Product Type
Orders and Average Communities by Product Type | ||||||||||||||||
4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | |||||||||
Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | |
Entry-Level | 1,146 | 111.00 | 1,906 | 119.00 | 2,511 | 128.50 | 2,644 | 131.50 | 2,277 | 133.50 | 2,636 | 144.50 | 2,858 | 161.50 | 2,874 | 178.50 |
1st Move-Up | 778 | 103.50 | 1,020 | 96.00 | 938 | 86.50 | 990 | 69.50 | 762 | 53.00 | 684 | 44.50 | 595 | 45.50 | 520 | 46.50 |
Other | 169 | 32.50 | 176 | 27.50 | 148 | 24.00 | 217 | 19.50 | 135 | 13.00 | 138 | 10.00 | 89 | 7.50 | 47 | 6.00 |
Total | 2,093 | 247.00 | 3,102 | 242.50 | 3,597 | 239.00 | 3,851 | 220.50 | 3,174 | 199.50 | 3,458 | 199.00 | 3,542 | 214.50 | 3,441 | 231.00 |
Orders and Average Communities by Product Type (Pct% of Totals) | ||||||||||||||||
4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | |||||||||
Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | Orders | Communities | |
Entry-Level | 54.8% | 44.9% | 61.4% | 49.1% | 69.8% | 53.8% | 68.7% | 59.6% | 71.7% | 66.9% | 76.2% | 72.6% | 80.7% | 75.3% | 83.5% | 77.3% |
1st Move-Up | 37.2% | 41.9% | 32.9% | 39.6% | 26.1% | 36.2% | 25.7% | 31.5% | 24.0% | 26.6% | 19.8% | 22.4% | 16.8% | 21.2% | 15.1% | 20.1% |
Other | 8.1% | 13.2% | 5.7% | 11.3% | 4.1% | 10.0% | 5.6% | 8.8% | 4.3% | 6.5% | 4.0% | 5.0% | 2.5% | 3.5% | 1.4% | 2.6% |
Total | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
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Home Closings and Home Closing Revenue (CY/PY)
Closings and Home Closing Revenue CY/PY
4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | |||||||||
Closings | Revenue | Closings | Revenue | Closings | Revenue | Closings | Revenue | Closings | Revenue | Closings | Revenue | Closings | Revenue | Closings | Revenue | |
Arizona | 28% | 33% | 55% | 54% | 10% | 14% | -3% | -1% | 21% | 22% | -11% | -9% | 13% | 17% | 24% | 35% |
California | 38% | 26% | 58% | 57% | 87% | 80% | 66% | 49% | 56% | 58% | 33% | 28% | 29% | 32% | -11% | -12% |
Colorado | -4% | -8% | 10% | 3% | 9% | -1% | 8% | 3% | -9% | -17% | -6% | -8% | -21% | -16% | -21% | -9% |
West Region | 23% | 19% | 43% | 38% | 24% | 28% | 17% | 19% | 25% | 27% | 1% | 4% | 10% | 15% | 3% | 4% |
Texas | -4% | -8% | 43% | 34% | 11% | 2% | 31% | 26% | 43% | 36% | 24% | 24% | 26% | 36% | -4% | 10% |
Central Region | -4% | -8% | 43% | 34% | 11% | 2% | 31% | 26% | 43% | 36% | 24% | 24% | 26% | 36% | -4% | 10% |
Florida | 17% | 17% | 4% | 3% | 31% | 24% | 12% | 5% | 41% | 25% | 77% | 50% | 21% | 16% | 14% | 12% |
Georgia | -3% | -7% | -3% | 0% | 36% | 36% | 28% | 34% | 24% | 29% | 27% | 31% | 3% | 6% | -22% | -17% |
No.Carolina | 60% | 57% | 42% | 40% | 47% | 40% | 43% | 27% | 23% | 14% | 35% | 35% | 15% | 21% | 26% | 48% |
So. Carolina | -29% | -32% | -7% | -11% | 40% | 30% | 4% | 7% | 46% | 48% | 60% | 60% | -17% | -7% | 18% | 24% |
Tennessee | 63% | 64% | -5% | -3% | 11% | 9% | 42% | 38% | 21% | 7% | 87% | 54% | 90% | 84% | 27% | 28% |
East Region | 20% | 19% | 10% | 10% | 35% | 29% | 25% | 19% | 32% | 22% | 55% | 43% | 18% | 19% | 13% | 19% |
Total | 13% | 11% | 31% | 27% | 23% | 20% | 24% | 21% | 32% | 28% | 25% | 21% | 18% | 23% | 4% | 10% |
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Meritage Homes Corporation published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 16:12:04 UTC.