Where are homebuilders breaking ground?
A regional picture of home construction
However, keep in mind that the two homebuilders do not operate in every market.
So how does this disperse regionally?
According to Pulte’s earnings, most regions witnessed a drawback in regional home closings in the first quarter, with the southwest falling from 734 last quarter to 468. The only region to experience an uptick was the northeast, which grew from 302 to 343 closings. (click picture for bigger image)
For a second metric, D.R. Horton recorded an increase in home closings in the east (574 to 763), southeast 1,545 to 1,891) and south central (1,831 to 1,948). However, the company posted a drop in the southwest, falling to 305 from 381.