Homebuilders / Land Developers
Land Takes Primacy in Homebuilder M&A
While the majority of M&A targets are valued based on a projected stream of future cashflows, in homebuilder M&A, asset value – that is, land value – takes center stage.
Hovnanian Beats the Street
In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a
Toll Releases Fourth Quarter Earnings
Despite relatively strong 4Q earnings of $131.5M, an increase of 39% over the year ago period, the earnings figure fell short of analyst expectations of 73 cents a share versus
Sunbelt to Lead Homebuilder Growth
States with sunny climates, including California, are expected to drive homebuilder growth next year according to various homebuilding analysts. With job growth that is outperforming the market and overall greater
New Homebuilding Publics
Among the cohort of new, publicly-traded homebuilders this cycle are UCP and Century Communities. In this Builder Magazine article, a deeper look is taken into the origins and philosophies of
Hombuilder IPO Window Closed for Now
After eight homebuilder IPOs in 2013 and the beginning of 2014, there seems to be no appetite for new stock issuances as a result of a generally slow 2014 in
Homebuilder Confidence Up
The NAHB Homebuilder Confidence Index moved up to 58 in November from 54 in October which marks the second-highest figure since the peak of the market in 2005. Builders nationally
Leader of the Pack
Lennar beats the Street with 3Q earnings. Highlighted in this article is the fact that Lennar’s current land supply, the bulk of which was purchased during the downturn, allows it
Homebuilder Stock Buying Season
Just as there is seasonality with regard to home sales, with much of the annual activity occurring during the “spring” selling season (typically between after the Super Bowl through August),
Taylor Morrison Beats the Street with 3Q 2014 Earnings
Taylor Morrison reported strong 3Q 2014 earnings. Notably, the company has been pursuing the top-end of the market in Southern California and has been among the most aggressive buyers of
