Landsea Homes Corp Stock Price, News & Analysis

Landsea Homes Corporation (Nasdaq: LSEA) has appointed Dan Kaiser as Vice President of Land for its Florida division. With nearly 30 years of experience in homebuilding, Kaiser will oversee land development operations and strategy in Central Florida. The company recently acquired 113 homesites in Apopka for a new community called Oak View, with land development set to begin this spring and sales expected to start in early 2024. Kaiser expressed enthusiasm for expanding Landsea's presence in Florida, highlighting their strong land positions and active communities.

Landsea Homes Corporation (Nasdaq: LSEA) announced the appointment of Heather Cammiso as the new President of its Arizona Division, effective January 17, 2023. Cammiso, a seasoned homebuilding executive with nearly 30 years of experience, previously held leadership roles at William Ryan Homes and other local builders. Her expertise is expected to enhance the company's operations as it navigates a transforming housing market. The company has been active in acquiring new homes since entering Arizona in 2018 and aims to maintain its top position among builders in the state. Previous president, Kaylee Smith, will transition to a new role in Texas.

Landsea Homes Corporation (Nasdaq: LSEA) reported significant growth in Q3 2022, with home sales revenue rising 56.3% to $326 million and net income increasing 130% to $20 million, or $0.49 per diluted share. The total homes delivered rose 43% to 543, while homes in backlog grew 18% to 1,285, valued at $741.1 million. Despite challenges such as rising interest rates impacting demand and a 9% cancellation rate, the gross margin improved significantly to 20.9%. The company anticipates new home deliveries of 750 to 800 in Q4 2022.

Landsea Homes Corporation (Nasdaq: LSEA) will announce its third quarter 2022 results on November 3, 2022, before market opening. A conference call is scheduled for the same day at 7:00 AM PT (10:00 AM ET) to discuss the financial outcomes and answer questions from participants. Interested parties can access the call via toll-free numbers or through a live broadcast on the company's website. Landsea Homes is recognized for its sustainable communities across various states and was awarded Builder of the Year for 2022.

Landsea Homes Corporation (Nasdaq: LSEA) announces that its luxury residential building FÖRENA in New York City has achieved 90% sales, with fewer than five residences remaining. Priced from $4.75M, the 12-story building offers 50 homes, designed by Morris Adjmi Architects, featuring high-quality finishes and amenities like a Zen Garden and fitness center. Located at Sixth Avenue and 14th Street, FÖRENA is at the intersection of vibrant neighborhoods and renowned parks. The company also recently sold out its Avora community in Weehawken, NJ.

Landsea Homes Corporation (Nasdaq: LSEA) announced the hiring of two new Vice Presidents of Sales and Marketing: Hector Lopez for Florida and Marc Rico for Northern California. Lopez brings over 18 years of experience, including a previous role at Taylor Morrison, while Rico has a background with D.R. Horton and Hydraloop, Inc. The company has also expanded its footprint by acquiring new homesites in Palm Bay, Florida. Recently, Landsea Homes was recognized as the 2022 Builder of the Year and ranked 47th on the Builder 100 list.

Landsea Homes (Nasdaq: LSEA) announced the acquisition of approximately 136 acres in Pinal County, Arizona, for a new community named Wildera. This development will feature 461 homes, designed for first-time and move-up buyers, and will include a range of amenities such as a 13-acre park and an aquatic center. Construction is set to start immediately, aiming for a grand opening in December 2023. Wildera will incorporate Landsea's High Performance Home features, including smart home technology designed to enhance comfort and energy efficiency.

Landsea Homes Corporation (NASDAQ: LSEA) has acquired 95 homesites in the Waterstone community of Palm Bay, Florida, expanding its offerings with two new neighborhoods: The Gardens and The Courtyards at Waterstone. The Gardens will feature 62 homes on 40-foot lots, while The Courtyards offers 33 homes on larger 50-foot and 60-foot lots. Both neighborhoods include High Performance Home features, promoting energy efficiency and smart home technology. The company aims to cater to first-time and move-up buyers in a growing market driven by local aerospace industry growth.