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.
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Landsea Homes Corporation (Nasdaq: LSEA) has announced the purchase of 45 finished homesites at the Village at Manor Commons in Manor, Texas. The new community will consist of 45 single-family homes offering seven different floorplans, with options for three to four bedrooms, and will range from approximately 1,400 to 2,400 square feet. Prices are anticipated to begin in the low-$300ks. Landsea Homes' expansion in Texas is driven by the growing number of young professionals moving out of rentals and buying homes in their communities due to their attainability and prime location. The greater Austin market is one of the fastest growing new home markets in the country, making it an attractive area for new homebuyers.
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End-of-Day
-3.42%
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Landsea Homes Corporation (Nasdaq: LSEA) has entered into a definitive agreement to acquire Antares Homes, a Dallas-Fort Worth based homebuilder, expanding its presence in the Dallas/Fort Worth metropolitan area. The $232.2 million cash transaction, including repayment of an anticipated $47.2 million of Antares Homes debt, is expected to close in early February of 2024, subject to customary closing conditions. This acquisition enhances Landsea Homes' transition to an asset-light business model and adds 2,298 owned or controlled lots to its portfolio, increasing entry-level and high-performance home offerings.
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-1.75%
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Landsea Homes Corporation (Nasdaq: LSEA) announced the appointment of Kelly Rentzel as General Counsel, bringing over 20 years of legal and financial services experience to the senior leadership team. Rentzel's background in helping companies grow business and expand into new territories aligns with the company's strategic growth plans.
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-0.6%
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Landsea Homes Corporation (Nasdaq: LSEA) has released its first environmental, social, and governance (ESG) report, detailing its sustainability initiatives and diversity efforts. The report aligns with the Sustainability Accounting Standards Board (SASB) Standards and the United Nations Sustainable Development Goals.
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0.41%
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Landsea Homes has closed on 50 homesites for a new community called Blossom at the Baldwin Park master-planned community in Patterson, California. The community will feature 50 modern single-family detached homes with floorplans ranging from 1,766 square feet to 2,449 square feet. Prices are anticipated to start in the high-$400ks. Sales are expected to begin in 2024.
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0.6%
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Landsea Homes Corporation reported financial results for the third quarter of 2023. Net income was $8.6 million, or $0.22 per diluted share. Pretax income was $12.5 million. Total revenue was $277.3 million. Net new home orders increased by 89% year-over-year. Adjusted EBITDA was $28.7 million. Book value per share was $17.28. The company repurchased 1,392,000 shares of common stock for $13.7 million.
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End-of-Day
1.67%
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Landsea Homes expands into the Colorado housing market through the acquisition of Richfield Homes. Lisa Wiebelhaus named President of Landsea Homes Colorado division. Landsea Homes' High Performance Home features include smart home automation technology. Colorado becomes the seventh homebuilding market for Landsea Homes.
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Rhea-AI Sentiment
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1.12%
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Landsea Homes Corporation to release third quarter 2023 results and host conference call
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-1.79%
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Landsea Homes Corporation announces pricing of underwritten secondary offering
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-8.48%
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Landsea Homes Corporation announces secondary offering of 4,207,574 shares of common stock. Company plans to repurchase up to 800,000 shares. No proceeds will go to the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.48%
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Landsea Homes Corporation
Nasdaq:LSEA
LSEA Rankings
LSEA Stock Data
353.59M
17.13M
49.92%
36.52%
2.79%
New Housing For-Sale Builders
Construction
United States of America
DALLAS
About LSEA
comfort. quality. service. these are the cornerstones upon which landsea builds your new home. our vision reaches beyond borders and beyond homebuilding because we understand that home is more than an address – it’s where you find comfort every day. landsea’s vision for home begins with a sustainable future, a mission pioneered by the company’s rich legacy as one of china’s leading developers and green builders. since 2001, the company has been building homes that strive toward innovation, drawing recognition from across the globe for their accomplishments in energy conservation, eco-friendly construction practices, comfort and healthy living. landsea blends unique international experience and advanced knowledge of technology with local expertise to present a distinctly better home to you and your family. from superior homes, family-oriented environments and quality at every level to enduring communities, our dedication starts and ends with you, ensuring everyday living in your h