Two big facts that are missing from the sales numbers are:
1. How many homes were sold in each state that they do business?
2. What was the total dollar amount of sales per state?
I would really like to know how many homes and $$$ were generated from CA sales.
Since they build homes in many states and areas that are not bubble markets that did not have the massive, run-up in prices like CA.
This means that the homes that they sell in non-bubble markets have to be priced commensurate (or better) with other homes that are for sale in their respective markets or they won’t sell. In South Carolina, a median priced home relates directly to median income. If it didn’t, anyone attempting to sell a home would be wasting their time. This basic fundamental needs to return to the CA housing market.
