Want to see BZH full AI Analyst Report?
Backlog Units by Geography
Counts uncompleted home orders by region, offering forward revenue visibility and a read on demand strength, pricing power, and potential exposure if local markets or construction costs change before closings.Backlog unit counts plunged across regions through 2025 and only began to stabilize and recover in early‑2026, with the Southeast showing the strongest relative rebound. Management’s shift toward to‑be‑built sales and higher ASPs/backlog means backlog quality and dollar value are improving even as unit volumes fell, supporting margin upside; however, weak seasonal demand, higher mortgage costs and still‑modest EBITDA leave upside contingent on sustained sales pace and H2 demand rather than unit counts alone.
Date | West | East | Southeast |
|---|---|---|---|
Jun 30, 2026 | 680.00 | 348.00 | 275.00 |
Mar 31, 2026 | 687.00 | 315.00 | 297.00 |
Dec 31, 2025 | 547.00 | 227.00 | 234.00 |
Sep 30, 2025 | 525.00 | 228.00 | 192.00 |
Jun 30, 2025 | 766.00 | 336.00 | 250.00 |
Mar 31, 2025 | 931.00 | 368.00 | 227.00 |
Dec 31, 2024 | 973.00 | 341.00 | 193.00 |
Sep 30, 2024 | 965.00 | 315.00 | 202.00 |
Jun 30, 2024 | 1.29K | 417.00 | 240.00 |
Mar 31, 2024 | 1.30K | 407.00 | 334.00 |