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 in revenue reported fell short of analyst expectations of $659.7M. Most tellingly, the company lowered its full year 2015 earnings outlook citing weaker margins in its backlog and uncertainty in the Houston submarket due to lower oil prices.
By Brian Croce For 25 years, Bob Schroeder worked for a family-owned builder in Michigan that developed its own lots. He’s no stranger to the process of finding, entitling, and
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.
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
