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Landsea Homes Corporation - LSEA STOCK NEWS

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.

Rhea-AI Summary
Landsea Homes Corporation (Nasdaq: LSEA) has entered into a definitive agreement to acquire Antares Homes, a Dallas-Fort Worth based homebuilder, expanding its presence in the Dallas/Fort Worth metropolitan area. The $232.2 million cash transaction, including repayment of an anticipated $47.2 million of Antares Homes debt, is expected to close in early February of 2024, subject to customary closing conditions. This acquisition enhances Landsea Homes' transition to an asset-light business model and adds 2,298 owned or controlled lots to its portfolio, increasing entry-level and high-performance home offerings.
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Landsea Homes Corporation (Nasdaq: LSEA) announced the appointment of Kelly Rentzel as General Counsel, bringing over 20 years of legal and financial services experience to the senior leadership team. Rentzel's background in helping companies grow business and expand into new territories aligns with the company's strategic growth plans.
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Landsea Homes Corporation (Nasdaq: LSEA) has released its first environmental, social, and governance (ESG) report, detailing its sustainability initiatives and diversity efforts. The report aligns with the Sustainability Accounting Standards Board (SASB) Standards and the United Nations Sustainable Development Goals.
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Landsea Homes has closed on 50 homesites for a new community called Blossom at the Baldwin Park master-planned community in Patterson, California. The community will feature 50 modern single-family detached homes with floorplans ranging from 1,766 square feet to 2,449 square feet. Prices are anticipated to start in the high-$400ks. Sales are expected to begin in 2024.
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Landsea Homes Corporation reported financial results for the third quarter of 2023. Net income was $8.6 million, or $0.22 per diluted share. Pretax income was $12.5 million. Total revenue was $277.3 million. Net new home orders increased by 89% year-over-year. Adjusted EBITDA was $28.7 million. Book value per share was $17.28. The company repurchased 1,392,000 shares of common stock for $13.7 million.
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Landsea Homes expands into the Colorado housing market through the acquisition of Richfield Homes. Lisa Wiebelhaus named President of Landsea Homes Colorado division. Landsea Homes' High Performance Home features include smart home automation technology. Colorado becomes the seventh homebuilding market for Landsea Homes.
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Landsea Homes Corporation to release third quarter 2023 results and host conference call
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Landsea Homes Corporation announces pricing of underwritten secondary offering
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Landsea Homes Corporation announces secondary offering of 4,207,574 shares of common stock. Company plans to repurchase up to 800,000 shares. No proceeds will go to the Company.
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Landsea Homes acquires 191 homesites for new community Dusa in Ontario, CA
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FAQ

What is the current stock price of Landsea Homes Corporation (LSEA)?

The current stock price of Landsea Homes Corporation (LSEA) is $8.75 as of January 30, 2025.

What is the market cap of Landsea Homes Corporation (LSEA)?

The market cap of Landsea Homes Corporation (LSEA) is approximately 316.4M.

What kind of homes does Landsea Homes build?

Landsea Homes builds suburban single-family detached and attached homes, mid-and high-rise properties, and sustainable master-planned communities.

What recent acquisition did Landsea Homes complete?

Landsea Homes recently acquired Antares Homes, a Dallas-Fort Worth based homebuilder, for approximately $242.5 million.

In which regions does Landsea Homes operate?

Landsea Homes operates in Arizona, California, Florida, Metro New York, and Texas, among other sought-after markets.

What are High Performance Homes?

High Performance Homes by Landsea Homes feature advanced home automation technology, energy-saving systems, and are designed for healthier, more comfortable living.

What sustainable practices does Landsea Homes incorporate?

Landsea Homes integrates eco-friendly construction, energy conservation techniques, and utilizes smart home automation technology to promote sustainability.

Who is the President of Landsea Homes' new Dallas-Fort Worth Division?

Melissa Kelly has been named President of Landsea Homes' new Dallas-Fort Worth Division.

What amenities are offered at the Wildera master-planned community?

Wildera features amenities such as parks, aquatic centers, picnic areas, and smart home automation technology.

How does Landsea Homes ensure energy efficiency in its homes?

Landsea Homes ensures energy efficiency through innovations like smart thermostats, energy-efficient systems, and home automation supported by Apple HomeKit™.

Where can I find more information about Landsea Homes?

For more information, visit Landsea Homes' official website at Landsea Homes.

What is the significance of Landsea Homes' commitment to sustainability?

Landsea Homes' commitment to sustainability ensures reduced environmental impact, cost savings for homeowners, and healthier living environments.
Landsea Homes Corporation

Nasdaq:LSEA

LSEA Rankings

LSEA Stock Data

316.39M
23.34M
32.39%
53.59%
2.55%
Real Estate - Development
Operative Builders
Link
United States of America
DALLAS