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Why I'm Nervous About Housing
16 Apr 2012 EDT - CNBC.com
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Here are the average selling prices for the big builders:

Home Builders(average selling price, thousands)

Toll $586

Standard Pacific $374

PulteGroup $270

Ryland $251

Lennar $248

KB Home $219

DR Horton $214

Source: Susquehanna

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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