New Home

New Home Lot Inventory Modestly Climbs Again, Zonda Reports

Retrieved on: 
Wednesday, November 8, 2023

NEWPORT BEACH, Calif., Nov. 8, 2023 /PRNewswire-PRWeb/ -- Today, the experts at Zonda, the housing industry's foremost advisors, released the New Home Lot Supply Index (LSI) for 3Q23. The New Home LSI, backed by data from Zonda, shows lot supply loosened year-over-year across the United States. The index is a residential real estate indicator based on the number of single-family vacant developed lots and the rate at which those lots are absorbed.

Key Points: 
  • The New Home LSI, backed by data from Zonda, shows lot supply loosened year-over-year across the United States.
  • Lot inventory is still categorized as "significantly undersupplied" in most markets, but the loosening trend is broad based.
  • The stages range from raw land through streets in, which is the last step before the lot becomes a vacant developed lot.
  • It is necessary to monitor residential lot supply to understand how new home markets may be impacted by the incoming pipeline.

The New Home Company Schedules Earnings Conference Call for the 2023 Fourth Quarter

Retrieved on: 
Tuesday, November 7, 2023

The New Home Company today announced that the Company will release its financial results for the 2023 fourth quarter on its confidential data site on Wednesday, November 15, 2023.

Key Points: 
  • The New Home Company today announced that the Company will release its financial results for the 2023 fourth quarter on its confidential data site on Wednesday, November 15, 2023.
  • The Company will also host a conference call beginning at 8:00 AM Pacific Time (11:00 AM Eastern Time) on Wednesday, November 15, 2023 to review the results, discuss recent events and conduct a question-and-answer period.
  • To listen to the webcast live, eligible participants may access the link found in the Conference Call Information document on the Confidential Data Site in the “Other” folder.
  • An archive of the webcast will be available to eligible participants for a limited time.

Deako™ Lighting Announces Partnership with Top 100 Builder New Home Co. in Exclusive Two-Year Agreement

Retrieved on: 
Wednesday, October 25, 2023

SEATTLE, Oct. 25, 2023 /PRNewswire/ -- Deako™, the creator of the industry's first modular smart lighting system for homeowners, today announces a two-year exclusive contract with New Home Co. to install its modular lighting system in homes in California, Arizona, Colorado, Washington and Oregon. All New Home Co. homebuyers will move into homes with Deako lighting systems already embedded, allowing them to customize their lighting needs through its effortless plug-and-play light switches. Deako's innovative modular light switch system gives the power back to the homeowners, helping them save thousands of dollars by avoiding additional help from electricians for upgrades and switch swaps. New Home Co. homebuyers will have the opportunity to upgrade their light switches through available design programs at each community.

Key Points: 
  • The Modular Smart Lighting System Company also Collaborates with Other Top Builders and Distributors to Provide Homeowners with Innovative Smart Lighting Control Solutions Nationwide.
  • All New Home Co. homebuyers will move into homes with Deako lighting systems already embedded, allowing them to customize their lighting needs through its effortless plug-and-play light switches.
  • Deako's expansion highlights the continued consumer demand for smart home lighting options and streamlined technology offerings that are easy to use.
  • We're excited to work with a forward-thinking builder like New Home Co. to reimagine home lighting systems for the buyers."

GOLDEN STATE FOODS PROMOTES THREE LEADERS INTO GROUP VICE PRESIDENT ROLES

Retrieved on: 
Tuesday, October 24, 2023

IRVINE, Calif., Oct. 24, 2023 /PRNewswire/ -- Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the promotions of three leaders.

Key Points: 
  • IRVINE, Calif., Oct. 24, 2023 /PRNewswire/ -- Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the promotions of three leaders.
  • In GSF's Irvine, California corporate global headquarters, promotions include Ken Mance to group vice president, human resources and labor, as well as Dave Norman to group vice president, corporate controller.
  • Based in Arkansas City, Kansas, Bryan Bartee will now serve as group vice president, operations for the company's KanPak Kansas dairy products facility.
  • "We truly value Dave's leadership, contributions, and positive approach to business," said Brad Tingey, GSF's corporate senior vice president and chief financial officer.

New Home Sales Experienced Modest Drop in September, Zonda Reports

Retrieved on: 
Monday, October 23, 2023

NEWPORT BEACH, Calif., Oct. 23, 2023 /PRNewswire-PRWeb/ -- Today, the experts at Zonda, the housing industry's foremost advisors, released the New Home Market Update report for September 2023.

Key Points: 
  • Despite the increase, Zonda's count of September new home sales captures only a modest drop month-over-month.
  • "Dynamics are shifting in the housing market as affordability worsens," said Ali Wolf, Chief Economist for Zonda.
  • While both are still true, the discussion of today's sales dynamics has been more market-by-market, builder-by-builder, product-by-product, and price point-by-price point specific."
  • Zonda's New Home Pending Sales Index (PSI) was created to help account for fluctuations in supply by combining both total sales volume with the average sales rate per month per community.

New Home Market Shows Some Resilience, According to Zonda

Retrieved on: 
Friday, September 22, 2023

Zonda's new home sales metric shows there were 709,114 new homes sold in August on a seasonally adjusted annualized rate.

Key Points: 
  • Zonda's new home sales metric shows there were 709,114 new homes sold in August on a seasonally adjusted annualized rate.
  • Overall, sales have held up better than expected but seasonality and affordability challenges remain clear headwinds to the market.
  • In contrast, resale sales are down year-over-year as the lack of inventory continues to plague the market."
  • This metric shows there were 709,114 new homes sold in August on a seasonally adjusted annualized rate.

New Home Sales Hold Steady in July, Zonda Reports in Latest New Home Market Update

Retrieved on: 
Monday, August 21, 2023

NEWPORT BEACH, Calif., Aug. 21, 2023 /PRNewswire-PRWeb/ -- Today, the experts at Zonda, the housing industry's foremost advisors, released the New Home Market Update report for July 2023.

Key Points: 
  • Some of those sales are driven by incentives and discounts and some are even as prices rise in select communities again.
  • The latest data for July shows that sales have climbed 26% from the same month in 2019.
  • Zonda's new home sales metric counts the number of new home contract sales each month and accounts for both cancellations and seasonality.
  • It is necessary to monitor both new and existing home sales to establish an accurate picture of the relative health of the residential real estate market.

Hello Sunshine's The Home Edit and Extreme Makeover: Home Edition (wt) in Development at ABC Enlist Community Volunteers to Help Build New Home for Local Austin Family

Retrieved on: 
Wednesday, August 16, 2023

AUSTIN, Texas, Aug. 16, 2023 /PRNewswire/ -- Clea Shearer and Joanna Teplin, home organization experts behind The Home Edit, a part of Hello Sunshine, which is a division of Candle Media, today announced that Taylor Morrison Home Corporation (NYSE: TMHC), America's Most Trusted® Home Builder, will serve as the homebuilder for the pilot episode of the new take on the award-winning show, Extreme Makeover: Home Edition (working title), in development at ABC. The pilot episode of the reboot will take place in the burgeoning town of Hutto, Texas, in Taylor Morrison's Emory Crossing community to support a local Austin family.

Key Points: 
  • The pilot episode of the reboot will take place in the burgeoning town of Hutto, Texas, in Taylor Morrison's Emory Crossing community to support a local Austin family.
  • Extreme Makeover: Home Edition (wt) takes the biggest home renovation show to ever exist, adds hosts Clea and Joanna's world-renowned organizational expertise, and creates the ultimate home makeover experience.
  • Like the original, this new series will showcase great stories, inspired volunteers, and mind-blowing home renovations and builds for families who give back to their communities.
  • Extreme Makeover: Home Edition (wt) is produced by Endemol Shine North America and Hello Sunshine in association with Walt Disney Television Alternative.

The New Home Company Schedules Earnings Conference Call for the 2023 Third Quarter

Retrieved on: 
Friday, July 21, 2023

The New Home Company today announced that the Company will release its financial results for the 2023 third quarter on its confidential data site on Thursday, July 27, 2023.

Key Points: 
  • The New Home Company today announced that the Company will release its financial results for the 2023 third quarter on its confidential data site on Thursday, July 27, 2023.
  • The Company will also host a conference call beginning at 7:30 AM Pacific Time (10:30 AM Eastern Time) on Thursday, July 27, 2023 to review the results, discuss recent events and conduct a question-and-answer period.
  • To listen to the webcast live, eligible participants may access the link found in the Conference Call Information document on the Data Site in the “Other” folder.
  • An archive of the webcast will be available to eligible participants for a limited time.

New Home Sales Flatten Month-Over-Month in June, Rising 34% from Last Year

Retrieved on: 
Friday, July 21, 2023

NEWPORT BEACH, Calif., July 21, 2023 /PRNewswire-PRWeb/ -- Today, the experts at Zonda, the housing industry's foremost advisors, released the New Home Market Update report for June 2023.

Key Points: 
  • Zonda's new home sales metric counts the number of new home contract sales each month and accounts for both cancellations and seasonality.
  • Zonda's New Home Pending Sales Index (PSI) was created to help account for fluctuations in supply by combining both total sales volume with the average sales rate per month per community.
  • As a result, the New Home PSI blends the cumulative sales of activity recently sold out projects with the average sales rate per community, which adjusts for fluctuations in supply.
  • It is necessary to monitor both new and existing home sales to establish an accurate picture of the relative health of the residential real estate market.