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LGI Homes Announces New Community in the Bakersfield Market
Globenewswire· 2025-11-17 22:00
Core Insights - LGI Homes, Inc. is launching a new community named Orchard Park in Shafter, California, which will feature affordable, move-in ready homes [1][2] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its inception in 2003 [6] - The company has consistently delivered profitable financial results and has been recognized for its quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [6] Community Features - Orchard Park will offer five floor plans ranging from approximately 1,454 to 2,529 square feet, with up to five bedrooms and three bathrooms [4] - Each home will include the CompleteHome™ package, featuring stainless steel appliances, granite countertops, luxury vinyl plank flooring, and smart-home technology at no extra cost [4] Location and Amenities - The community is strategically located near shopping, dining, and major employers in the growing Bakersfield region, providing convenience while maintaining a peaceful neighborhood atmosphere [3] - Residents will have access to a community park with amenities such as a children's playground, picnic areas, and outdoor fitness stations [3] Sales Information - Homes at Orchard Park will be available starting November 22, 2025, with pricing options designed to accommodate various budgets [5]
LGI Homes Announces New Community in the Bakersfield Market
Globenewswire· 2025-11-17 22:00
Core Insights - LGI Homes, Inc. is launching a new community named Orchard Park in Shafter, California, featuring affordable, move-in ready homes with a focus on exceptional value [1][2]. Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its founding in 2003 [6]. - The company has been recognized for its quality construction and customer service, earning a spot on Newsweek's list of the World's Most Trustworthy Companies [6]. Community Features - Orchard Park will offer five floor plans ranging from approximately 1,454 to 2,529 square feet, with up to five bedrooms and three bathrooms [4]. - Homes will include features such as chef-inspired kitchens, private owner suites, and outdoor living spaces, all part of the CompleteHome™ package [4]. - The community will have amenities like a children's playground, picnic areas, and outdoor fitness stations, enhancing the living experience for families [3]. Market Positioning - The new homes will be available starting November 22, 2025, with pricing options designed to accommodate various budgets [5]. - The Pacifica floor plan, one of the largest offerings, features approximately 2,529 square feet of living space [4][12].
Howard Hughes Communities™ Celebrates Grand Opening of Teravalis™ in Phoenix West Valley
Globenewswire· 2025-11-17 21:01
PHOENIX, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Communities™, the real estate platform of Howard Hughes Holdings Inc. (NYSE: HHH), officially celebrated the grand opening of Teravalis™ on November 14, marking a transformative milestone for the Phoenix West Valley and the City of Buckeye. The 37,000-acre community, one of the nation’s largest master planned developments, welcomed the first residents of its inaugural village of Floreo, who joined Arizona Governor Katie Hobbs, state and local officia ...
Toll Brothers Announces Quick Move-In Homes Available at its Northfield Luxury Home Community in Cumming, Georgia
Globenewswire· 2025-11-17 19:02
Core Insights - Toll Brothers, Inc. has launched its new luxury home community, Northfield, in Cumming, Georgia, featuring limited move-in ready homes available for immediate occupancy [1][6] - The community offers elegant single-family estate homes with five bedrooms and spacious open floor plans, starting at a price of $1.06 million [2] Company Overview - Toll Brothers is recognized as the nation's leading builder of luxury homes and is a Fortune 500 Company, founded in 1967 and publicly traded since 1986 [8] - The company operates in over 60 markets across 24 states and offers a variety of home types for different buyer segments, including first-time buyers and active adults [8] Community Features - Northfield includes desirable features such as basements, three-sided brick exteriors, and three-car garages, with six luxurious home designs available [2] - The community is strategically located near key amenities, including Vickery Village and top-rated schools, enhancing its appeal to home shoppers [4] Customer Experience - Toll Brothers provides a state-of-the-art Design Studio for home personalization, allowing customers to select from a wide array of options with professional assistance [5] - The company emphasizes the desirability of Northfield, encouraging potential buyers to visit and explore available homes [6]
Leaving LGI Homes Off The Shopping List For This Season
Seeking Alpha· 2025-11-17 17:07
Group 1 - LGI Homes (LGIH) has experienced a sell-off since its all-time high in 2021, indicating a potential for a return to previous strength and momentum [1] - The analysis emphasizes the importance of understanding market extremes and trading around them, reflecting the author's extensive experience through various market cycles [1] - The blog "One-Twenty Two" offers unique perspectives on financial markets, covering a range of topics including stocks, options, currencies, and Bitcoin, utilizing both technical and fundamental analysis [1] Group 2 - The author has a strong academic background with a B.S. in Mechanical Engineering and a Ph.D. in Engineering-Economic Systems, which supports the analytical insights provided [1] - The consulting practice includes expertise in operations research, decision analysis, product development, technology strategy, and data analytics [1]
Weyerhaeuser Announces Appointment of Rick Beckwitt to Board of Directors
Prnewswire· 2025-11-17 14:00
Core Insights - Weyerhaeuser Company has appointed Richard "Rick" Beckwitt to its board of directors, effective immediately, bringing over 30 years of experience in the homebuilding and real estate industries [1][2]. Company Overview - Weyerhaeuser Company is one of the largest private owners of timberlands, controlling approximately 10.4 million acres in the U.S. and additional public timberlands in Canada [4]. - The company has been a leader in sustainability for over a century, managing its timberlands in compliance with internationally recognized sustainable forestry standards [4]. - In 2024, Weyerhaeuser generated $7.1 billion in net sales and employed around 9,400 people [4]. Leadership Background - Rick Beckwitt previously served as president and CEO of Lennar Corporation, which had revenues exceeding $35 billion in 2024 [2]. - He has a history of leading significant growth and acquisitions at D.R. Horton and has experience in corporate finance and mergers with Lehman Brothers [3].
Buffett acquires $4.9 Billion Stake in Google parent Alphabet
BusinessLine· 2025-11-15 09:22
Core Insights - Berkshire Hathaway Inc. acquired 17.9 million shares of Alphabet Inc., valued at approximately $4.9 billion, representing 0.31% of outstanding shares [1] - Berkshire's cash reserves reached a record $382 billion, prompting investments in Occidental Petroleum Corp. and UnitedHealth Group Inc. [2] - Berkshire reduced its Apple stake by 15%, now valued at $60.7 billion, while still holding nearly 25% of its equity portfolio in Apple [3] - The company sold 37.2 million shares of Bank of America, maintaining a 7.7% stake in the firm [3] - Berkshire exited its position in D.R. Horton Inc., a US home builder [3]
Lennar Announces the Retirement of Jonathan Jaffe, Co-CEO and President
Prnewswire· 2025-11-14 22:20
Core Insights - Lennar Corporation's Co-CEO and President Jon Jaffe will retire on December 31, 2025, after a 42-year career with the company, with no plans to replace his role [1][2] - Stuart Miller will continue as Executive Chairman and CEO, emphasizing a strategic evolution towards a more efficient, technology-driven organization focused on affordable housing [1][3] Leadership Transition - Jon Jaffe joined Lennar in 1983 and rose through the ranks, demonstrating a commitment to operational excellence and guiding the company through significant challenges [2] - His leadership was crucial in expanding Lennar nationally, particularly in California, and in integrating major acquisitions [2] Future Strategy - The retirement of Jon Jaffe is seen as an opportunity for Lennar to streamline its leadership and enhance management efficiency to promote affordability in housing [3] - The company aims to evolve into a leaner, technology-driven enterprise to support a healthier housing market and assist more families in achieving homeownership [3] Company Overview - Lennar Corporation, founded in 1954, is a leading builder of quality homes across various segments, including affordable and active adult homes [4] - The company also provides financial services, including mortgage financing and title services, primarily for its homebuyers [4]
Berkshire reveals new $4.3 billion Alphabet stake, sells more Apple
Yahoo Finance· 2025-11-14 21:39
By Jonathan Stempel (Reuters) -Berkshire Hathaway revealed a $4.3 billion stake in Google parent Alphabet and further reduced its stake in Apple, detailing its equity portfolio for the last time before Warren Buffett ends his 60-year run as chief executive officer. In a filing on Friday with the U.S. Securities and Exchange Commission, Berkshire said it owned 17.85 million Alphabet shares as of September 30. Berkshire cut its Apple stake to 238.2 million shares from 280 million in the third quarter, ...
D.R. Horton is tapping a startup's AI zoning tool to build more homes
CNBC· 2025-11-14 12:00
Core Insights - D.R. Horton is leveraging an AI tool from Prophetic to address the housing shortage in the U.S. caused by chronic underbuilding since the Great Recession, resulting in a deficit of approximately 4 million homes and a price increase of over 50% from pre-pandemic levels [2][4]. Group 1: Company Initiatives - D.R. Horton is the largest homebuilder in the U.S. and is focusing on using artificial intelligence to enhance home construction and tackle the housing crisis [2]. - The company aims to expand homeownership opportunities for American families by utilizing insights from Prophetic's AI platform for land acquisition and development [4]. Group 2: Industry Challenges - The construction industry faces significant challenges, including high costs and the complex process of acquiring and developing buildable lots, which hampers the ability to respond to housing demand [3]. - Identifying, acquiring, and entitling suitable land for development is highlighted as one of the largest challenges in providing affordable housing [4]. Group 3: Technological Solutions - Prophetic has created an AI-native platform that analyzes land acquisition and development, capable of processing extensive zoning documents from various jurisdictions [5][6]. - The software is currently operational in 25 states and plans to expand to all 50 states by June [5].