Articles Tagged with ''Homebuilders''

More homebuilder consolidation: Century Communities buys Wade Jurney Homes

Deal creates nation’s 10th largest homebuilder
The consolidation of the homebuilding industry continues. Last week, Taylor Morrison announced that it is acquiring fellow homebuilder AV Homes in a deal valued at nearly $1 billion. Next up is Century Communities, which announced Friday that it is acquired the remaining 50% of Wade Jurney Homes in a deal that creates the nation’s 10th largest homebuilder.
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Homebuilder merger: Taylor Morrison buying AV Homes in nearly $1 billion deal

Grows Taylor Morrison’s portfolio in Florida, Carolinas, Arizona, Texas
There’s about to be more consolidation in the homebuilding industry. Last year was all about Lennar, which acquired WCI Communities, a Florida-based luxury homebuilder, for $963 million, and later, bought CalAtlantic Group in a $9.3 billion deal that created the nation’s largest homebuilder. Now, it’s Taylor Morrison’s turn.
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Homebuilders see boost in confidence in May

Builder confidence increases two points
Homebuilder confidence rose two points to 70 in May after a downwardly revised April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. The tough break is what everyone has been talking about lately: rising building costs are making it nearly impossible to meet the demand for reasonably priced starter homes.
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Lennar names new CEO for first time in 21 years

Stuart Miller promoted from CEO to executive chairman, Rick Beckwitt named CEO
Lennar, which became the nation’s biggest homebuilder earlier this year when it bought fellow homebuilder CalAtlantic Group in a $9.3 billion deal, announced recently that it is making a series of executive changes. The changes, which consist of promoting several of the company’s leaders, mark the first significant shakeup of the company’s leadership in some time.
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Home Depot donates $50 million to fix construction shortage

Dedicates funds to train construction workers
As the construction labor shortage continues to hold back new home construction and even worsen the current housing inventory shortage, Home Depot announced its plan to help resolve the shortage. The company announced it will dedicate $50 million to fix the construction shortage – here’s how.
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Florida homebuilder Park Square Homes partners with FBC Mortgage to launch mortgage firm

PSH Mortgage will offer mortgages to Park Square homebuyers
For at least the third time in as many months, a homebuilder is partnering with a mortgage company to offer mortgage lending services to homebuyers. Florida’s Park Square Homes announced Monday that it is forming a joint venture with FBC Mortgage to provide mortgages to Park Square’s buyers.
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From HW Magazine

Changing demographics fuel the rise of multigenerational living

How builders are capitalizing on the growing trend
[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
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CalAtlantic Homes continues growth with acquisition of Utah’s Candlelight Homes

CalAtlantic set to merge with Lennar to create nation’s largest homebuilder
CalAtlantic Homes, which is set to be acquired by Lennar in a $9.3 billion deal that will create the nation’s largest homebuilder, is not done acquiring other homebuilders yet. The homebuilder announced that it acquired the homebuilding operations of Utah’s Candlelight Homes.
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