A regional picture of the construction industry

Wojtek Gurak / Foter / Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0)

The first quarter results of two building groups, PulteGroup and D.R. Horton, show a relative picture of construction activity across the country. While home closings are decreasing in many regions, there are also reasons for optimism, as some regions exhibit growth.

PulteGroup’s results show that home closings decreased across regions. In the Southwest, they fell from 734 to 468. Only in the Northeast they increased from 302 to 343.

D.R. Horton results were a bit different. In the East, home closings grew from 574 to 763, as they did in the South Central region from 1,831 to 1,948. In the Southwest, closings decreased from 305 to 381.

Both companies’ results show that home closings in the Southwest are decreasing.

Read the full article at the HousingWire.

Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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