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William Lyon Home Orders Dip

Newport Beach-based William Lyon Homes Inc. Wednesday reported lower fourth-quarter home orders in California and companywide.

The number of new home orders in California dropped to 290 in the fourth quarter, compared to 330 a year earlier.

Including the company’s other two markets, Arizona and Nevada, William Lyon’s total orders for the fourth quarter fell 7%, to 460 homes.

The decrease in California orders came despite an increase in the number of sales locations in the state, which rose to 30 in the fourth quarter from 24 a year ago.

Companywide, new home orders per average sales location decreased to 10.5 for the quarter, versus 13.3 a year earlier.

For all 2005, William Lyon saw home orders fall slightly to 3,321, from 3,371 in 2004. In California, new-home orders remained flat, at 2,132 in 2005 compared to 2,112 in 2004.

On a positive note, the homebuilder closed sales on 1,069 homes in California in the fourth quarter, up from 850 a year ago. Companywide, William Lyon closed 1,468 homes last quarter, up from 1,210 a year ago.

The increase in homes closed is a big turnaround from just three months ago, when William Lyon closed sales on 650 homes, down 25% from a year earlier.

The company has a backlog of 731 homes in California that have been sold, but not closed, which is up from 602 homes a year ago.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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