TABLE OF CONTENTS
Overview...................................................................................................................................................................................................... 5
Conclusions From Our Data. ......................................................................................................................................................................6
Methodology And Caveats. .........................................................................................................................................................................8
Community Count By City And State
Current Community Count (Aggregate). ........................................................................................................................................ 12
Year-Over-Year Community Count Change (Aggregate). ............................................................................................................... 16
Community Count By Homebuilder
Beazer Homes USA, Inc...................................................................................................................................................................23
D.R. Horton, Inc. .............................................................................................................................................................................25
Hovnanian Enterprises, Inc. ........................................................................................................................................................... 27
KB Home, Inc...................................................................................................................................................................................29
Lennar Corporation ........................................................................................................................................................................ 31
MDC Holdings, Inc. .........................................................................................................................................................................33
Meritage Homes Corporation..........................................................................................................................................................35
NVR, Inc. .......................................................................................................................................................................................... 37
Pulte Homes, Inc..............................................................................................................................................................................39
Pulte Homes, Inc. /Centex Corporation Merger (August 18, 2009) .................................................................................... 41
Ryland Group, Inc............................................................................................................................................................................43
Standard Pacific Corporation. .........................................................................................................................................................45
Toll Brothers, Inc. ............................................................................................................................................................................47