Latest news with #homebuilder
Yahoo
4 days ago
- Business
- Yahoo
Hovnanian Enterprises Announces Third Quarter Fiscal 2025 Earnings Release and Conference Call
MATAWAN, N.J., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2025, the morning of Thursday, August 21, 2025. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, August 21, 2025. The conference call and accompanying slide presentation will be webcast live through the 'Investor Relations' section of Hovnanian Enterprises' website at It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webcast, an archive of the broadcast will be available under the 'Past Events' section of the 'Investor Relations' page on the Hovnanian website at A replay of the call will be available via webcast on the Investor Relations section of the website for 12 months. About Hovnanian Enterprises, Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company's homes are marketed and sold under the trade name K. Hovnanian® Homes. Additionally, the Company's subsidiaries, as developers of K. Hovnanian's® Four Seasons communities, make the Company one of the nation's largest builders of active lifestyle communities. Additional information on Hovnanian Enterprises, Inc. can be accessed through the 'Investor Relations' section of the Hovnanian Enterprises' website at To be added to Hovnanian's investor e-mail list, please send an e-mail to IR@ or sign up at Contact: Brad G. O'ConnorChief Financial Officer732-747-7800 Jeffrey T. O'KeefeVice President, Investor Relations732-747-7800 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
04-08-2025
- Business
- Globe and Mail
Green Brick Partners, Inc. Announces Dual Listing on NYSE Texas
Green Brick Partners, Inc. (NYSE: GRBK) (the 'Company' or 'Green Brick'), the third largest homebuilder in Dallas-Fort Worth, and one of Fortune Magazine's fastest growing companies in 2024, announced the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. The Company will maintain its primary listing on the New York Stock Exchange and trade with the same 'GRBK' ticker symbol on NYSE Texas. Jim Brickman, CEO and Co-Founder of Green Brick, said, 'We are proud to join NYSE Texas as a Founding Member, further strengthening our deep roots in the state and demonstrating our support for Texas's entrepreneurial spirit and thriving economy. As the third largest homebuilder in Dallas-Fort Worth, and with a growing footprint in Austin and Houston, we remained dedicated to developing high quality housing and communities that offer lasting value.' 'As a key homebuilder in the state of Texas, Green Brick Partners is an exciting addition to our community of NYSE Texas Founding Members,' said Chris Taylor, Chief Development Officer, NYSE Group. About Green Brick Partners, Inc. Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also retains interests in related financial services platforms, including Green Brick Title, Green Brick Mortgage, and Green Brick Insurance Services. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. For more information about Green Brick Partners Inc.'s subsidiary homebuilders, please visit
Yahoo
30-07-2025
- Business
- Yahoo
Century Complete Announces New Homes Now Selling in Cottonwood, AZ
Mesquite Hills offers affordable single-family homes. New model home ready to tour! COTTONWOOD, Ariz., July 30, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—announced that the Company's Century Complete brand is now selling at Mesquite Hills in Cottonwood, AZ, boasting a charming small-town location with quick access to Prescott Valley and outdoor recreation. Homebuyers and real estate agents are invited to tour the community's brand-new model home, showcasing the single-story Sterling plan. Learn more about Mesquite Hills and explore available homes at Conveniently located near Highway 89A, Mesquite Hills is surrounded by natural beauty and local charm. Mingus Mountain, only about 20 miles away, offers hiking, biking and sweeping views, while Prescott National Forest provides opportunities for mountain biking, horseback riding, and rock climbing. Nearby Sedona features striking red rock landscapes, scenic trails, art galleries, and wellness experiences. Adding even more region charm, Cottonwood offers local wineries and a vibrant historic downtown. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership Designed for comfort and convenience, the modeled Sterling floor plan is one of three exceptional single-story plans available at Mesquite Hills. Each floor plan comes with desirable standard features, such as stainless-steel appliances, quartz countertops, luxury vinyl plank flooring, and more. MORE ABOUT MESQUITE HILLS Now selling from the $360s Single-story floor plans Up to 4 bedrooms, 2 bathrooms, and 1,815 square feet Open-concept layouts with sunlit great rooms, owner's suites with walk-in closets, and more Quartz countertops, Kohler® fixtures, stainless-steel appliances, and luxury vinyl-plank flooring 8 miles from Jerome 30 miles from Prescott Valley Easy access to retail, dining, and entertainment Community and Model Home Location1875 Sunset DriveCottonwood, AZ 86326520.213.8607 JOIN CENTURY COMPLETE FOR A MODEL HOME GRAND OPENING EVENT! Saturday, August 2nd 10am to 1pm1875 Sunset DriveCottonwood, AZ 86326Attendees receive voucher for an appliance package. VISIT OUR SALES STUDIO While our state-of-the-art online homebuying process allows you to buy on your terms—24 hours a day, 7 days a week, 365 days a year—we also offer in-person assistance from local experts at our sales studio in Bullhead City. Bullhead City Studio3699 Highway 95, Suite 330, Unit #DOL Bullhead City, AZ 86442 520.213.8607 THE FREEDOM OF ONLINE HOMEBUYING Century Complete is proud to feature its industry-first online homebuying experience on all available homes in Arizona, allowing homebuyers to easily find their best fit and purchase when they're ready—all while continuing to work with their local real estate agent of choice. Homebuyers can further streamline the homebuying process by financing online with Century Complete's affiliate lender, Inspire Home Loans®. How it works: Shop homes at Click "Buy Now" on any available home Fill out a quick Buy Online form Electronically submit an initial earnest money deposit Electronically sign a purchase contract via DocuSign® Learn more about the Buy Online experience at About Century Communities Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and one of the World's Most Trustworthy Companies (2025). Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit View original content to download multimedia: SOURCE Century Communities, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Business
- Yahoo
Lennar Earnings Preview: What to Expect
Valued at a market cap of $29.9 billion, Lennar Corporation (LEN) is a homebuilder headquartered in Miami, Florida. It constructs and sells single-family attached and detached homes across various price points and also provides mortgage financing, title insurance, and closing services, primarily to its homebuyers. It is scheduled to announce its fiscal Q3 earnings for 2025 on Thursday, Sep. 18. Before this event, analysts project this home construction company to report a profit of $2.14 per share, down 45.1% from $3.90 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the last four quarters, while missing on two other occasions. Its earnings of $1.90 per share in the previous quarter fell short of the consensus estimates by 2.1%. More News from Barchart Warren Buffett Warns Inflation Turns Business Into 'The Upside-Down World of Alice in Wonderland' But Weeds Out 'Bad Businesses' Why GOOGL Stock May Be the Market's Next Big Winner Alphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the full year, analysts expect LEN to report EPS of $9.04, down 34.8% from $13.86 per share in fiscal 2024. Nonetheless, its EPS is expected to rebound in fiscal 2026 and grow by 8.9% year-over-year to $9.84. LEN has declined 32.7% over the past 52 weeks, considerably underperforming both the S&P 500 Index's ($SPX) 18.3% return and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 24.5% uptick over the same time frame. Lennar delivered mixed Q2 results on Jun. 16, and its shares plunged 4.5% in the following trading session. The company's top-line declined 4.4% year-over-year to $8.4 billion, primarily due to a 6.4% decrease in revenues from home sales, fueled by a lower average sales price of homes delivered. Yet, its revenue figure outpaced the consensus estimates by 1.7%. However, on the earnings front, its adjusted EPS of $1.90 fell by a notable 43.8% from the year-ago quarter, missing analyst estimates by 2.1%. This bottom-line miss might have weighed on investor confidence. Wall Street analysts are moderately optimistic about LEN's stock, with an overall "Moderate Buy" rating. Among 18 analysts covering the stock, four recommend "Strong Buy," and 14 advise 'Hold.' The mean price target for LEN is $121.50, implying a 5.3% premium from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
25-07-2025
- Business
- Fast Company
Largest U.S. homebuilder: Housing market shift ‘still pointing towards' bigger incentives
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. On Tuesday, D.R. Horton—America's most valuable and largest homebuilder, with a $46 billion market capitalization and ranked No. 123 on the Fortune 500—reported its third-quarter earnings for the three months ending June 30. While D.R. Horton's earnings didn't wow investors, the fact that there wasn't an accelerated softening beyond what homebuilders— including D.R. Horton —had already reported earlier this year was enough for some Wall Street investors to buy back into homebuilder stocks. For today's piece, we're going to take a closer look at D.R. Horton's earnings and the commentary its executives provided during Tuesday's earnings call. Incentive spending is helping D.R. Horton's home sales hold steady D.R. Horton's net new orders, by its fiscal Q3 (the three months ending June 30th): Q3 2018 —> 14,650 Q3 2019 —> 15,588 Q3 2020 —> 21,519 Q3 2021 —> 17,952 Q3 2022 —> 16,693 Q3 2023 —> 22,879 Q3 2024 —> 23,001 Q3 2025 —> 23,071 D.R. Horton continues to see weakness in Florida While D.R. Horton's national net orders were pretty much flat year-over-year, there was a -10.1% year-over-year drop in its Southeast division. That division includes Florida—which D.R. Horton once again acknowledged remains on the softer/weaker side. 'There's been a lot of a change [weakening] in the dynamic in the Florida markets. And perhaps most so there. Other markets continue to be consistent performers where there's been limited inventory and limited development of lots. And housing production continues to see strong demand in those markets,' D.R. Horton chief operating officer Michael Murray said during their earnings call on July 22, 2025. North (13% of D.R. Horton's Q3 2025 net new orders): Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, New Jersey, Ohio, Pennsylvania, Virginia, West Virginia, and Wisconsin East (21%): Georgia, North Carolina, South Carolina, and Tennessee Northwest (6%): Colorado, Oregon, Utah, and Washington South Central (27%): Arkansas, Oklahoma, and Texas Southwest (10%): Arizona, California, Hawaii, Nevada, and New Mexico Southeast (24%): Alabama, Florida, Louisiana, and Mississippi D.R. Horton's average sales price moves sideways D.R. Horton's average sales price in Q3 2025 ($369,600) was -7.3% below the third-quarter peak in Q3 2022 ($398,800). It's possible that some of the drop in average sales price is due to shifts in product and geographic mix. Instead of outright price cuts, D.R. Horton has preferred to offer bigger incentives this cycle, such as mortgage rate buydowns. Regardless, D.R. Horton's average sales price confirms that upward pricing momentum has stalled in many markets. D.R. Horton's incentive spend has caused margin compression D.R. Horton reported a 21.8% gross margin on homes for Q3 2025. That's down from 24.0% in Q3 2024; however, it's unchanged from its Q2 2025 gross margin (21.8%). The fact that the margin didn't further compress quarter-over-quarter is why some investors bought the stock back. However, D.R. Horton acknowledged that, looking ahead, the ongoing housing market softening still points towards a bit higher incentives. 'Our commentary really over the last year has been that incentives have been increasing. That's been the main driver for the gross margin decline over the last year. Our operators are striving every day to strike the best balance between hitting pace and maintaining margin in each community to maximize returns. And so they're using all the levers they have with incentives to try to balance that. And so we have seen the pace of incentive cost increases and the pace of margin decline moderate a bit over the last couple of quarters and then this quarter it held flat sequentially [quarter-over-quarter],' Jessica Hansen, head of investor relations at D.R. Horton, said during their earnings call on July 22, 2025. Hansen added that: 'But the trend is still pointing towards a bit higher incentives, and we don't see significant offsets to that, though we will continue to work on costs on the construction side.' On Tuesday, D.R. Horton told investors expect Q4 2025 gross margins to come in between 21.0% and 21.5%. Labor hasn't been an issue for D.R. Horton yet despite the increased ICE crackdown 'From labor availability, it's plentiful. We have the labor that we need. Our trades are looking for work. And that's why you've seen sequential and year-over-year reduction in our cycle time. Because we have the support we need to get our homes built. And, you know, given those efficiencies, reductions in stick and brick [costs] over time. Some of that is from design. And efficiency of the product that we're putting in the field. And some of that is just from the efficiency of our operations,' D.R. Horton CEO Paul Romanowski said during their earnings call on July 22, 2025. Tariffs haven't coincided with higher stick-and-brick costs—but lumber tariffs are something to watch On Tuesday, D.R. Horton told analysts that stick-and-brick costs are down 2% year-over-year and down 1% quarter-over-quarter. Note: My understanding is that 'stick-and-brick costs' include direct construction costs of building a home on-site using traditional wood materials like lumber ('sticks') and masonry materials like concrete ('bricks'). These costs include both materials (e.g., lumber, drywall) and labor (plumbers, roofers, etc.). Although the White House hasn't included Canadian softwood lumber on their broader tariff list, the U.S. government is preparing to more than double the duties on Canadian lumber imports. As a part of its annual review, the U.S. Department of Commerce plans to raise the tariff on Canadian lumber from 14.45% to 34.45%. The U.S. Department of Commerce argues that Canadian lumber is being unfairly subsidized and sold below market value in the U.S. 'It [higher duties on Canadian lumber] will have some potential impact, but we've not quantified that. I know it is a significant step up in the tariff rates, I think, going to effect next month. But, you know, we're buying some percentage of that wood and there's some substitutionary product that would be available as well. Based on where that pricing ultimately settles,' D.R. Horton chief operating officer Michael Murray said during their earnings call on July 22, 2025. Homebuilder stocks got a little bounce following D.R. Horton's earnings Following the earnings reports from D.R. Horton and PulteGroup on Tuesday, Wall Street gave homebuilder shares a slight bounce. While the move doesn't return shares to the highs reached around September 2024, it could signal that some on Wall Street believe homebuilder margin compression is losing momentum. The super-early-rate deadline for Fast Company's Most Innovative Companies Awards is tonight, July 25, at 11:59 p.m. PT. Apply today.
