Posts From Michael Anderson
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
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
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
NAHB Index Reaches a Nine-Month High
The NAHB/Wells Fargo builder sentiment index rose to 59 in June from 54 in May. The consensus forecast among economists was 56. The strong reading seems to be reflective of
A Look into Trumark Communities
With the recent announcement of the formation of Trumark Communities, Trumark’s masterplanned community development arm, the COO for the operation, Peter Kiesecker, provides insight into the subsidiary’s business and trends
OC Leads Southern California in Housing Market Health
Among the six Southern California counties, Orange County seems to be in the lead in overall housing market health. The median price of a home in the county was at
Low Lot Supply an Issue for Builders
62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in
