Homebuilders / Land Developers
Standard Pacific Turns 50
Local heavyweight Standard Pacific is celebrating 50 years in the homebuilding business. In this article from Builder Magazine, the Orange County-based builder is profiled with a look at its major
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
The New Home Company Makes C-Suite Shifts
Joseph Davis, Chief Investment Officer of The New Home Company, resigned his post effective June 26, 2015. Mr. Davis, a long-time veteran of The Irvine Company prior to New Home,
Toll Beats on Profits, Misses on Revenues
Toll reported Q2 2015 earnings of $67.9M, or 37 per cents per share, beating analyst estimates of 35 cents per share. Revenues came in lower than expected at $852.6M versus
Homebuilder Sentiment Dips in May
The NAHB/Wells Fargo Housing Market Index unexpectedly fell to 54 from 56 the month before. Nevertheless, there was an improvement in the six-month sales outlook from 63 to 64, the
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,
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
Lennar Beats in Street in Fiscal Q1 2015
Public homebuilding bellweather, Lennar, reported fiscal Q1 2015 financials that beat the street on both earnings and revenues. Earnings were $.0.50 per share versus consensus analyst estimates of $0.45 per
