Number of Contracts

RECENT NEWS
Yahoo  Apr 27  Comment 
WASHINGTON (AP) — More Americans signed contracts to buy homes in March as the spring home buying season got underway.
Yahoo  Mar 28  Comment 
WASHINGTON (AP) — More Americans signed contracts to buy homes in February, with purchases surging in the Midwest ahead of the traditional spring buying season.
StreetInsider.com  Dec 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Towerstream+%28TWER%29+Signs+Record+Number+of+Contracts+for+November/7928533.html for the full story.
Mondo Visione  Mar 17  Comment 
On March 16, BM&FBOVESPA registered the highest daily volume of 2010, on the derivatives segment, with 4,155,992 contracts traded. The historical record of 4,355,624 contracts traded was established on April 17, 2008.




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This is the number of contracts the company to build new homes in the future. Each contract can be equated to one new house to be built.

Because of the high costs and intensive labor associated with home building, many home building companies only begin construction on new homes after the homebuyer has signed a contract. However, homebuyers can still cancel the contract, leaving the company with excess inventory.

The number of contracts is added to the company's Backlog Number of Homes and shows the amount of new homes for which the company expects to earn revenue from in the future.

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