Core Viewpoint - Hovnanian Enterprises reported mixed financial results for the first quarter of fiscal 2026, with revenue declining 6% year-over-year primarily due to a 12% drop in home deliveries, while adjusted profitability fell 24% due to increased incentives [1][7]. Financial Performance - Total revenue for the first quarter was $632 million, near the high end of the company's guidance range [3]. - Adjusted EBITDA was reported at $63 million and adjusted pretax income at $31 million, both significantly exceeding prior guidance [2][7]. - The adjusted gross margin was 13.4%, slightly below expectations, while SG&A expenses were 13.3% of revenue, better than the low end of guidance [3]. Market Conditions and Strategy - The housing market remains challenging, characterized by affordability pressures and low consumer confidence [4]. - Incentives accounted for 12.6% of the average sales price, with a significant portion tied to mortgage rate buydowns, reflecting a 290 basis point increase year-over-year [8]. - The company is prioritizing sales volume over profit margins, maintaining incentives to sell older, lower-margin land [9]. Sales Trends and Buyer Engagement - Contract activity showed signs of improvement, with January contracts up 11% year-over-year and February month-to-date contracts up 13% [12]. - Quick move-in homes (QMIs) represented 71% of total sales, although this was a decrease from previous quarters [15]. - The backlog conversion ratio improved to 88%, the highest since 2023, with 41% of homes delivered sold and closed within the same quarter [16]. Balance Sheet and Capital Management - The company ended the quarter with $471 million in liquidity and a net debt-to-capital ratio of 41.4%, significantly improved from 146.2% in early fiscal 2020 [6][21]. - Hovnanian has a disciplined land-light strategy, controlling 35,560 domestic lots, which represents a 6.7-year supply [22]. - The company recorded a one-time $27 million gain from joint ventures, reflecting a normal part of its operational cycle [18]. Future Outlook - Guidance for the second quarter includes total revenue expectations of $625 million to $725 million and adjusted pretax income ranging from breakeven to $10 million [26]. - Management anticipates improved contract activity and contributions from higher-margin communities in the latter half of fiscal 2026 [23].

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating United Homes Group, Inc. for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale that would cash out shareholders at a significantly reduced price of $1.18 per share, representing over a 50% discount from the last trading price of $2.38 [1][2][3] Group 1: Investigation Details - The investigation focuses on whether the proposed sale price of $1.18 per share is unfairly low compared to the market value prior to the announcement [3] - United Homes Group announced its agreement to become a wholly owned subsidiary of Stanley Martin Homes, LLC on February 23, 2026, which triggered the investigation [2] Group 2: Shareholder Actions - Current shareholders of United Homes Group are encouraged to seek additional information and may have legal options available to them [2][4] - Bleichmar Fonti & Auld LLP operates on a contingency fee basis, meaning shareholders will not incur costs for court expenses or litigation [4] Group 3: Firm Background - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm specializing in securities class actions and shareholder litigation, with a strong track record of recovering significant amounts for clients [5]

PUYALLUP, Wash., Feb. 27, 2026 (GLOBE NEWSWIRE) -- LGI Homes, INC. (NASDAQ: LGIH) announced the Grand Opening of Meadow Brook, a new community in Puyallup, Washington. Featuring upgraded homes from the $500s, Meadow Brook expands the Company’s presence in the Seattle market and delivers new housing opportunities in a highly sought-after area near Tacoma. “We’re excited for the Grand Opening of Meadow Brook in Puyallup, where we’ve had a strong history of success with four previous communities,” stated Zacha ...

The Gregory Floorplan at Meadow Brook The four-bedroom, two-and-a-half-bath Gregory plan features the LGI Homes CompleteHome Plus package. PUYALLUP, Wash., Feb. 27, 2026 (GLOBE NEWSWIRE) -- LGI Homes, INC. (NASDAQ: LGIH) announced the Grand Opening of Meadow Brook, a new community in Puyallup, Washington. Featuring upgraded homes from the $500s, Meadow Brook expands the Company’s presence in the Seattle market and delivers new housing opportunities in a highly sought-after area near Tacoma. “We’re excit ...

Core Viewpoint - Meritage Homes reported mixed results for Q4 2025, with adjusted earnings exceeding estimates while total revenues fell short, indicating ongoing challenges in the housing market [2][4]. Earnings and Revenue Summary - Adjusted earnings per share (EPS) were $1.67, surpassing the Zacks Consensus Estimate of $1.55 by 7.7%, but down 30.1% year-over-year from $2.39 [4]. - Total revenues amounted to $1.436 billion, a decline from $1.622 billion in the previous year [4]. Segment Performance - Homebuilding revenues were $1.428 billion, down 12% year-over-year and missing the consensus estimate by 5.2% [5]. - Home closing revenues of $1.406 billion also fell 12% year-over-year due to lower average selling prices (ASPs) and reduced closing volumes [5][6]. - Land closing revenues increased by 21% year-over-year to $21.1 million [5]. Operational Metrics - The company closed 3,755 homes, down from 4,044 units in the prior year, with an ASP decline of 5% to $375,000 [6]. - Total home orders decreased by 2% year-over-year to 3,224 units, with a dollar value drop of 9% to $1.206 billion [6]. - The backlog at quarter-end was 1,168 units, down 24% year-over-year, with a value decrease of 30% to $440.6 million [7]. Margin and Cost Analysis - Home closing gross margin contracted by 670 basis points to 16.5%, influenced by non-recurring charges and higher lot costs [7]. - Adjusted home closing gross margin was 19.3%, down 400 basis points year-over-year [7]. - SG&A expenses as a percentage of home closing revenues were 10.6%, slightly down from 10.8% in the prior year [8]. Financial Position - Meritage Homes ended 2025 with $775.2 million in cash and equivalents, an increase from $651.6 million at the end of 2024 [10]. - The debt-to-capital ratio was 26%, with a net debt-to-capital ratio of 16.9% [10]. - The company repurchased 4,289,984 shares for $295 million and paid $121 million in dividends during 2025 [10]. Future Guidance - The company anticipates home closing volume and revenue to remain consistent with full-year 2025 results [11]. Estimate Trends - There has been a downward trend in estimates, with the consensus estimate shifting down by 19.34% [12]. VGM Scores - Meritage has a subpar Growth Score of D, a Momentum Score of C, and a Value Score of D, placing it in the bottom 40% for investment strategy [13]. Outlook - Estimates are trending downward, leading to a Zacks Rank of 5 (Strong Sell), indicating expectations of below-average returns in the coming months [14].

New luxury condos offer a modern lifestyle in a prime location near downtown DecaturDECATUR, Ga., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the highly anticipated release of its final condo building at New Talley Station, a vibrant community located in the heart of Decatur, Georgia. With prices starting from the low $400,000s, this represents the final opportunity to purchase a new luxury condo in this unique enclave close ...

The Harbor Capital Advisors released its “Mid Cap Value Fund’s” Q4 2025 investor letter. A copy of the letter can be downloaded here. Harbor Mid Cap Value Fund, subadvised by LSV Asset Management, delivered solid outperformance in the fourth quarter of 2025, with the Institutional Class returning 4.07% versus 1.42% for the Russell Midcap Value Index, benefiting from strength in value stocks as the Russell Midcap Growth Index declined 3.7% during the period. U.S. equities broadly advanced, with the S&P 500 ...

Homebuilder's new Tucson Design Studio offers convenient access to a one-of-a-kind experience where customers can get both expert advice and the opportunity to personalize their new home. At the KB Home Design Studio, every homebuyer is assigned a personal design consultant, who will expertly guide them through the entire design experience and help them make decisions that fit their style and budget. KB homebuyers will discover new ways to get inspired through immersive interactive displays and have the opp ...

KB HOME ANNOUNCES THE GRAND OPENING OF ITS NEWEST COMMUNITY IN SAN JACINTO, CALIFORNIA [Accessibility Statement] Skip NavigationSmith's Landing offers personalized new homes on large homesites with a planned community park and walking distance to schools, affordably priced from the mid $400,000s.SAN JACINTO, Calif., Feb. 27, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Smith's Landing, a new-home community in San ...

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating United Homes Group, Inc. for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale that offers shareholders $1.18 per share, significantly lower than the recent trading price of $2.38, representing over a 50% discount [1][2][3]. Group 1: Investigation Details - The investigation focuses on whether the proposed sale price of $1.18 per share is unfairly low compared to the stock's previous closing price [2][3]. - The deal would result in all stockholders being cashed out, raising concerns about the board's fiduciary responsibilities to ensure fair value for shareholders [1][3]. Group 2: Shareholder Actions - Current shareholders of United Homes Group are encouraged to seek additional information and may have legal options available to them [2][4]. - The law firm operates on a contingency fee basis, meaning shareholders will not incur costs unless the case is successful [4].