Posts From Steve Devorak
Lusk Executive Forum – Orange County
Date: June 18, 2016
Location: Newport Beach, CA
2015 Builder 100 List
Builder Magazine releases its 2015 list of the biggest homebuilders in the country as measured by total annual closings. At the top of the list, in order, DR Horton, Lennar
Public Builder Report Cards
Builder Magazine grades each of the public builders’ 2014 performance based on key financial metrics. The head of the class – Lennar. The laggard among companies operating in California –
PulteGroup Reports Miss; Stock Takes a Beating
PulteGroup, Inc. reported 1Q 2015 earnings of $55 million or 15 cents a share. Earnings were down from the year-ago period level of $74.8 million, or 19 cents per share,
Existing Home Sales Jump in March
Sales of existing homes moved up to a greater than expected seasonally adjusted annual rate of 5.19 million, an increase of 6.1% from February. Economists had expected a pace of
More Mixed Signals
While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts
Harridge Picks-Up Northridge Site
Prolific LA Developer, Harridge Development Group, picks up a 3.3-acre site in Northridge. Led by David Schwartzman, Harridge has become one of the leading developers of in-fill projects in the
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
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
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
