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Texas new homes selling at a record pace, prices spike


Texas new homes selling at a record pace, prices spike
HomesUSA.com reports “inventory squeeze” lowers Days on Market, fewer active listings, and auction-style sales anticipated
April 20, 2021 11:00 ET
| Source:
HomesUSA.com
HomesUSA.com
DALLAS, April 20, 2021 (GLOBE NEWSWIRE) Texas home builders are facing extraordinary demand for new homes, which are selling at a record pace and causing prices to jump, HomesUSA.com reported today. The 12-month moving average for Days on Market dropped from 100 days to 86.54 days in the last six months, with the three-month average at 76.54 days, according to the
HomesUSA.com News Home Sales Index. It’s the fastest sales pace of new homes since HomesUSA.com started reporting Days on Market data in 2017. ....

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Landsea Homes Reports Fourth Quarter and Full Year 2020 Results, Reiterates Strong 2021 Outlook


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Landsea Homes Reports Fourth Quarter and Full Year 2020 Results, Reiterates Strong 2021 Outlook
Landsea HomesMarch 11, 2021 GMT
NEWPORT BEACH, Calif., March 11, 2021 (GLOBE NEWSWIRE) Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, reported financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Summary vs. Same Year-Ago Quarter
Total revenue was $284.7 million compared to $286.1 million.
Excluding lot sales from total revenue, total home sales increased 3% to $284.7 million compared to $275.2 million.
Total homes delivered increased 111% to 587 homes compared to 278. ....

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Market Watch 666 For 28February 2021


Market Watch 666 For 28February 2021
Fourth quarter GDP revision; January’s income and outlays, durable goods, and new home sales
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This week also had the release of the Chicago Fed National Activity Index (CFNAI) for January, a weighted composite index of 85 different economic metrics, which rose to +0.66 in January from +0.41 in December, which was revised from the +0.52 reported for December last month. after revisions, the 3 month average of the CFNAI slipped to +0.47 in January from a revised +0.60 in December, which still indicates that national economic activity has been somewhat above the historical trend over recent months.in addition, the week also saw the Case-Shiller Home Price Index for December from S&P Case-Shiller, which reported that home prices nationally during October, November and December averaged 12.4% higher than prices for the same homes that sold dur ....

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