Archive
Woodbridge Pacific Shores Up Capital Base
With an equity commitment of up to $200M from a New York-based private equity firm, Woodbridge Pacific Group, an Orange County-based builder and developer, seems to be well positioned to
Lennar Earnings Beat Estimates
Lennar’s Q2 2015 earnings beat estimates by 15 cents coming in at 70 cents a share versus 61 cents per share a year ago. Revenue jumped 31% year over year
KB Q2 Earnings Beat the Street
KB Home reported Q2 earnings that beat Wall Street consensus estimates. Earnings came in at $9.6 million, or 10 cents a share, versus analyst estimates of 8 cents per share.
Land Shortage Impeding New Home Supply
In a May survey by the National Association of Homebuilders, 60% of respondents stated that the overall supply of developed lots was low to very low, the highest percentage since
Housing Market in Period of Normalcy
After over a decade of wild volatility in the housing market, conditions seems to be settling into a period of normalcy characterized by stability and slow growth. National home prices
Pull Back in Housing Starts but Rise in Permit Activity
Starts dropped in May by 11% from April and came in at an annualized rate of 1.04 million units. The April starts figure was a seven-year high. Despite the drop,
Slight Slowdown in Sales but Continued Stability in California Housing Market
Existing home sales softened in May to 423,360 units from 427,880 in April. Nevertheless, the May number was 8.9% above the figure from May 2014 and represented the second highest
MBK Set to Open in Gardena
MBK’s 1500 Artesia Square project in Gardena is scheduled to open for sale this month. Located in the City of Gardena’s Artesia Corridor Specific Plan, where MBK successfully closed out
Builder M&A Talk
On the heels of the recently announced Standard Pacific / Ryland merger, Builder Magazine examines the elements of a successful homebuilder M&A transaction, and which companies are well-positioned to make
Standard Pacific and Ryland Announce Merger
Number 11 (in terms of unit sales volume) ranked Standard Pacific and Number 5 ranked Ryland announced plans to merge. The post-merger entity will be the 4th largest homebuilding company
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