New Home Sales – Cantilever Real Estate

KB Home CFO Robert Dillard to resign this month

May 3, 2026 by bp56691

KB Home Executive Vice President and Chief Financial Officer Robert R. “Rob” Dillard will step down from his role effective May 8, 2026, the Los Angeles-based homebuilder disclosed in a Form 8-K filed with the Securities and Exchange Commission on April 29. Dillard’s departure is “not related to any disagreement with KB Home or its […]

Smith Douglas Homes prioritizes pace over price, plays the long game

April 30, 2026 by bp56691

Smith Douglas posted 28% higher net new orders in Q1 2026, but gross margin fell to 19.6% as incentives hit 730 basis points.

Why LGI Homes is the clearest read on entry-level buyer math

April 30, 2026 by bp56691

A tale of two Spring Selling housing markets set the scene for LGI Homes’ Q1 2026 earnings release this week. Structurally, it’s not a market short on demand. Behaviorally and psychologically, though, it’s got homebuilders struggling to convert it. Team LGI’s performance – and every other public homebuilder in the current earnings cycle, for that […]

Century’s spec and land optionality model zigs as others zag

April 27, 2026 by bp56691

Century Communities raised gross margin to 17.8% and cut incentives to 12.5% as deliveries slowed to just over 2,000 in Q1 2026.

What if the housing shortage era is ending for some metros?

April 27, 2026 by bp56691

The Changing Landscape “This is not a forecast. A forecast is a prediction, the validity of which my ego and I are professionally responsible for. What I offer here is speculation – something that is likely enough to write about but not so likely that my ego hangs in the balance.” – George Friedman “When […]

PulteGroup targets margin stability through an upward mix shift

April 24, 2026 by bp56691

PulteGroup’s Q1 2026 ASP fell 5% to $542,000, incentives rose to 10.9%, and gross margin declined to 24.4%.

Meritage Q1 2026 shows why incentives are the new battlefield

April 24, 2026 by bp56691

The mid-spring earnings cycle has produced a common-language reality check for America’s public homebuilders: the operating backdrop worsened faster than many management teams expected. In such a context of nearly-universal challenge, doing less-worse may count as a win. Meritage Homes’ Q1 2026 numbers serve as a case in point Orders fell 5% year over year, […]

Taylor Morrison pares incentives and leans into buyer choice

April 23, 2026 by bp56691

Tactical discounts, escalating incentives, absorption-at-any-cost strategies, … you all well know the routine of buying sales and making next to no money in Spring 2026. But that’s not for everybody. Exceptions are out there, public and private. Taylor Morrison has chosen a playbook and is well into executing a game plan that leans on the […]

D.R. Horton executed again, and smaller builders feel the squeeze

April 21, 2026 by bp56691

D.R. Horton’s stock arc mapped a familiar story Tuesday. Of investor recognition. Of the power and primacy of no financial or operational surprises to the negative. Shares traded modestly higher on elevated volume following the company’s fiscal Q2 earnings release this morning, as investors processed a result that checked the right boxes: a beat on […]

How the post-war homebuilders built the modern playbook

April 20, 2026 by bp56691

If you want to understand the DNA of the modern American homebuilding industry, you don’t start in a boardroom or on Wall Street. You start in the aftermath of World War II. The men (and they were almost entirely men at the time) who came home from that war didn’t just return with discipline and […]