Workflow
Homebuilding
icon
Search documents
Century Complete Announces New Home Phase in Celebrated Central Florida Development
Prnewswire· 2025-07-17 15:15
Core Insights - Century Communities has launched a new phase at Scenic Terrace, introducing two additional home collections, The Cottages and The Enclave, while continuing sales of The Grove and The Meadows [1][2] - The community features a range of amenities including a clubhouse, pool, dog park, and playground, and is strategically located for easy access to major highways and attractions [2][5] - The company offers an innovative online homebuying experience, allowing buyers to purchase homes easily while working with their local real estate agents [3][6] Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S., recognized for its leadership in online home sales and ranked among America's Most Trustworthy Companies [7] - The company operates in 17 states and over 45 markets, providing a comprehensive 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]
Countdown to PulteGroup (PHM) Q2 Earnings: Wall Street Forecasts for Key Metrics
ZACKS· 2025-07-17 14:15
Core Viewpoint - Analysts expect PulteGroup to report quarterly earnings of $2.93 per share, reflecting an 18.2% year-over-year decline, with revenues projected at $4.39 billion, down 4.5% from the previous year [1] Earnings Estimates - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [2] Revenue Forecasts - Analysts predict 'Homebuilding- Home sale revenues' to reach $4.23 billion, indicating a 5% decrease from the prior-year quarter [4] - 'Revenues- Financial Services' are expected to be $108.69 million, down 2.7% year over year [4] - 'Revenues- Homebuilding' is estimated at $4.26 billion, reflecting a 5.1% decline from the previous year [4] Additional Metrics - 'Homebuilding- Land sale revenues' are forecasted at $40.17 million, showing a 0.9% increase from the year-ago quarter [5] - The 'Average Selling Price - Total' is estimated at $565.10, up from $549.00 in the same quarter last year [5] - 'Net New Orders in Units - Total' is projected at 7,355, down from 7,649 a year ago [5] Backlog and Closings - 'Unit Backlog - Total' is expected to reach 11,181, compared to 12,982 last year [6] - 'Closings (units) - Total' are projected at 7,509, down from 8,097 in the same quarter last year [6] - 'Active Communities' are estimated to reach 971, up from 934 a year ago [6] Order Value and Backlog - 'Net New Orders (Value) - Total' is estimated at $4.30 billion, down from $4.36 billion last year [7] - 'Backlog Value - Total' is expected to be $7.27 billion, compared to $8.11 billion a year ago [7] Financial Services Performance - 'Income / (loss) before income taxes- Financial Services' is projected at $53.19 million, down from $63.38 million in the same quarter last year [8] Stock Performance - Over the past month, shares of PulteGroup have returned +10.2%, outperforming the Zacks S&P 500 composite's +4.2% change [8]
X @Bloomberg
Bloomberg· 2025-07-17 14:11
Confidence among US homebuilders in July edged up from a more than two-year low, though a growing share of companies are cutting prices to nudge buyers off the sidelines https://t.co/yFoIGf8yDf ...
Here Is Why Bargain Hunters Would Love Fast-paced Mover Meritage (MTH)
ZACKS· 2025-07-17 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Meritage Homes (MTH) Analysis - Meritage Homes (MTH) has shown a four-week price change of 12.7%, indicating strong investor interest [4] - The stock has gained 3.2% over the past 12 weeks and has a beta of 1.37, suggesting it moves 37% more than the market [5] - MTH has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - MTH is trading at a Price-to-Sales ratio of 0.80, suggesting it is undervalued at 80 cents for each dollar of sales [7] Group 3: Investment Opportunities - MTH is highlighted as a strong candidate for investment, with potential for further price appreciation [8] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [9]
X @Forbes
Forbes· 2025-07-17 12:20
He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/lC0sv9XjUx https://t.co/lC0sv9XjUx ...
New Toll Brothers 55+ Active-Adult Community is Coming Soon to Missouri City, Texas
Globenewswire· 2025-07-16 20:03
Core Insights - Toll Brothers, Inc. announced the upcoming launch of Regency at Sienna, a 55+ active-adult community in Missouri City, Texas, with construction starting in late 2025 and sales beginning in spring 2026 [1][4] Group 1: Community Features - Regency at Sienna will offer a selection of home sites ranging from 50 to 70 feet wide, with 12 home designs available, sized between 1,599 to over 3,200 square feet [2] - The community will provide exclusive amenities such as a pool, fitness center, and pickleball courts, all overlooking Regency Lake, along with access to over 100 miles of trails and various parks within the Sienna master plan [4][5] Group 2: Accessibility - The community is conveniently located near major highways, including Fort Bend Parkway Toll Road and U.S. Route 90 Alternate, facilitating easy access to downtown Houston and other key areas in the Greater Houston region [5] Group 3: Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across 24 states and offering a range of housing options for various buyer demographics [7] - The company has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years and having its CEO recognized as one of the Top CEOs by Barron's magazine [8]
Toll Brothers Announces New Luxury Home Community Coming Soon to The Pinehills in Plymouth, Massachusetts
Globenewswire· 2025-07-16 19:02
PLYMOUTH, Mass., July 16, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at The Pinehills — Broadleaf, is coming soon to the award-winning Pinehills master plan in Plymouth, Massachusetts. This exclusive Toll Brothers neighborhood will feature new luxury townhomes within walking distance of the Village Green. Sales are anticipated to begin in fall 2025. Artfully crafted and designed to enhance the lif ...
Toll Brothers Announces New Luxury Home Community Coming Soon to San Tan Valley, Arizona
Globenewswire· 2025-07-16 18:51
Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Toll Brothers at Ladera Trails in San Tan Valley, Arizona, with sales expected to begin in late summer 2025 [1][2][4] Group 1: Community Features - The community will offer single-level home designs on spacious quarter-acre-plus lots, with sizes ranging from 3,124 to over 3,692 square feet [2] - Homes will be priced starting from the mid-$800,000s, featuring personalization options such as multi-slide pocket doors and guest casitas [2][4] - Residents will have access to resort-style amenities including a pool, outdoor gathering areas, fire pits, playground, and pickleball courts, along with hiking and biking trails [4] Group 2: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and has been in operation for 58 years, becoming a public company in 1986 [8] - The company operates in over 60 markets across 24 states and the District of Columbia, providing a range of housing options for various buyer segments [8] - Toll Brothers has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years and Builder of the Year by Builder magazine [9]
Century Communities Hosts July Grand Opening for New Homes in Sultan, WA
Prnewswire· 2025-07-16 17:27
Core Insights - Century Communities, Inc. has launched sales at Daisy Heights in Sultan, WA, offering new two-story homes starting from the $500s, located near the Cascade Mountains and Monroe [1][3]. Group 1: Company Overview - Century Communities, Inc. is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [5][7]. - The company operates in 17 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [7]. Group 2: Product Offering - The homes at Daisy Heights are two-story single-family residences, ranging up to 2,745 square feet, with options for 3 to 5 bedrooms and 2.25 to 3 bathrooms [5]. - Features include spacious gourmet kitchens with quartz countertops, expansive primary suites with walk-in showers and closets, and 2-bay garages [5]. Group 3: Location and Community - Daisy Heights is strategically located for quick access to outdoor recreational areas such as the Skykomish River, Osprey Park, and Wallace Falls State Park, as well as attractions in Monroe like The Reptile Zoo and Evergreen State Fairgrounds [5][3]. - The community offers a blend of small-town charm and proximity to larger urban areas like Seattle [3]. Group 4: Online Homebuying Experience - Century Communities provides an industry-first online homebuying experience, allowing customers to shop for homes, fill out forms, and electronically sign contracts [4][6].
Lennar (LEN) Up 3% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-07-16 16:31
Core Viewpoint - Lennar Corporation reported mixed results for Q2 fiscal 2025, with adjusted earnings missing estimates while total revenues exceeded expectations, but both metrics declined year over year [2][5]. Financial Performance - Adjusted EPS was $1.90, missing the Zacks Consensus Estimate of $1.94 by 2.1%, down from $3.38 in the prior year [5]. - Total revenues reached $8.38 billion, surpassing the consensus mark of $8.24 billion by 1.6%, but down 4.4% from $8.77 billion year over year [5]. Segment Performance - Homebuilding revenues totaled $7.84 billion, a decrease of 6.4% from the prior year, with home sales contributing $7.79 billion, down 6.8% [6]. - Home deliveries increased by 2.2% to 20,131 units, exceeding projections, while the average sales price (ASP) of homes delivered was $389,000, down 8.7% year over year [7]. - New orders rose 6.1% to 22,601 homes, but the potential value of net orders fell to $8.58 billion from $9.19 billion [7]. Market Conditions - The performance was negatively impacted by a soft housing market, affordability challenges, and declining consumer confidence [3]. - The company is implementing strategies to drive housing starts and sales, aiming to improve long-term efficiencies and consumer confidence [4]. Financial Health - At the end of Q2, Lennar had cash and cash equivalents of $1.17 billion, down from $4.66 billion a year ago, with total homebuilding debt increasing to $2.79 billion [13]. - The gross margin on home sales was 17.8%, down 480 basis points year over year, primarily due to decreased revenues per square foot and increased land costs [9]. Future Guidance - For Q3 fiscal 2025, the company expects home deliveries between 22,000-23,000 units and an ASP range of $380,000-$385,000, down from $422,000 a year ago [15]. - Gross margin on home sales is anticipated to be around 18%, with SG&A expenses projected to rise to 8-8.2% [16]. Market Sentiment - Following the earnings release, there has been a downward trend in estimates, with a consensus estimate shift of -23.12% [17]. - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of below-average returns in the coming months [19].