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 its agreement to acquire Vintage Estate Homes for $54.6 million in cash, marking its entry into the Florida and Texas housing markets. Vintage Estate Homes operates in high-growth areas including Orlando, Palm Bay, Melbourne, Austin, and San Antonio. The transaction is expected to close in early May 2021, pending customary conditions. This acquisition aligns with Landsea's strategic goals to expand in lucrative markets and provide high-quality homes, leveraging Vintage's strong reputation and customer-service focus.
Landsea Homes Corporation (NASDAQ: LSEA) announced plans to construct 65 new homes in a community named Nolin in Anaheim, CA, with development beginning this month and a grand opening expected in October 2021. The three-story townhomes will feature four floor plans ranging from 1,134 to 1,970 square feet, with amenities including a passive park and playground. Homes will incorporate smart home technology and air purification systems for healthier living. Landsea aims to provide modern living at accessible price points in a thriving area of Orange County.
Landsea Homes Corporation (Nasdaq: LSEA) announced the acquisition of 132 homesites in San Juan Capistrano, California, enhancing its portfolio in a historically significant area. The development will feature 43 detached homes and 89 townhomes, designed with Spanish and Farmhouse-style architecture. Home sizes will range from 1,200 to 2,000 square feet, offering modern amenities including smart home technology and high-performance features. The project's strategic location provides residents easy access to local attractions and outdoor activities, promising a desirable lifestyle.
Landsea Homes Corporation (LSEA) reported a significant increase in total home sales, rising 29% in 2020 versus 2019, with total homes in backlog up over sixfold. For Q4 2020, total revenue was $284.7 million with a slight decline from Q4 2019, yet homes delivered surged 111% to 587. The company anticipates 2021 revenue of approximately $883 million and 1,979 homes delivered, emphasizing a strategic shift to affordable housing. However, net losses were recorded, attributed to increased sales and marketing expenses and accounting adjustments from acquisitions.
Landsea Homes Corporation (Nasdaq: LSEA) announced that its Avora condominium community in Weehawken is nearly 90% sold, with over 10 contracts signed in the last eight weeks. The community features 183 residences with modern designs and high-end amenities, priced starting at $825,000. Sales velocity has been strong, reflecting buyer interest in luxury living post-pandemic. The company is also expanding into Manhattan with two new developments, 212 W. 93rd Street and FÖRENA, which will further enhance its market presence.
Landsea Homes Corporation (Nasdaq: LSEA) will hold a conference call on March 11, 2021, at 5:00 p.m. ET to discuss its financial results for Q4 and full year ended December 31, 2020. The company plans to release its financial results before the call. Interested parties can join via toll-free and international dial-in numbers and a live broadcast will be available on their website. A replay will be accessible until March 18, 2021. Landsea Homes is known for its innovative, sustainable residential developments in key U.S. markets.
Landsea Homes Corporation (Nasdaq: LSEA) reported strong preliminary financial results for Q4 and full year 2020. Total home sales increased by 29% YoY to approximately $734.6 million, with net new home orders surging 294% to 1,891 homes. In Q4 alone, home sales rose 3% to $284.7 million, with deliveries up 111% to 587 homes. The backlog reached 750 homes, reflecting a 520% increase. Management emphasizes ongoing market strength and plans for expansion into high-growth states like Texas and Florida.
Landsea Homes (Nasdaq: LSEA) announced the acquisition of 1,067 finished single-family homesites at Eastmark in Mesa and El Cidro in Goodyear, Arizona. This strategic purchase aims to meet the growing demand for modern housing in these sought-after areas. The Eastmark sites include 133 lots at Green Court and 90 lots at Auto Courts, while El Cidro features 844 lots ranging from 1,315 to 3,240 square feet. The homes will be part of Landsea's Performance and Garrett Walker Collections, offering innovative, affordable living options in desirable communities.
LF Capital Acquisition Corp. (NASDAQ: LFAC) has completed its business combination with Landsea Homes Incorporated, transforming it into a publicly listed company. The transaction was approved by LF Capital's board and stockholders on December 14, 2020. Starting January 8, 2021, Landsea Homes will trade under the symbols LSEA and LSEAW on Nasdaq. CEO John Ho highlighted the company's commitment to innovation and sustainability as key drivers for future growth, while former CEO Scott Reed emphasized the significance of this milestone for capitalizing on market opportunities.
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