Here are the average selling prices for the big builders:
Home Builders(average selling price, thousands)
Standard Pacific $374
KB Home $219
DR Horton $214
Standard Pacificoutperforms on IPO hopes. Curiously, SPF, a move-up builder with heavy business in California, has been outperforming other builders recently.
Here's what Susquehanna had to say: "SPF is primarily a West Coast builder with an average selling price in CA of ~$519k.. Investors may be favoring the name in anticipation that the recent pop in West Coast tech IPO's, such as Facebook (FB), ZNGA, Z, LNKD, JIVE etc.., will spur home buying / spending, particularly from the move-up / luxury buyer. The move-up / luxury buyer equates to 73% of SPF's deliveries..."
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