Landsea Homes Corporation Provides Earnings and Operating Guidance for the Fourth Quarter and Full Year Ended December 31, 2020
February 10, 2021 at 09:05 pm
Share
Landsea Homes Corporation provided earnings and operating guidance for the fourth quarter and full year ended December 31, 2020. For the quarter, total home sales are expected to increase 3% to $284.7 million with 587 homes delivered at an average sales price of approximately $485,000 compared to $275.2 million with 278 homes delivered at an average sales price of approximately $990,000 in the fourth quarter of 2019. Net new home orders are expected to increase 182% to 415 homes with a dollar value of $235.4 million and an average sales price of approximately $567,000 compared to 147 homes with a dollar value of $130.6 million and an average sales price of approximately $888,000 in the prior year period.
For the full year, total home sales are expected to increase 29% to $734.6 million with 1,527 homes delivered at an average sales price of approximately $481,000 compared to $568.9 million with 597 homes delivered at an average sales price of approximately $953,000 in 2019. Net new home orders are expected to increase 294% to 1,891 homes with a dollar value of approximately $968.4 million and an average sales price of approximately $512,000 compared to 480 homes with a dollar value of approximately $461.3 million and an average sales price of approximately $961,000 in the prior year.
Landsea Homes Corporation is a residential homebuilder. It designs, construction, markets and sales of suburban and urban single-family detached and attached homes in Arizona, California, Colorado, Florida, Texas, and Metro New York. The Arizona market includes entry-level, single-family homes in Avondale, Buckeye, Chandler, Goodyear, Mesa, Phoenix, Queen Creek, Surprise and Tolleson. The California market consists of single-family detached and attached homes in Alameda, Contra Costa, Marin, San Joaquin and Santa Clara counties in Northern California and Los Angeles, Orange and San Bernardino counties in Southern California. The Metro New York market consists of a condominium project in the Chelsea neighborhood in New York City, New York. The Texas market includes single-family homes and a master-planned community around Austin. The Colorado market focuses on entry level and first-time move up communities with new single-family detached homes in Mead and Brighton.
LANDSEA HOMES CORPORATION 
