Items Tagged with 'homebuilding sector'

ARTICLES

  • Movement Mortgage buying big piece of Lennar’s Eagle Home Mortgage

    Acquiring retail operations of homebuilder’s mortgage arm
    Movement Mortgage has been through a couple rounds of layoffs this year, but when the nonbank lender laid off 180 employees back in October, CEO Casey Crawford said the company had no plans to step back. And that’s just what the company has done. Movement Mortgage announced Wednesday that it is acquiring a big piece of Lennar’s mortgage arm, Eagle Home Mortgage.
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  • D.R. Horton boosts Iowa homebuilding business by acquiring Classic Builders

    D.R. Horton will pay $60 million for acquisition
    D.R. Horton is set to grow its homebuilding business in the state of Iowa, as the homebuilder announced Tuesday that it acquired Classic Builders, one of the largest homebuilders in Des Moines. According to D.R. Horton, it expects to pay approximately $60 million in cash for Classic Builders and its homebuilding assets.
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  • Airbnb is getting into the homebuilding business

    Will build homes designed for sharing
    There’s about to be a new homebuilder on the market, and it’s a name that you’re likely familiar with – Airbnb. Yes, the short-term rental platform, which to this point has specialized in helping people rent out their houses or apartments, is going to start building homes of its own, ones that are designed to be shared.
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  • 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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  • 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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