Redfin Reports U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes Share SEATTLE--(BUSINESS WIRE)--U.S. luxury home sale prices rose 5.5% year over year to a median $1.28 million, a record high for the month of October, according to a new report from Redfin, the real estate brokerage powered by Rocket. Luxury home prices are growing roughly three times faster than non-luxury prices, which rose 1.8% to a median of $373,249. That's according to an analysis of home sales from Augu ...

The Housing Affordability Crisis Is Accelerating Fastest in Rural America Share SEATTLE--(BUSINESS WIRE)--Homebuyers need to earn an annual income of $74,508 to afford the median- priced home in rural U.S. counties. That's up 105.8% from before the pandemic, when rural buyers needed to earn $36,206, according to a new report from Redfin, the real estate brokerage powered by Rocket. By comparison, the income needed to afford a home in suburban counties has risen 90.9% (to $102,120 from $53,482), and the inco ...

Core Points - Ferguson Enterprises Inc. will release its financial results for the quarter ended October 31, 2025, on December 9, 2025 [1][5] - The results will be available on Ferguson's corporate website at 6:45 a.m. ET/11:45 a.m. GMT [1][5] - A conference call and webcast for analysts and investors will take place on the same day at 8:30 a.m. ET/1:30 p.m. GMT [2][5] Company Overview - Ferguson is the largest value-added distributor in the North American construction market, which is valued at $340 billion [3] - The company reported sales of $30.8 billion for FY'25 and employs approximately 35,000 associates across over 1,700 locations [3]

Nov 19, 2025 7:32 AM Eastern Standard Time Griffon Corporation Announces Annual and Fourth Quarter Results Share NEW YORK--(BUSINESS WIRE)--Griffon Corporation ("Griffon†or the "Company†) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2025. Revenue for fiscal 2025 totaled $2.5 billion, a 4% decrease compared to the $2.6 billion in the prior year. Fiscal 2025 net income totaled $51.1 million, or $1.09 per share, compared to $209.9 million, or $4.23 per share, i ...

Nov 18, 2025 11:15 AM Eastern Standard Time Cemex US Appoints Will Price as Senior Vice President of Mergers & Acquisitions Share HOUSTON--(BUSINESS WIRE)--Cemex US (NYSE: CX) is pleased to announce the appointment of Will Price as Senior Vice President of Mergers & Acquisitions. In this role, Price will lead strategic growth initiatives through targeted acquisitions, divestitures and corporate development activities across the U.S. business. With more than a decade of experience in strategy and business de ...

Nov 17, 2025 4:40 PM Eastern Standard Time James Hardie Announces Appointment of Nigel Stein as Chair of its Board of Directors Share Forms Integration and Performance Committee of the Board SYDNEY & CHICAGO--(BUSINESS WIRE)--James Hardie Industries plc (NYSE/ASX: JHX) ("James Hardie" or the "Company"), a leading provider of exterior home and outdoor living solutions, today announced the appointment of Nigel Stein as Chair of the James Hardie Board of Directors, effective November 17, 2025. Mr. Stein is an ...

Core Insights - Beazer Homes reported its financial results for the fourth quarter and full fiscal year 2025, highlighting both challenges and achievements in a competitive housing market [2][3]. Financial Performance - Net income from continuing operations for Q4 2025 was $30.0 million, or $1.02 per diluted share, down from $52.1 million, or $1.69 per diluted share in Q4 2024 [3][4]. - Adjusted EBITDA for Q4 2025 was $63.8 million, a decrease of 31.5% compared to the previous year [3][4]. - Homebuilding revenue for Q4 2025 was $750.8 million, down 4.2% year-over-year, driven by a 6.0% decrease in home closings to 1,406 homes, partially offset by a 1.9% increase in average selling price (ASP) to $534.0 thousand [3][7][22]. Operational Metrics - Total home closings in fiscal 2025 were 4,427, a slight decrease of 0.5% from the previous year [3][19]. - Net new orders for Q4 2025 decreased to 999, down 2.9% from the prior year, with a cancellation rate of 17.9%, improved from 21.9% in the previous year [5][19][22]. - The backlog dollar value as of September 30, 2025, was $516.5 million, down 35.2% year-over-year, with backlog units decreasing by 36.2% to 945 homes [6][24]. Cost and Margin Analysis - Homebuilding gross margin for Q4 2025 was 13.7%, down 350 basis points year-over-year, primarily due to increased price concessions and a higher share of spec home closings [8][20]. - Selling, general and administrative (SG&A) expenses as a percentage of total revenue improved to 9.6%, a decrease of 10 basis points from the previous year [9][22]. Land Acquisition and Development - Land acquisition and land development spending for Q4 2025 was $121.7 million, a decrease of 32.0% from $179.0 million in the previous year [10][22]. - The company controlled 25,660 lots, down 10.1% from the prior year, with a significant portion controlled through option agreements [10][24]. Liquidity and Capital Structure - As of the end of Q4 2025, Beazer Homes had $538.3 million in available liquidity, including $214.7 million in unrestricted cash [11][13]. - The total debt to total capitalization ratio was 45.2%, slightly improved from 45.4% a year ago, reflecting strategic asset alignment decisions [12][13]. Strategic Goals - The company aims to achieve more than 200 active communities and grow book value per share into the mid-$50s by the end of fiscal 2027 [2][3]. - Beazer Homes emphasizes its position as America's 1 energy-efficient homebuilder, focusing on sustainability and affordability in home ownership [2][28].

Core Insights - Stratus Properties Inc. reported a net loss of $(5.0) million for Q3 2025, compared to a loss of $(0.4) million in Q3 2024, indicating a significant decline in performance [4] - The company’s revenues for Q3 2025 were $5.0 million, down from $8.9 million in Q3 2024, primarily due to no real estate sales during the quarter [4][8] - Stratus is exploring cash utilization strategies following the anticipated sale of Lantana Place – Retail for approximately $57.4 million, which is expected to close in Q4 2025 [3][30] Financial Performance - Net loss attributable to common stockholders for the first nine months of 2025 was $(7.6) million, compared to a net income of $2.5 million in the same period of 2024 [4] - Total revenues for the first nine months of 2025 were $21.6 million, down from $43.9 million in the first nine months of 2024, largely due to reduced real estate sales [4][8] - EBITDA for the first nine months of 2025 was $(8.0) million, compared to $3.9 million in the same period of 2024 [4] Cash and Liquidity - As of September 30, 2025, Stratus had $55.0 million in cash and cash equivalents, a significant increase from $20.2 million at the end of 2024 [9] - The company’s consolidated debt totaled $203.9 million as of September 30, 2025, compared to $194.9 million at the end of 2024 [9][10] Development and Operations - The lease-up of The Saint George is progressing, and the company is preparing for homebuilding at Holden Hills Phase 1 in 2026 [5] - Stratus has incurred capital expenditures of $28.6 million for the first nine months of 2025, primarily related to ongoing developments [11] Share Repurchase Program - As of November 7, 2025, Stratus has repurchased 180,899 shares at an average price of $21.59 per share, with $21.1 million remaining under its $25.0 million share repurchase program [12]

Core Insights - Dream Residential REIT reported Q3 2025 financial results, highlighting a net operating income increase and a strategic acquisition agreement with Morgan Properties [1][3][43] Financial Performance - Comparative properties net operating income (NOI) was $6.4 million in Q3 2025, a 4.5% increase from Q3 2024, driven by a 3.0% rise in investment properties revenue [3][6] - Net rental income for Q3 2025 was $7.8 million, consistent with the prior year [3][7] - Diluted funds from operations (FFO) per Unit remained at $0.18 for Q3 2025, unchanged from Q3 2024 [3][5] - Total equity decreased to $172.8 million as of September 30, 2025, down from $240.5 million at the end of 2024 [6][14] Portfolio and Occupancy - Portfolio occupancy was 93.7% as of September 30, 2025, down from 95.2% at the end of Q2 2025 [3][8] - Average monthly rent increased to $1,195 per unit from $1,186 at the end of Q2 2025 [3][9] - Tenant retention ratio improved to 59.9% in Q3 2025 compared to 57.4% in Q2 2025 [10][8] Strategic Developments - The strategic review concluded with an agreement for Morgan Properties to acquire Dream Residential REIT for $10.80 per unit in an all-cash transaction [3][43] - The acquisition was approved by unitholders on October 16, 2025, and received court approval on October 21, 2025 [3][44] Value-Add Initiatives - Renovations were completed on 13 units in the Greater Cincinnati region during Q3 2025, with an average new lease trade-out of $232 per unit higher than expiring leases [11][3] Financing and Capital Structure - As of September 30, 2025, net total debt-to-net total assets was 38.2%, with total debt at $146.5 million [13][40] - Available liquidity was approximately $61.6 million, consisting of $7.6 million in cash and $54 million in an undrawn credit facility [13][36]

Core Insights - Offerpad reported a revenue of $132.7 million for Q3 2025, with a net loss of $11.6 million, indicating ongoing challenges in the market [2][7][17] - The company is focusing on strengthening its liquidity, which now exceeds $75 million, and improving operational efficiency through asset-light services [6][7][8] - Offerpad anticipates Q4 2025 revenue to range between $100 million to $125 million, with expectations of selling 300 to 350 homes [8][10] Financial Performance - Revenue for Q3 2025 decreased by 36% year-over-year from $208.1 million in Q3 2024 [9] - Homes sold in Q3 2025 were 367, down 40% from 615 homes sold in Q3 2024 [9] - Gross margin for Q3 2025 was reported at 7.0%, a decline from 8.2% in Q3 2024 [9][35] Operational Highlights - Operating expenses improved by 38% year-over-year, reflecting cost efficiencies and streamlined operations [7] - The company’s asset-light services, including HomePro, Renovate, and Direct+, are expected to drive higher-margin growth as market conditions stabilize [6][7][8] - Offerpad Renovate achieved $8.5 million in revenue, marking the highest quarterly revenue since its launch [7] Future Outlook - Offerpad expects to maintain Adjusted EBITDA similar to Q3 2025 as it continues to scale its asset-light services [8][10] - The company is positioned to grow from a stronger, more diversified platform as market conditions stabilize [3][6]