Landsea Homes Corp Stock Price, News & Analysis

Landsea Homes Corporation (Nasdaq: LSEA) will host a conference call on May 6, 2021, at 5:00 p.m. Eastern time to discuss its financial results for Q1 2021, ending March 31, 2021. The call will be preceded by a press release detailing the financial results. Participants are advised to call 5-10 minutes early to register. A replay of the call will be available post-event through May 13, 2021. Landsea Homes is known for its sustainable, innovative residential builds across desirable markets, enhancing lifestyles while focusing on environmental responsibility.

Landsea Homes Corporation (Nasdaq: LSEA) announced its agreement to acquire Vintage Estate Homes for $54.6 million in cash, marking its entry into the Florida and Texas housing markets. Vintage Estate Homes operates in high-growth areas including Orlando, Palm Bay, Melbourne, Austin, and San Antonio. The transaction is expected to close in early May 2021, pending customary conditions. This acquisition aligns with Landsea's strategic goals to expand in lucrative markets and provide high-quality homes, leveraging Vintage's strong reputation and customer-service focus.

Landsea Homes Corporation (NASDAQ: LSEA) announced plans to construct 65 new homes in a community named Nolin in Anaheim, CA, with development beginning this month and a grand opening expected in October 2021. The three-story townhomes will feature four floor plans ranging from 1,134 to 1,970 square feet, with amenities including a passive park and playground. Homes will incorporate smart home technology and air purification systems for healthier living. Landsea aims to provide modern living at accessible price points in a thriving area of Orange County.

Landsea Homes Corporation (Nasdaq: LSEA) announced the acquisition of 132 homesites in San Juan Capistrano, California, enhancing its portfolio in a historically significant area. The development will feature 43 detached homes and 89 townhomes, designed with Spanish and Farmhouse-style architecture. Home sizes will range from 1,200 to 2,000 square feet, offering modern amenities including smart home technology and high-performance features. The project's strategic location provides residents easy access to local attractions and outdoor activities, promising a desirable lifestyle.

Landsea Homes Corporation (LSEA) reported a significant increase in total home sales, rising 29% in 2020 versus 2019, with total homes in backlog up over sixfold. For Q4 2020, total revenue was $284.7 million with a slight decline from Q4 2019, yet homes delivered surged 111% to 587. The company anticipates 2021 revenue of approximately $883 million and 1,979 homes delivered, emphasizing a strategic shift to affordable housing. However, net losses were recorded, attributed to increased sales and marketing expenses and accounting adjustments from acquisitions.

Landsea Homes Corporation (Nasdaq: LSEA) announced that its Avora condominium community in Weehawken is nearly 90% sold, with over 10 contracts signed in the last eight weeks. The community features 183 residences with modern designs and high-end amenities, priced starting at $825,000. Sales velocity has been strong, reflecting buyer interest in luxury living post-pandemic. The company is also expanding into Manhattan with two new developments, 212 W. 93rd Street and FÖRENA, which will further enhance its market presence.

Landsea Homes Corporation (Nasdaq: LSEA) will hold a conference call on March 11, 2021, at 5:00 p.m. ET to discuss its financial results for Q4 and full year ended December 31, 2020. The company plans to release its financial results before the call. Interested parties can join via toll-free and international dial-in numbers and a live broadcast will be available on their website. A replay will be accessible until March 18, 2021. Landsea Homes is known for its innovative, sustainable residential developments in key U.S. markets.

Landsea Homes Corporation (Nasdaq: LSEA) reported strong preliminary financial results for Q4 and full year 2020. Total home sales increased by 29% YoY to approximately $734.6 million, with net new home orders surging 294% to 1,891 homes. In Q4 alone, home sales rose 3% to $284.7 million, with deliveries up 111% to 587 homes. The backlog reached 750 homes, reflecting a 520% increase. Management emphasizes ongoing market strength and plans for expansion into high-growth states like Texas and Florida.