Monday, September 22, 2008

Engle Homes Lead in Sales So Far in Central Florida

A survey by Maitland-based Charles Wayne Consulting Inc. shows that, from January through June, the busiest home builder in the Orlando area was Engle Homes, which closed on 210 single-family properties to lead all production builders in Orange, Seminole and Osceola counties.

That gave Engle Homes a 12.9 percent share of the Orlando market through the first half of the year. The company's homes sold for an average of $393,700, giving Engle $82.7 million in sales for the period.

Pulte Homes/Del Webb/DiVosta ranked second with 148 closings, or 9.1 percent of the three-county market, and $55.6 million in sales.

Lennar/U.S. Home was third with a 6.5 percent share consisting of 105 homes that sold for a combined $27.5 million. M/I Homes sold 99 homes, or 6.1 percent, for $38 million. Maronda Homes ranked fifth with 97 closings, 6 percent of the total, for $23.1 million. Rounding out the top 10: KB Home, Ryland Group, Park Square Homes, Centex/Fox & Jacobs Homes and Meritage Homes.

The highest average sale price was recorded by Centerline Homes, which sold 20 homes averaging $536,100 each. David Weekley Homes, was next highest, with a $482,400 average for the 48 it sold. The top 20 builders captured 89 percent of the total production market, the survey found, with 1,456 closings worth $484 million, or $332,300 apiece on average. All single-family production builders combined closed on 1,624 homes for $545 million, averaging $335,700. Custom-home sales were not included in the survey.