Welcome to our dedicated page for Green Brick Partners news (Ticker: GRBK), a resource for investors and traders seeking the latest updates and insights on Green Brick Partners stock.
Green Brick Partners Inc. (GRBK) delivers integrated homebuilding solutions through strategic land development and builder partnerships. This news hub provides investors and industry observers with timely updates on the company's residential community projects, financial performance, and operational milestones.
Access official press releases and curated news covering land acquisition announcements, neighborhood development progress, and financial results. Our collection includes updates on Green Brick's unique approach combining classic architectural design with modern construction efficiencies across Texas and southeastern markets.
Key coverage areas include quarterly earnings disclosures, joint venture formations, community grand openings, and leadership updates. This resource enables stakeholders to track the company's progress in transforming raw land into thriving residential communities through its full-cycle development model.
Bookmark this page for streamlined access to GRBK's latest developments. Check regularly for updates on mortgage service innovations, municipal partnership announcements, and market expansion initiatives shaping the future of residential construction.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), has launched its new Windmore community in Princeton, Texas, to address the high housing demand in the Dallas/Fort Worth area. The community aims to cater to millennials and growing families by providing affordable, energy-efficient homes.
The homes, which come with standard features like tankless water heaters, LED lighting, and spray foam insulation, are Energy Star Certified. Buyers can choose from 15 floor plans ranging from 1,800 to 3,594 square feet, with prices starting in the $300,000 range.
Windmore includes amenities such as a fitness center, outdoor pool, and walking trails, with inventory homes available for immediate move-in.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), announces the development of Ragsdale Ranch, a master-planned community in Georgetown, Texas. This community will feature 1,161 homes on 335.84 acres, blending local aesthetics with modern architecture. Homes will range from the low $400,000s to the low $600,000s, and offer various lot sizes and floor plans. Construction starts in 2026, with model homes available by mid-2027. Residents will enjoy resort-style amenities and access to top-rated schools in the Georgetown Independent School District. Georgetown is known for its rapid growth, family-friendly environment, and natural beauty.
The Providence Group announces the grand reopening of Grant Place, a premier condominium community in Grant Park, Atlanta. The new model home, part of Phase II, showcases modern, luxury designs with two bedrooms and two baths, ranging from 1,480 to 1,567 sq ft. Featuring upscale finishes, the model includes white and grey interiors accented by shades of blue, full tile backsplashes, and black and gold lighting. Conveniently located near popular amenities, the community offers private garages, elevator access, balconies, and high-tech security. The grand reopening event is scheduled for June 20.
Lakeside at Tessera, a community along the north shores of Lake Travis, Texas, has announced the addition of Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), as a builder in their upcoming expansion.
Trophy Signature Homes will offer 40’ homesites with one- and two-story floor plans, catering to first-time homebuyers. The homes will include standard features showcased in model homes, all being Energy Star Certified with amenities such as tankless water heaters and LED lighting.
Residents of Lakeside at Tessera will have access to numerous amenities including a waterfall edge pool, children’s splash pad, hike and bike trails, and a private boat launch. Home prices will start in the high $300,000s, with a model home opening in July 2024.
The Providence Group announced the sale of tickets for the 2024 St. Jude Dream Home in Atlanta, beginning May 16, 2024. Each $100 ticket will enter buyers into a raffle for a newly built home in Brackley, just over a mile from Cumming City Center. The home, featured in The Providence Group's latest neighborhood, includes 4 bedrooms, 3.5 bathrooms, and spans 2,676 sq. ft. Proceeds from the 20,000 tickets aim to raise over $2 million for St. Jude Children's Research Hospital. The raffle will take place on August 15, 2024. Buyers before June 14, 2024, also enter a draw for a Michael Phelps Legend Series LSX 900 hot tub and a $10,000 furniture certificate.
Green Brick Partners, Inc. reported record first quarter 2024 results with diluted EPS of $1.82, up 32.8%, a record homebuilding gross margin of 33.4%, net new home orders of 1,071, backlog of $725 million, and debt to total capital of 18.3%. The company saw strong sales performance with a decrease in cancellation rates and overall average incentive rates, leading to a sequential increase in net new home orders.
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