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WCI orders hit record pace

By: Editorial Staff


Fourth-quarter figures show a 52 percent increase

Bonita Springs-based WCI Communities reported that fourth-quarter orders rose 152 percent to an all-time single quarter record $456.5 million from $180.9 million in the same period a year ago.

Unit orders for the quarter totaled 668, an increase of 81 percent from the 369 units obtained in the year earlier period.

Fourth quarter orders in both the traditional homebuilding and tower divisions showed strong increases over the previous year, with traditional homebuilding orders up 116 percent to $187.9 million and tower homebuilding orders up 186 percent to $268.6 million.

The company also announced the retirement of George Page, WCI's senior vice president of the tower division.

Page will act as an exclusive consultant to WCI in real estate and tower development following his retirement at the end of February.