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Toll Brothers Announces Grand Opening of Clubhouse Amenities at its Regency at Holly Springs Community in Holly Springs, North Carolina
Globenewswire· 2025-06-25 17:44
Core Insights - Toll Brothers, Inc. has announced the grand opening of new amenities at Regency at Holly Springs, a luxury 55+ active-adult community in North Carolina [1][2]. Group 1: Community Features - The newly opened amenities include a resort-style pool, clubhouse, state-of-the-art fitness center, and courts for pickleball and bocce, along with social membership to 12 Oaks Country Club [2][4]. - The community is designed for socialization and relaxation, providing private amenities exclusively for residents [2]. Group 2: Home Offerings - Homebuyers can choose from luxury homes with first-floor primary bedroom suites, with sizes ranging from 1,680 to over 2,900 square feet, featuring 2 to 3 bedrooms and 2 to 4 baths [4]. - Homes are priced starting from the mid-$500,000s [4]. Group 3: Location and Accessibility - Regency at Holly Springs is conveniently located with access to U.S. Route 1 and North Carolina Highway 540, facilitating quick drives to downtown Raleigh and Durham [7]. - The community is also near vibrant downtown areas known for boutiques, dining, and local shops [7]. Group 4: Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across 24 states [9]. - The company has been listed as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple accolades for its leadership and performance in the industry [10].
Century Communities Now Selling Near Fort Worth at MiraVerde
Prnewswire· 2025-06-25 15:45
Core Insights - Century Communities, Inc. has launched sales at MiraVerde in Crowley, Texas, featuring single- and two-story homes designed for modern lifestyles, with sizes up to 2,260 square feet [1][6] - The community is strategically located 17 miles from downtown Fort Worth, providing easy access to the larger Metroplex [1][2] - The company emphasizes its industry-leading online homebuying experience, allowing customers to purchase homes conveniently [3][4] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, consistently ranked among the most trustworthy companies by Newsweek [5][8] - The company operates in 17 states and over 45 markets, offering a range of services including mortgage, title, insurance brokerage, and escrow [5][8] - The mission of Century Communities is to build high-quality homes at affordable prices, catering to a diverse range of homebuyers [5] Product Offerings - The homes at MiraVerde include single- and two-story floor plans with 3 to 4 bedrooms, 2 to 3 bathrooms, and 2-bay garages [6] - Each home comes with the Century Home Connect® smart home package and is located near shopping and dining options in Crowley [6]
New Home Co. Completes Acquisition of Landsea Homes Corporation
GlobeNewswire News Room· 2025-06-25 12:55
Core Viewpoint - New Home Co. has successfully acquired Landsea Homes Corporation, creating a top-25 national homebuilder with a strong growth foundation [1][2]. Company Overview - New Home Co. focuses on designing, constructing, and selling attainable single-family homes targeting entry-level and first-time move-up buyers in high-growth markets across the West, Central, and Pacific Northwest regions [5]. - Landsea Homes is a residential homebuilder based in Dallas, Texas, known for designing and building sustainable master-planned communities in desirable markets, having received multiple awards for its transformation and sustainability efforts [6]. Transaction Details - The acquisition was funded through an equity contribution from Apollo, land banking capital from Millrose Properties, and a senior notes offering by New Home [3]. - Landsea Homes' common stock has been delisted from NASDAQ, with shareholders receiving $11.30 per share in cash [2]. Leadership - The combined company will be led by Matthew Zaist, the current President and CEO of New Home [1][2]. Advisors - J.P. Morgan Securities LLC, RBC Capital Markets, Vestra Advisors, and Wells Fargo served as financial advisors to New Home, while Moelis & Company acted as the exclusive financial advisor to Landsea Homes [4].
Taylor Morrison Announces Date for Second Quarter 2025 Earnings Release and Webcast Conference Call
Prnewswire· 2025-06-25 10:55
Core Viewpoint - Taylor Morrison Home Corporation will release its second quarter 2025 results on July 23, 2025, before the market opens, followed by a conference call at 8:30 a.m. ET to discuss the results [1]. Company Information - Taylor Morrison is headquartered in Scottsdale, Arizona, and is recognized as one of the leading homebuilders and developers in the United States, serving a diverse range of consumers including first-time, move-up, and resort lifestyle homebuyers and renters [3]. - The company operates under several brands, including Taylor Morrison, Esplanade, and Yardly, and has been recognized as America's Most Trusted® Builder by Lifestory Research from 2016 to 2025 [3]. Conference Call Details - A live audio webcast of the conference call will be available on Taylor Morrison's website, and participants are required to register to receive a unique passcode and dial-in information [2]. - The conference call will be recorded and made available for replay on the company's website [2]. Regulatory Filings - Taylor Morrison's filings will be accessible on the company's website or through the SEC at sec.gov [2].
Tri Pointe Homes, Inc. Announces Second Quarter 2025 Earnings Release and Conference Call Date
Globenewswire· 2025-06-25 10:00
Core Viewpoint - Tri Pointe Homes, Inc. will release its financial results for Q2 2025 on July 24, 2025, before market opening, followed by a conference call to discuss the results [1] Company Overview - Tri Pointe Homes is one of the largest homebuilders in the U.S., operating in 12 states and the District of Columbia, recognized for customer experience, innovative design, and environmentally responsible practices [4] - The company builds premium homes and communities with strong community ties, some lasting for over a century [4] - Tri Pointe Homes has received multiple awards, including Builder of the Year and Developer of the Year for 2024, and has been listed among Fortune's Most Admired Companies and Best Companies to Work For [4]
KB Home(KBH) - 2025 Q2 - Earnings Call Presentation
2025-06-24 22:34
Q2 2025 Performance - Housing revenues decreased by 10% year-over-year, totaling $1.53 billion in Q2 2025 compared to $1.70 billion in Q2 2024[21] - Deliveries decreased by 11% year-over-year, with 3,120 homes delivered in Q2 2025 versus 3,523 in Q2 2024[21] - Net orders decreased by 13% year-over-year, from 3,997 in Q2 2024 to 3,460 in Q2 2025[21] - Net order value decreased by 21% year-over-year, amounting to $1.61 billion in Q2 2025 compared to $2.03 billion in Q2 2024[21] - Backlog homes decreased by 24% year-over-year, from 6,270 in Q2 2024 to 4,776 in Q2 2025[21] - Backlog value decreased by 27% year-over-year, totaling $2.29 billion in Q2 2025 compared to $3.12 billion in Q2 2024[21] Financial Highlights - Total liquidity was $1.19 billion, including $308.9 million in cash and $881.7 million of available capacity under the unsecured revolving credit facility[22] - The company repurchased approximately 3.7 million shares of its outstanding common stock at a total cost of $200 million during the quarter[22] - Stockholders' equity totaled $3.99 billion, and book value per share increased 10% to $58.64[22] Strategic Positioning - Approximately 60% to 70% of the company's business is Built to Order (BTO), allowing buyers to personalize their homes[3] - The company's ENERGY STAR homes are up to 20% more efficient than standard new homes built to code[91]
Toll Brothers Announces New Luxury Home Community Coming Soon to Rocklin, California
Globenewswire· 2025-06-24 20:08
Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Vista Oaks in Rocklin, California, with sales expected to begin in fall 2025 [1][2] - The community will feature 46 single-family homes with modern designs, offering 4 to 5 bedrooms and pricing starting from $1.1 million [2][4] Group 1: Community Features - Vista Oaks will include one- and two-story homes with living spaces up to 4,375 square feet, and options for 2- to 3-car garages [2][4] - The community is designed with sophisticated architectural details and large, open floor plans, providing personalization options through the Toll Brothers Design Studio [4] Group 2: Location and Accessibility - Located approximately 20 miles northeast of Sacramento, Vista Oaks offers access to excellent schools, commuter routes, parks, and trails [5][6] - The community is near major shopping and dining destinations, including Westfield Galleria at Roseville and Fountains at Roseville [5] Group 3: Company Background - Toll Brothers is a Fortune 500 Company, recognized as the leading builder of luxury homes in the United States, operating in over 60 markets across 24 states [8][9] - The company has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years [9]
X @Investopedia
Investopedia· 2025-06-24 20:00
After the bell Monday, homebuilder KB Home topped second-quarter revenue and profit estimates, but cut its full-year sales forecast as the housing market remains sluggish. https://t.co/0CumiuziNY ...
KB Home Analysts Slash Their Forecasts After Q2 Earnings
Benzinga· 2025-06-24 16:43
Core Insights - KB Home reported second-quarter revenue of $1.52 billion, exceeding analyst estimates of $1.51 billion, and earnings of $1.50 per share, surpassing expectations of $1.47 per share [1][2] Financial Performance - The second-quarter financial performance was solid, with results meeting or exceeding guidance ranges, driven by improvements in lowering build times and reducing direct construction costs [2] Future Guidance - KB Home expects full-year 2025 housing revenue to be in the range of $6.3 billion to $6.5 billion, a decrease from prior guidance of $6.6 billion to $7 billion, with anticipated average selling prices of $480,000 to $490,000 [3] Stock Performance - Following the earnings announcement, KB Home shares gained 0.8% to trade at $53.72 [3] Analyst Ratings and Price Targets - B of A Securities maintained a Neutral rating and lowered the price target from $58 to $54 - UBS maintained a Buy rating and cut the price target from $86 to $80 - Wells Fargo maintained an Underweight rating and lowered the price target from $53 to $52 - Barclays maintained an Equal-Weight rating and reduced the price target from $56 to $49 - Evercore ISI Group maintained an Outperform rating and cut the price target from $77 to $70 [5]
Housing market will have 'worst year in decades,' analyst says
Yahoo Finance· 2025-06-24 16:31
Well, KB Home cutting its revenue outlook for the year after reporting weak second quarter results. This is the housing market. It remains sluggish with existing home sales seeing their worst May since 2009.Joining me now, we've got Meredith Whitney, Meredith Whitney Advisory Group CEO. Meredith, good to have you back on Yahoo Finance with us. We we just heard remarks from Fed Chair Jerome Pal that he plans to keep rates on hold.So, what is the risk that that poses to the housing market. Well, the housing m ...