Landsea operates in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. The company's strategy focuses on strategic acquisitions and project expansions to increase market share, with cost reductions and financial restructuring efforts aimed at improving margins and earnings.
Cyborg Score Rationale
Q1 2025 showed mixed results with home sales revenue growing 2.3% to $299.4 million and new home deliveries up 27.3%, but the company reported a net loss of $7.1 million. Average selling price decreased 20% due to lower-priced market exposure, with gross margin at 13.0%.
Top Insights
Backlog decreased significantly to 426 homes valued at $230.8 million from 623 homes worth $380.0 million year-over-year
Named Green Home Builder 2023 Builder of the Year by BUILDER magazine, recognizing sustainability leadership
Strengthened Texas operations with experienced leadership appointments including Stewart Parker as President of Austin and Dallas-Fort Worth divisions, bringing 25+ years of homebuilding experience
As of June 24, 2025, Landsea Homes Corporation operates as a subsidiary of The New Home Company Inc.
Named Competitors
KB Home — National homebuilder with diverse geographic footprint
Lennar Corporation — Large-cap homebuilder with multiple brands and markets
D.R. Horton — Leading U.S. homebuilder by volume
Recent Developments
(Feb 2025) Appointed experienced leadership to strengthen Texas operations
(May 2025) Q1 2025 results showed 27.3% increase in home deliveries but net loss of $7.1 million
(May 2025) Announced Arizona expansion with 78 homesites in Moonlight master-planned community launching summer 2025
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