Welcome to our dedicated page for Landsea Homes news (Ticker: LSEA), a resource for investors and traders seeking the latest updates and insights on Landsea Homes stock.
Landsea Homes Corp (LSEA) delivers innovative residential solutions through sustainable building practices and advanced home automation. This news hub provides investors and industry observers with essential updates on corporate developments, strategic initiatives, and market positioning in the energy-efficient homebuilding sector.
Access official press releases, earnings reports, and analysis of operational milestones. Key coverage areas include sustainability projects, community development updates, technology integrations, and regulatory compliance matters. The curated collection serves as a reliable resource for tracking LSEA's progress in major U.S. regions including Florida, Texas, and Metro New York.
Discover timely information about land acquisitions, partnership announcements, and recognition of green building achievements. Our neutral presentation of factual updates enables informed decision-making without speculative commentary. Bookmark this page for convenient access to LSEA's evolving narrative in residential construction innovation.
Landsea Homes (LSEA) reported strong Q2 2024 results with home sales revenue increasing 43.5% to $418.2 million. The company delivered 760 new homes, up 41% year-over-year, at an average sales price of $550,000. Net new home orders increased 34.5% to 760 units. Landsea Homes reported net income of $2.9 million or $0.08 per share, and adjusted net income of $13.3 million or $0.36 per share, a 9% increase from the previous year. Home sales gross margin was 14.9%, while adjusted gross margin reached 21.1%. The company's book value per share stood at $17.94. Landsea Homes maintains a strong liquidity position with $330.2 million available, including cash and credit facility.
Landsea Homes (Nasdaq: LSEA) has launched its High Performance Home program in the Dallas-Fort Worth market, following its expansion into the region in April. These homes prioritize sustainability, healthy living, energy savings, and connected living. Key features include:
- Apple Home™ integration for smart home automation
- REME HALO® air purifier for improved indoor air quality
- Energy-efficient appliances and LED lighting
- Upgraded roof insulation and efficient mechanical systems
The company aims to offer responsibly designed homes with advanced connectivity features. Landsea Homes recently launched sales for a new single-family home community called Lovers Landing in Forney, Texas, where prospective buyers can tour model homes and experience the High Performance Home features firsthand.
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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