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 complete sellout of its first East Coast development, Avora, a luxury waterfront community in Weehawken, New Jersey. The community features 183 LEED-certified homes priced between $650K and $4M. Each residence is designed for modern living with gourmet kitchens, high ceilings, and outdoor terraces offering views of the Hudson River and Manhattan skyline. Avora includes resort-style amenities and a prime location near public transportation, proving the strong demand for Landsea's offerings.
Landsea Homes Corporation (NASDAQ: LSEA) has appointed Jeff Wochner as the new Central Florida Division President. With 17 years of experience, Wochner will oversee Florida operations and aims to enhance the company's growth in the state. Following its entry into Florida in 2021, Landsea has secured 103 new homesites in Kissimmee and strengthened its market position with the acquisition of Hanover Family Builders. The company was also named Builder of the Year for 2022 and ranked 47th on the Builder 100 list.
Landsea Homes Corporation (Nasdaq: LSEA) will release its second-quarter 2022 results on August 4, 2022, before the market opens. A conference call to discuss these results is scheduled for the same day at 7:00 AM Pacific time (10:00 AM Eastern time). Investors can join the call using the provided dial-in numbers. The company, recognized as the 2022 Builder of the Year by BUILDER magazine, specializes in residential homebuilding in key markets across the U.S., including New York, California, Florida, and Texas.
Landsea Homes Corporation (Nasdaq: LSEA) launched its High Performance Home Program across Florida, introducing advanced features in 24 active and future planned communities. This initiative, supported by Apple®, focuses on home automation, sustainability, energy savings, and healthy living. Homebuyers can experience automation features in model homes. The homes are built with eco-friendly materials, including energy-efficient appliances and air purification systems, promoting environmentally conscious living.
Landsea Homes (Nasdaq: LSEA) has announced the launch of Landsea Mortgage, powered by NFM Lending, enhancing the home financing experience for its customers. This service aims to provide a streamlined loan process with superior customer support. NFM Lending, licensed in 48 states, will assist in home loans, while Landsea Homes continues to ensure competitive rates and diverse financing options. The company recently reported over $1 billion in revenue and was named 2022 Builder of the Year, following significant growth and market expansion.
Landsea Homes Corporation (Nasdaq: LSEA) announced the acquisition of 103 homesites in the Storey Creek master-planned community, Kissimmee, Florida. This development will feature single-family homes ranging from 1,635 to 3,198 square feet. Sales are expected to start in spring 2023. The new community will include amenities such as a resort-style pool, fitness center, and sports courts, enhancing the quality of life for residents. The company aims to provide high-performance, sustainable homes with modern automation technologies, contributing to energy savings and healthier living.
Landsea Homes Corporation (Nasdaq: LSEA) announced a share repurchase agreement for approximately $30 million in common stock from its controlling stockholder, Landsea Holdings Corporation (LHC), at a price of $6.82 per share, approximately 5% below the previous closing price. The transaction has been unanimously approved by an independent Special Committee and is expected to close around June 2, 2022. Following the buyback, LHC will own about 23.6 million shares, equating to 57.8% of the outstanding shares. LHC will also adhere to a 90-day lock-up on its remaining shares.
SunPower Corp. (NASDAQ:SPWR) reported $350 million in GAAP revenue for Q1 2022, with a record $336 million in non-GAAP residential revenue, marking a 41% year-over-year growth. The company added 16,500 customers, a 40% increase, and entered Q2 with a record backlog of 13,800, up 169% year-over-year. SunPower is in late-stage talks with First Solar to develop an advanced residential solar panel and has launched a Dealer Accelerator Program to expand its dealer network. Despite a net loss of $2 million, the company is poised for continued growth in 2022, supported by strong customer demand and strategic investments.
Landsea Homes Corporation (LSEA) reported impressive first-quarter 2022 results, with total revenue soaring 97.1% to $316.2 million and net income of $13.1 million, or $0.28 per diluted share. Home deliveries increased 83.4% to 552 homes, while net new orders rose 50% to 637 homes. The backlog reached a record 1,605 homes valued at $930.4 million, and adjusted home sales gross margin improved to 29.0%. Additionally, the company authorized a share repurchase program of up to $20 million, reinforcing its commitment to shareholder value.
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