Landsea Homes Reports Fourth Quarter and Full Year 2023 Results
“Landsea Homes ended 2023 on a strong note, as the company posted healthy profits and a significant year-over-year increase in net new orders in the fourth quarter”, said John Ho, Landsea Homes’ Chief Executive Officer.
- “Landsea Homes ended 2023 on a strong note, as the company posted healthy profits and a significant year-over-year increase in net new orders in the fourth quarter”, said John Ho, Landsea Homes’ Chief Executive Officer.
- Total homes delivered decreased 6% to 664 homes at an average sales price of $572,000 compared to 703 homes at an average sales price of $594,000 in the fourth quarter of 2022.
- Home sales gross margin was 15.9% in the fourth quarter of 2023, compared to 19.0% in the prior year period.
- As a result, I am very optimistic about the future of Landsea Homes.”
The Company will hold a conference call today at 10:00 a.m. Eastern Time to discuss its fourth quarter 2023 results.