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Capital Pacific orders grow, prices down

Newport Beach-based homebuilder Capital Pacific Holdings Inc. said new home orders rose 22% to 220 in the quarter ended Nov. 30.

The company said its backlog for new homes stood at 386 as of Nov. 30, representing $95 million in potential revenue. The backlog nearly doubled from 194 homes last February, the company said, with the opening of six new developments last year.

Capital Pacific said it ...

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