Archive
New Homes Sales Up
February new home sales data came in at 539,000 units. This marks a 7.8% improvement from the prior month and a 24.8% increase from the year ago period. While it
SunCal Places Big Bet in Arts District
SunCal, an Irvine-based masterplan developer, closed on 14.6 acres in the Arts District in downtown Los Angeles for $130 million. The property was purchased with financing from Michael Dell’s family
KB Delivers Q1 Earnings Beat
In another indication of the strengthening new home market, KB reported Q1 earnings above consensus estimates. Analysts had predicted profit of $0.02 per share, which was lower than the $0.08
Lennar Beats in Street in Fiscal Q1 2015
Public homebuilding bellweather, Lennar, reported fiscal Q1 2015 financials that beat the street on both earnings and revenues. Earnings were $.0.50 per share versus consensus analyst estimates of $0.45 per
Mixed Signals in the New Home Market
A few recently released data points, indicate that there is continued choppiness in the new home market. Housing starts dropped in February from January’s figure primarily due to inclement weather
Orange County New Homes Hitting New Highs
Orange County has been a hotbed of new home activity over the past few years as demand from affluent families and foreign buyers has resulted in ever-increasing prices combined with
Builders Reporting Strong Spring Sales
Consistent with anecdotal reports from in the trenches, the data seems to be proving out that the spring selling season is shaping up to be an improvement over the prior
Pace of Land Acquisitions Activity Expected to Pick Up
With builders reporting strong sales activity so far this year, the need to replenish and grow land pipelines is once again becoming a top priority at many homebuilding companies. While
1,100 New Homes to Open at Tustin Legacy
After stalling out during the housing downturn, a rejuvenated Tustin Legacy will add 1,100 new housing units over three projects in a mix of multi-family and single-family detached homes. With
TRI Pointe Lowers 2015 Guidance
TRI Pointe Homes released mixed 4Q 2014 earnings on Monday. The company reported earnings of 28 cents per share, which was 2 cents higher than analyst expectations. However, the $635M
