On the eve of its merger with Lennar Corporation, CalAtlantic Group, Inc. (NYSE: CAA) today announced selected operating results for the fourth quarter and fiscal year ended December 31, 2017.
- Net new orders in the 2017 fourth quarter increased 20% versus the prior year period;
- Incentives in orders decreased 80 bps year-over-year to 5.0%;
- End of year backlog value improved 21% versus prior year end;
- End of year backlog margin of 21.1%, up 70 bps versus prior year end.
