Higher prices boost William Lyon Homes results

Q2 net income of $12.285M or $0.38 per share vs. $6.85M and $0.29 one year ago.

Home sales revenue of $168.2M up 39% with ASP up 43% to $500.5K. New home deliveries of 336 down 3%.

Net new home orders of 360 up 8%; dollar value of $195.4M up 27%.

41 active selling communities up 28%. The Polygon acquisition added 12 in the Pacific Northwest. About 75 active selling communities are expected by mid-2015.

Backlog of 544 units up 6%; backlog value of $303.3M up 47%.

Previously: William Lyon Homes beats by $0.04, beats on revenue

WLH -0.9%

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