Homebuilder posts sales growth

BONITA SPRINGS — Developer and homebuilder WCI Communities says sales rose nearly 10% in the fourth quarter ending Dec. 31, but profits declined compared with the same quarter one year ago on lower average selling prices for new homes.

WCI reported net income of $9.6 million on revenues of $165 million in the quarter. That compares with net income of $12.5 million on revenues of $121.5 million in the same quarter of 2014.

WCI delivered 299 homes in the fourth quarter, an increase of 25.6% compared with the same quarter in 2014, but the average selling price per home was $451,000, a decrease of 10.5%.