Items Tagged with 'homebuilding sector'

ARTICLES

  • 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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  • 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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  • 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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  • Beazer Homes expanding homebuilding operations in Carolinas

    Buys hundreds of sites in $29 million deal with Bill Clark Homes
    Beazer Homes, a homebuilder based in Atlanta, is set to expand its homebuilding operations in North and South Carolina thanks to a $29 million deal with Bill Clark Homes, a private homebuilder that operates in the Carolinas. Here are the details.
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  • Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger

    Both cite combined company’s size as significant benefit
    On Monday, Lennar and CalAtlantic Group announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder. Both Fitch Ratings and Moody's Investors Service are bullish on the deal. Here's why.
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  • Lennar merger will create nation’s largest homebuilder

    Deal with CalAtlantic makes company top 3 builder in 24 of 30 largest markets
    It’s turning out to be a year of significant growth for Lennar. Earlier this year, the homebuilder closed on a $643 million acquisition of WCI Communities, a luxury homebuilder headquartered in Florida. But that deal pales in comparison to Lennar’s latest deal.
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  • D.R. Horton completes acquisition of real estate developer Forestar Group

    Majority of Forestar shareholders choose to cash out
    After a tug-of-war between Starwood Capital Group and D.R. Horton over which real estate giant would buy real estate developer Forestar Group, D.R. Horton eventually won out, thanks to a superior offer that significantly topped Starwood’s bid for Forestar. Now, the merger of D.R. Horton and Forestar is complete, as the homebuilder announced Friday morning that the deal is done.
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