However, new home orders -8.6% to 1,390, largely due to inclement weather and a slower-than-expected start to the spring selling season.
Total home closings -13% to 977, although average sales price from closings +7.5%.
Cancellation rate increases to 19.4% from 18.7%.
Home-building gross margin - excluding impairments and abandonments, as well as interest - grows to 19.7% from 15.9%.
Backlog from continuing operations drops to 2,163 homes from 2,211 a year earlier, although the sales value rises to $637.1M from $584.2M.
Expects adjusted EBITDA to grow by at least $45M. (PR)