Orders jumped to a single-quarter record $456.5 million, up from $180.9 million during the same period the year before. Fourth-quarter unit orders were 668, a 81% increase compared with the 369 units obtained in that quarter the year before. Orders that quarter had significant increases in both the tower and traditional homebuilding divisions. Tower homebuilding orders were up 186% to $268.6 million.
For 2003, orders increased 49% to a record $1.5 billion. During that time, the tower division saw 66% growth in new orders to $728 million.
On the personnel front, Page will serve as an exclusive WCI consultant in real estate and tower development after he retires at the end of next month. Chris Hanlon, a 12-year executive of the company's tower division, has taken on the role of managing WCI's Florida tower operations.
"Looking back on my years at WCI, there are three things of which I am most proud: my role in growing the tower division's ranks of talented employees, the considerable financial contributions the tower division has made to WCI's overall profitability and, of course, the quality of the tower product itself," Page says in a statement. "WCI's tower division is truly unique among large homebuilders, and we are recognized today for our expertise in creating a wide range of tower lifestyles.
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