This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

AV Homes, Inc. Announces First Quarter Results

Stock quotes in this article: AVHI

(2)  Includes impairment charges for inventory of approximately $0 and $152 for the three months ended March 31, 2013 and 2012, respectively.

(3) Includes homebuilding revenues of $9,933 and amenity revenues of $609 for the three months ended March 31, 2013.

Data from closings for the active adult and primary residential homebuilding segments for the three months ended March 31, 2013 and 2012 is summarized as follows:

For the three months ended March 31, Number of Units Revenues Average Price Per Unit
       
2013      
Active adult communities 39  $ 10,222  $ 262
Primary residential 42 9,933  $ 237
Total 81  $ 20,155  $ 249
       
2012      
Active adult communities 32  $ 7,984  $ 250
Primary residential 31 6,698  $ 216
Total 63  $ 14,682  $ 233

Data from contracts signed for the active adult and primary residential homebuilding segments for the three months ended March 31, 2013 and 2012 is summarized as follows:

  Gross Number   Contracts Signed,   Average
  of Contracts   Net of Dollar Price Per
For the three months ended March 31,  Signed Cancellations Cancellations Value Unit
           
2013          
Active adult communities 97 (13) 84 $ 19,038  $ 227
Primary residential 72 (21) 51 10,353  $ 203
Total 169 (34) 135 $ 29,391  $ 218
           
2012          
Active adult communities 66 (24) 42 $ 10,536  $ 251
Primary residential 75 (11) 64 12,668  $ 198
Total 141 (35) 106 $ 23,204  $ 219

Backlog for the active adult and primary residential homebuilding segments as of March 31, 2013 and 2012 is summarized as follows:

  Number of Dollar Average Price
As of March 31, Units Volume Per Unit
       
2013      
Active adult communities 108 $ 25,440  $ 236
Primary residential 131 27,713  $ 212
Total 239 $ 53,153  $ 222
       
2012      
Active adult communities 55 $ 14,243  $ 259
Primary residential 86 15,819  $ 184
Total 141 $ 30,062  $ 213
CONTACT: Media Contact: Ken Plonski
         480-214-7408
         k.plonski@avhomesinc.com

AV Homes, Inc. Logo

4 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,895.86 -147.04 -0.86%
S&P 500 1,958.36 -13.93 -0.71%
NASDAQ 4,454.3090 -39.0810 -0.87%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs