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 (Nasdaq: LSEA) has closed on 65 homesites in Goodyear, Arizona, and commenced construction on a new neighborhood named Solvida in the Estrella community. Additionally, groundbreaking has begun for 616 new homes at Citrus Park, with model home construction anticipated to start this month. Solvida will feature 65 two-story homes priced from the $300Ks, while Citrus Park will offer homes ranging from 1,706 to 3,427 square feet, starting in the low $300Ks. Both communities will incorporate smart home technology and sustainability features, appealing to first-time and move-up buyers.
Landsea Homes Corporation (Nasdaq: LSEA) will announce its fourth quarter and full year 2022 financial results on March 7, 2023, before the market opens. A conference call will follow at 7:00 AM Pacific time (10:00 AM Eastern time) for discussion and Q&A. The call can be accessed via toll-free and international numbers, as well as a live broadcast on their website. Landsea Homes, based in Newport Beach, CA, has earned the 2022 Builder of the Year award for its significant transformation and success in developing homes across various states such as New York, Texas, and California.
Landsea Homes Corporation (Nasdaq: LSEA) has appointed Vince Ruffino as the new President for its Texas Division, aiming to leverage his extensive experience in homebuilding. Ruffino brings nearly 30 years of expertise, having previously worked with Richmond American Homes and Chesmar Homes. The company is focusing on developing nearly 60% of new homes in Kyle, Texas, emphasizing sustainable and innovative High Performance Homes. Mike Forsum, COO, expressed confidence in Ruffino's leadership while highlighting the potential of the fast-growing Kyle area.
Landsea Homes Corporation (Nasdaq: LSEA) has appointed Dan Kaiser as Vice President of Land for its Florida division. With nearly 30 years of experience in homebuilding, Kaiser will oversee land development operations and strategy in Central Florida. The company recently acquired 113 homesites in Apopka for a new community called Oak View, with land development set to begin this spring and sales expected to start in early 2024. Kaiser expressed enthusiasm for expanding Landsea's presence in Florida, highlighting their strong land positions and active communities.
Landsea Homes Corporation (Nasdaq: LSEA) announced the appointment of Heather Cammiso as the new President of its Arizona Division, effective January 17, 2023. Cammiso, a seasoned homebuilding executive with nearly 30 years of experience, previously held leadership roles at William Ryan Homes and other local builders. Her expertise is expected to enhance the company's operations as it navigates a transforming housing market. The company has been active in acquiring new homes since entering Arizona in 2018 and aims to maintain its top position among builders in the state. Previous president, Kaylee Smith, will transition to a new role in Texas.
Landsea Homes Corporation (Nasdaq: LSEA) reported significant growth in Q3 2022, with home sales revenue rising 56.3% to $326 million and net income increasing 130% to $20 million, or $0.49 per diluted share. The total homes delivered rose 43% to 543, while homes in backlog grew 18% to 1,285, valued at $741.1 million. Despite challenges such as rising interest rates impacting demand and a 9% cancellation rate, the gross margin improved significantly to 20.9%. The company anticipates new home deliveries of 750 to 800 in Q4 2022.
Landsea Homes Corporation (Nasdaq: LSEA) will announce its third quarter 2022 results on November 3, 2022, before market opening. A conference call is scheduled for the same day at 7:00 AM PT (10:00 AM ET) to discuss the financial outcomes and answer questions from participants. Interested parties can access the call via toll-free numbers or through a live broadcast on the company's website. Landsea Homes is recognized for its sustainable communities across various states and was awarded Builder of the Year for 2022.
Landsea Homes Corporation (Nasdaq: LSEA) announces that its luxury residential building FÖRENA in New York City has achieved 90% sales, with fewer than five residences remaining. Priced from $4.75M, the 12-story building offers 50 homes, designed by Morris Adjmi Architects, featuring high-quality finishes and amenities like a Zen Garden and fitness center. Located at Sixth Avenue and 14th Street, FÖRENA is at the intersection of vibrant neighborhoods and renowned parks. The company also recently sold out its Avora community in Weehawken, NJ.
Landsea Homes Corporation (Nasdaq: LSEA) announced the hiring of two new Vice Presidents of Sales and Marketing: Hector Lopez for Florida and Marc Rico for Northern California. Lopez brings over 18 years of experience, including a previous role at Taylor Morrison, while Rico has a background with D.R. Horton and Hydraloop, Inc. The company has also expanded its footprint by acquiring new homesites in Palm Bay, Florida. Recently, Landsea Homes was recognized as the 2022 Builder of the Year and ranked 47th on the Builder 100 list.
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