Welcome to our dedicated page for Landsea Homes Corporation news (Ticker: LSEA), a resource for investors and traders seeking the latest updates and insights on Landsea Homes Corporation stock.
Landsea Homes Corporation (Nasdaq: LSEA) stands as a premier residential homebuilder based in Dallas, Texas, renowned for designing and constructing exceptional homes and sustainable master-planned communities across some of the nation's most desirable markets. Since its inception in 2001, Landsea Homes has dedicated itself to crafting homes of unparalleled quality, comfort, and service, emphasizing eco-friendly construction and energy conservation.
Landsea Homes operates in prominent regions such as Arizona, California, Florida, Metro New York, and Texas, with a significant portion of its revenue being derived from home sales in Florida. The company’s expertise spans the development of suburban, single-family detached and attached homes, mid-and high-rise properties, and comprehensive master-planned communities.
Recently, Landsea Homes completed a landmark acquisition of Antares Homes, a Dallas-Fort Worth based homebuilder, significantly expanding its presence in Texas. This strategic move is part of the company's broader goal to become one of the leading homebuilders in the state. Additionally, the company announced the appointment of Melissa Kelly as President of the newly formed Dallas-Fort Worth Division, underscoring its commitment to the region.
Similarly, Landsea Homes has embarked on exciting projects in Arizona with the Wildera master-planned community in San Tan Valley. The development features a variety of single-family homes designed with modern architecture, promoting active lifestyles. The community offers an array of amenities, including parks, aquatic centers, and smart home automation technology supported by Apple HomeKit™.
Grounded in sustainability and innovation, Landsea Homes’ High Performance Homes are built with advanced home automation and energy-saving technologies, ensuring healthier and more comfortable living environments. These homes feature smart technology such as Apple® HomePod mini™, thermostat control, and energy-efficient systems that reduce both costs and environmental impact.
With a veteran team boasting worldwide experience and deep local expertise, Landsea Homes continues to enhance the lives of homebuyers, employees, and stakeholders through an unwavering dedication to quality and sustainability. For more information, visit Landsea Homes.
Landsea Homes Corporation (Nasdaq: LSEA) announced the acquisition of 42 new homesites at The Courtyards at Waterstone in Palm Bay, Florida. The homes will feature various floorplans from 1,800 to 2,850 square feet and will include smart home automation technologies. Phase 1 of the project is set to offer single-family homes with modern designs, while pre-sales will begin in early 2022. This expansion aligns with the company's strategy to penetrate growing markets in Florida, enhancing its portfolio of sustainable, high-quality residential communities.
Landsea Homes Corporation (LSEA) has secured a $500 million unsecured revolving credit facility, with an additional $350 million borrowing capacity under certain conditions. This move aims to refinance existing secured debt, reduce interest costs, and enhance operational efficiency. The Company reported a remarkable 163% year-over-year revenue growth in Q2 and a 40% increase in unit backlog. Executives believe the new facility will allow them to capitalize on growth opportunities and compete effectively for land deals.
Landsea Homes Corporation (Nasdaq: LSEA) announced it will release its third-quarter 2021 financial results on November 10, 2021, before market open. A conference call is scheduled for the same day at 7:00 AM Pacific time to discuss the results and address questions. Landsea Homes is a publicly traded residential homebuilder known for its sustainable master-planned communities and smart home technology. The company operates in several key U.S. markets including New York, California, and Texas, focusing on delivering energy-efficient homes.
Landsea Homes Corporation (Nasdaq: LSEA) has launched sales of new homes in Texas, specifically in the Belle Oaks and Vintage Oaks communities. Homes range from about $895,000 to $1,199,000, with sizes from 3,305 to 3,415 square feet. The Belle Oaks community features exclusive amenities and large wooded lots, while Vintage Oaks is recognized as the fastest-growing community in Texas Hill Country, offering extensive resort-style amenities. Both communities emphasize sustainable living with premier designer finishes and energy-efficient features.
Landsea Homes Corporation (Nasdaq: LSEA) announced the introduction of 'Healthy Lifestyle' features to its High Performance Homes program, aimed at enhancing air quality and promoting respiratory health. Key elements include low VOC materials, the REME HALO® whole-home air purifier, and smart thermostats. These innovations are designed to improve indoor air quality and overall well-being while reducing environmental impact. The company continues to lead in sustainable building practices, offering homes that integrate technology for energy efficiency and healthier living.
Landsea Homes Corporation (Nasdaq: LSEA) has successfully closed on 489 homesites located in the Monarch Hills community in Fontana, California, covering over 136 acres. This community is distinguished as the only master-planned development offering homes with views west of I-15. The project will feature five home types, including single-family homes, detached condos, and townhomes, with various customizable options. Monarch Hills will provide extensive amenities, promoting a desirable lifestyle for new residents.
Landsea Homes Corporation (Nasdaq: LSEA) has announced the acquisition of 20 new homesites at Bulow Creek Preserve in Ormond Beach, Florida. The site, featuring a championship golf course and various amenities, will enhance Landsea's presence in the area. Homes will range from 1,813 to 2,607 square feet and offer energy-efficient designs. New model homes are set to open for tours this fall. Bulow Creek Preserve is located near Atlantic Coast beaches and provides access to extensive recreational facilities, including hiking and canoeing trails.
Landsea Homes Corporation (Nasdaq: LSEA) has appointed Dave Felix as Vice President of Corporate Purchasing and National Contracts. Formerly the Director of Purchasing for Southern California, Felix will now manage national contract agreements and support division purchasing strategies. With extensive experience in the homebuilding industry, his role is crucial as the company expands in Texas and Florida. This strategic appointment positions Landsea Homes to enhance supply chain efficiencies and capitalize on market growth opportunities.
Landsea Homes Corporation (Nasdaq: LSEA) announced the acquisition of 80 homesites for the new Marlowe community in Glendale, Arizona. This strategic move aims to enhance Landsea’s presence in the Phoenix metro area, offering modern homes ranging from 1,800 to 2,500 square feet with advanced smart home features. Construction is set to begin in 2023, focusing on providing attainable housing options. The community will include a central park and is close to entertainment, shopping, and high-rated schools.
Landsea Homes Corporation (LSEA) reported a remarkable second quarter of 2021 with total revenue jumping 163% to $250.3 million compared to $95.1 million a year ago. Home sales surged 152% to $239.6 million, reflecting strong demand and a backlog of 1,197 homes valued at $630.2 million. The company raised its 2021 revenue outlook to $960 to $1.02 billion. Key performance metrics include a significant increase in gross margin to 17% and adjusted net income soaring to $17.5 million. The housing markets are expected to remain robust, driven by high demand.
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