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Century Complete Expands to Nevada With New Homes in Pahrump
Prnewswire· 2025-08-05 18:10
Core Insights - Century Communities, Inc. is expanding its Century Complete brand to Nevada with the launch of Ishani Ridge in Pahrump, set to open for sales in August 2025, with homes starting from the $260s [1][3] Company Overview - Century Communities is recognized as a top 10 national homebuilder and an industry leader in online home sales, ranked highest on Newsweek's list of America's Most Trustworthy Companies 2025 [1][8] - The company operates in 17 states and over 45 markets across the U.S., providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [8] Product Offering - Ishani Ridge will feature over 170 single-family homesites with single-story floor plans, offering 3 to 4 bedrooms, 2 bathrooms, and 2-bay garages, with sizes ranging from 1,290 to 1,815 square feet [5] - Homes will include desirable features such as quartz countertops, stainless-steel appliances, Kohler® water fixtures, and luxury vinyl plank flooring [5] Online Homebuying Experience - Century Complete offers an industry-first online homebuying experience, allowing buyers to purchase homes easily while still working with their local real estate agents [4][6] - The online process includes steps such as selecting a home, filling out a Buy Online form, and electronically signing a purchase contract [6][7] Community Features - Ishani Ridge is positioned to provide a relaxed desert lifestyle with access to outdoor recreation and amenities, including proximity to hiking trails, Death Valley National Park, and wineries [2][5]
Toll Brothers Apartment Living® Breaks Ground on The Airedale, a New Luxury Apartment Community in Charlotte
Globenewswire· 2025-08-05 16:16
Core Insights - Toll Brothers Apartment Living has officially broken ground on The Airedale, its first luxury multifamily community in North Carolina, located in Charlotte [1][3] - The Airedale will consist of 348 units and is expected to open in fall 2026 [2][1] - The development is a joint venture with International Capital, LLC and is financed through a construction loan from TD Bank [1] Development Details - The Airedale will feature a mix of one-, two-, and three-bedroom floor plans, equipped with luxury finishes such as quartz countertops and stainless steel appliances [5] - Each apartment will include smart home technology, modular closets, and private balconies [5] - The community will offer extensive amenities, including an 8,200-square-foot clubhouse, a fitness center, a pet spa, and a half-acre pet park [6] Location and Accessibility - The Airedale is situated on a 19.75-acre site at 13607 Choate Circle, Charlotte, providing easy access to dining, shopping, and outdoor recreation [7] - The location is conveniently near major highways, including Interstates 77 and 485, facilitating access to South End, Uptown, and regional employment centers [7] Company Background - Toll Brothers Apartment Living is a division of Toll Brothers, Inc., recognized as the nation's leading builder of luxury homes [11] - The company has been acknowledged as one of the Top 25 Largest Developers by the National Multifamily Housing Council for five consecutive years and has completed over 10,000 units nationally [11]
LGI Homes, Inc. Reports Second Quarter 2025 Results
Globenewswire· 2025-08-05 11:00
Core Insights - LGI Homes, Inc. reported solid financial results for Q2 2025, achieving profitability metrics at the high end of prior guidance [1] - The company delivered 1,323 homes with an average sales price of $365,446, generating $483.5 million in revenue [2] - Despite resilient demand for homeownership, affordability challenges due to interest rates led to a decline in net orders [3] - The company has withdrawn its full-year 2025 guidance but provided a more cautious outlook for Q3 2025 [4] Financial Performance - Home sales revenues for Q2 2025 were $483.5 million, down from $602.5 million in Q2 2024 [20] - Gross margin increased to 22.9%, while adjusted gross margin rose to 25.5%, both reflecting a sequential increase of 190 basis points [2][20] - Net income for Q2 2025 was $31.5 million, translating to $1.36 basic and diluted EPS, compared to $58.6 million and $2.49 EPS in Q2 2024 [20] Market Conditions - The company experienced a sequential decline in net orders due to economic uncertainty and high interest rates, with net orders for the six months ending June 30, 2025, at 2,528, down from 3,541 in the previous year [30] - The cancellation rate increased to 24.2% in 2025 from 19.5% in 2024, indicating challenges in maintaining order volumes [30] - The ending backlog as of June 30, 2025, consisted of 808 homes valued at $322.5 million, significantly lower than the previous year's backlog of 1,393 homes valued at $553.6 million [30] Operational Highlights - The company repurchased 367,568 shares of common stock during Q2 2025 for a total of $20.6 million [2] - As of June 30, 2025, LGI Homes had 146 active selling communities and controlled a total of 64,756 lots [9] - The company aims to improve profit margins and earnings per share through cost-saving measures and operational efficiencies [2]
Traders Turn Bullish on Housing Stocks Again—3 Leading the Way
MarketBeat· 2025-08-04 21:48
Group 1: Market Overview - The real estate sector is gaining attention from Wall Street as it becomes cheaper and shows signs of recovery, particularly in the homebuilding industry [1][2] - Unusual call options trading activity indicates a bullish sentiment among investors regarding the homebuilding sector [2] Group 2: Individual Company Insights - PulteGroup Inc. (PHM) is showing positive momentum with a recent net return of 11.7% over the past quarter, despite trading at 78% of its 52-week high [4][5] - UBS analyst John Lovallo has a Buy rating on PulteGroup, with a price target of $150 per share, suggesting a potential upside of 29% from current levels [7] - Lennar Corp. (LEN) is projected to experience significant EPS growth, with forecasts suggesting a 60% increase in EPS for Q4 2025, which could drive stock price appreciation [8][9] - Toll Brothers Inc. (TOL) has seen a 9.1% decline in short interest, indicating a shift in sentiment towards bullishness, with a current trading price at 72% of its 52-week high [12][13] Group 3: Institutional Activity - Nordea Investment Management increased its holdings in PulteGroup by 2.8%, bringing their total investment to $94 million [5] - Jennison Associates added 11.2% to their Toll Brothers holdings, raising their position to $81.5 million, making them one of the largest institutional investors in the company [14]
Toll Brothers Announces New Luxury Community Coming Soon to Milpitas, California
Globenewswire· 2025-08-04 19:57
MILPITAS, Calif., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at South Main, is coming soon to Milpitas, California. This exclusive all-electric community will feature new luxury townhomes designed to offer modern living spaces and high-end finishes. Sales are anticipated to begin in fall 2025. Toll Brothers at South Main will include a selection of innovative home designs ranging from 1,5 ...
Stock Of The Day: Breakout Time For D.R. Horton?
Benzinga· 2025-08-04 17:56
Core Viewpoint - D.R. Horton, Inc. (DHI) shares are experiencing upward movement, indicating a potential breakout that could lead to a new uptrend [1] Price Dynamics - Support levels are price points where buying interest is significant, preventing further declines, while resistance levels are where selling interest is high, halting price increases [2] - The stock previously fell sharply in late October, finding support around $151, but broke this support in December, leading to buyer regret [3][5] Market Behavior - Many investors chose to hold their losing positions, hoping to exit at breakeven, which resulted in a concentration of sell orders at the previous support level of $151, now acting as resistance [5] - A false breakout can occur when a stock appears to break resistance but quickly reverses downward [6] - A true breakout happens when buyers surpass sellers at resistance, indicating that sellers have exited the market, potentially leading to a new uptrend for D.R. Horton [7]
Century Complete Expands Macon, GA Offerings With New Phase in Affordable Community
Prnewswire· 2025-08-04 15:39
Core Insights - Century Communities, Inc. is expanding its Century Complete brand with new single-family homes in Kinsale, Macon, starting from the low $200s, featuring private, wooded homesites [1][2][7] - The community offers a variety of quality and affordable floor plans, with convenient access to I-475 and proximity to recreational areas like Lake Tobesofkee [1][4][7] - The company emphasizes its innovative online homebuying process, allowing buyers to purchase homes 24/7, complemented by in-person assistance [3][4][5][6] Company Overview - Century Communities, Inc. is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's and the World's Most Trustworthy Companies by Newsweek [7] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage and insurance through its subsidiaries [7] - The mission of Century Communities is to build high-quality homes at affordable prices, catering to a diverse range of homebuyers [7]
Beazer Homes (BZH) Q3 Revenue Falls 8%
The Motley Fool· 2025-08-02 09:49
Core Insights - Beazer Homes reported a net loss for fiscal Q3 2025, with diluted earnings per share at $(0.01), missing analyst estimates of $0.42 and down from $0.88 in the same quarter last year [1][2] - Homebuilding revenue was $535.4 million, falling short of the consensus estimate of $559.0 million, representing a 9.2% decline year-over-year [1][2] - The company faced challenges including lower home sales, weaker orders, particularly in Texas, and ongoing affordability issues, leading to a $10.3 million inventory impairment charge [1][5] Financial Performance - Diluted EPS (GAAP) decreased by 101.1% from $0.88 in Q3 2024 to $(0.01) in Q3 2025 [2] - Revenue fell by 8.4% from $595.7 million in Q3 2024 to $545.4 million in Q3 2025 [2] - Homebuilding gross margin decreased to 13.5% from 17.3% in the previous year [2][6] - Adjusted EBITDA dropped 40.0% year-over-year to $32.1 million [2][5] Market Trends - Net new orders decreased by 19.5% to 861 units, with a cancellation rate rising to 19.8% [2][7] - Backlog of sold-but-not-yet-closed homes declined by 30.6% [7] - The company increased its active community count by 14.4% to 167, but the sales pace per community declined [7] Cost Structure - Selling, general, and administrative expenses rose by 130 basis points to 13.2% of revenue [8] - The company reported higher inventory charges of $10.3 million, indicating unprofitable land and housing investments [8] Strategic Focus - Beazer Homes emphasizes energy efficiency, with nearly 99% of new home starts built to Zero Energy Ready standards [9] - The company aims to expand its community count while maintaining energy efficiency standards and improving financial strength by lowering its net debt to net capitalization ratio [4][11] - Management has set a long-term goal to expand active communities to over 200 by the end of fiscal 2027 and to grow book value per share at a double-digit compound annual rate [11] Future Outlook - Management's previous forecasts for fiscal 2025 included community count growth of up to 15% and adjusted gross margins around 18.5%, but current trends challenge these targets [10] - Land spending guidance has been cut to $750 million to $800 million, reflecting a cautious approach to future development [10] - A new $100 million share repurchase program has been authorized, signaling confidence despite ongoing order softness [11]
Toll Brothers to Webcast Its Third Quarter 2025 Earnings Conference Call Live on August 20, 2025 at 8:30 a.m. (ET)
Globenewswire· 2025-08-01 20:30
Group 1 - Toll Brothers, Inc. will host a live conference call on August 20, 2025, to discuss its third quarter results for FY 2025, which will be announced after market close on August 19, 2025 [1][2] - The conference call will be accessible through the Investor Relations section of the Toll Brothers website [2] - Toll Brothers is recognized as the leading builder of luxury homes in the United States, operating in over 60 markets across 24 states and the District of Columbia [3][4] Group 2 - 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, including Builder of the Year [4] - Toll Brothers operates various subsidiaries, including architectural, engineering, mortgage, and land development, enhancing its capabilities in the luxury home market [3]
Toll Brothers Announces New Luxury Home Community Coming Soon to Scottsdale, Arizona
Globenewswire· 2025-08-01 13:43
Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Toll Brothers at Storyrock in Scottsdale, Arizona, with sales expected to begin in fall 2025 [1][4] Company Overview - Toll Brothers, Inc. 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 [9][10] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of home types for different buyer segments [9] Community Features - Toll Brothers at Storyrock will feature two collections of single-family home designs, with sizes ranging from 3,665 to over 5,000 square feet, and prices starting from $2 million [2][5] - The community will include luxury personalization options such as private casitas, cabana suites, and garages for up to eight cars [2][4] - Architectural styles will include contemporary, desert contemporary, modern ranch, and Spanish designs, all set against stunning mountain views [2][5] Location and Amenities - The community is situated in the Sonoran Desert, surrounded by the McDowell Mountains, providing residents with access to world-class shopping, dining, entertainment, and outdoor recreation [6] - It is conveniently located near top-rated golf courses and cultural destinations, enhancing the appeal of the luxury living experience [6] Design and Personalization - Toll Brothers customers will have access to a state-of-the-art Design Studio, allowing them to personalize their homes with the help of professional Design Consultants [4]