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 announced the release date for its second quarter 2024 financial results. The results will be published before the market opens on Thursday, August 1, 2024. A conference call will follow at 10:00 AM Eastern Time to discuss the earnings and answer questions. Investors can participate via a toll-free or international dial-in number, and the call will be available live and for replay on the company's investor relations website.
Landsea Homes (Nasdaq: LSEA) has acquired 129 homesites for Essex + Gage, an all-electric townhome community in Huntington Beach, CA. Expected to open in spring 2025, the community will feature 11 floorplans with 2 to 4 bedrooms, community amenities, and smart home technology. This marks Landsea Homes' entry into Huntington Beach and follows recent acquisitions in Anaheim and other Southern California locations. The company continues to grow its portfolio in desirable Southern California markets.
Landsea Homes Corp. (Nasdaq: LSEA) announced the acquisition of 44 homesites for a new community named Mason in Anaheim, CA, marking an expansion in Orange County. The community will feature three-story townhomes with four different floorplans, ranging from 772 to 2,007 square feet. Each home will be equipped with smart home automation technology supported by Apple HomeKit. Amenities include a neighborhood park and REME HALO® air purifiers to enhance indoor air quality. Sales are expected to begin later in the year. This acquisition follows a recent purchase of 500 homesites in Dublin, CA for a new master-planned community.
Landsea Homes announced the acquisition of 500 homesites for a master-planned community, Dublin Centre, in Dublin, California. This project will be the largest in the Bay Area for Landsea Homes, featuring 500 High Performance Homes, including single-family homes and townhomes. Development is set to begin in 2024, with sales starting in late 2025. The community will include amenities such as a swim center, water park, and proximity to parks and schools. Homes will feature advanced smart home technology and air purification systems. Pricing details are yet to be announced.
Landsea Homes (Nasdaq: LSEA) has appointed Aubrey Dym as Vice President of Land for its Dallas-Fort Worth division. Dym, who has over 16 years of experience in the real estate industry, will oversee land acquisition and development strategies. Her previous roles include leadership positions at Mill Creek Residential Trust, Taylor Morrison, and Beazer Homes. This move follows Landsea Homes' expansion into the Dallas-Fort Worth area with the acquisition of Antares Homes in January 2024. The appointment aims to bolster the company's growth and market presence in one of the fastest-growing metropolitan areas in the U.S.
Westwood Insurance Agency , an indirect subsidiary of The Baldwin Insurance Group, Inc., has announced a strategic collaboration with Landsea Homes. This partnership will allow Landsea Homes to offer home insurance to their customers through Landsea Insurance Agency using Westwood's technology platform. Westwood, specializing in personal lines insurance for the homebuilding industry, works with more than half of the top 40 homebuilders in the US, offering insurance to over 99% of the communities built by them. The collaboration aims to enhance the insurance buying experience by providing efficient home insurance solutions early in the home-buying journey.
Landsea Homes reported strong first-quarter 2024 results with net new home orders up by 23% year-over-year, total revenue of $294.0 million, and adjusted EBITDA of $17.0 million. The company also repurchased shares and reported pretax and net income figures. Landsea Homes' CEO highlighted the growth in home sales revenue, new home deliveries, and average selling prices. The company executed capital transactions to improve its balance sheet stability and is confident in achieving its goals for 2024.
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