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) has announced the upcoming release of its first-quarter 2023 financial results, set for May 3, 2023, before market open. A conference call will follow at 10:00 AM ET for detailed discussions and a Q&A session. The call will be accessible via multiple dial-in numbers, and it will also be available for replay on the company’s Investor Relations website.
Recognized as the 2022 Builder of the Year by BUILDER magazine, Landsea Homes operates in several prominent U.S. markets, including New York, California, and Texas, focusing on sustainable homebuilding. Further information is available on their official website.
Landsea Homes Corporation (Nasdaq: LSEA) reported significant growth in its financial performance for Q4 and full year 2022. Q4 home sales revenue increased by 25% YoY to $417.5 million, with net income at $25.6 million ($0.62 per share). For 2022, total revenue reached $1.4 billion, up 49%, with net income rising to $73.6 million ($1.70 per share). Despite a successful year, the company noted a decline in new orders and an increase in cancellations due to rising mortgage rates and reduced buyer confidence. The average home sales price in Q4 was $594,000, while new orders fell to 88 homes valued at $57.5 million. The company holds a strong balance sheet with liquidity of $301.4 million.
On March 6, 2023, Landsea Homes Corporation (Nasdaq: LSEA) announced the relocation of its corporate headquarters from Newport Beach, California, to Dallas, Texas. The new office spans 7,716 square feet at 1717 E. McKinney Street. CEO John Ho stated that this strategic move aligns with their coast-to-coast growth strategy and emphasizes their commitment to expanding in Texas. The Dallas location offers logistical benefits, a lower cost of living, and access to a skilled workforce. Landsea is currently active in homebuilding across several states, including Arizona, Florida, and California.
Landsea Homes (Nasdaq: LSEA) announced the appointments of Megan Bakel as Vice President of Sales and Marketing and Dan McFarland as Director of Sales for its Florida Division. Bakel, with over 17 years in the homebuilding industry, previously managed marketing for Ryan Homes in Florida. McFarland brings a successful sales background, having most recently served at Beazer Homes. These strategic hires aim to strengthen Landsea's position in Central Florida's competitive housing market, following the company's recognition as 2022 Builder of the Year and a leap to 47th on the Builder 100 list.
On February 15, 2023, Landsea Homes Corporation (Nasdaq: LSEA) launched Landsea Title, enhancing its financial services for homebuyers. This new title company aims to provide comprehensive title insurance and settlement services in Arizona, Florida, and Texas. CEO Mike Forsum stated that the new service ensures quality and efficient home buying experiences. Landsea Title will work with First American Title Company to streamline processes and customer satisfaction. Additionally, the recent launch of Landsea Mortgage empowers customers with a full-service loan process. This strategic move reflects Landsea's commitment to delivering integrated financial solutions.
On January 27, 2023, LF Capital Acquisition Corp. II filed a definitive proxy statement for a special meeting scheduled on February 15, 2023, to vote on amending its Certificate of Incorporation. This amendment proposes to increase monthly extension payments to $0.04 per share of Class A common stock. The company may incur a 1% federal excise tax on share redemptions related to this proposal but plans to cover these costs. Additionally, the deadline for redemption requests has been extended to February 17, 2023. Level Field, the SPAC sponsor, aims to merge with businesses in high-growth sectors and has raised $258.75 million since its IPO.
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