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Homebuilding

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Tamawood Ltd ‍Confirms Interim Fully Franked Dividend Of 11 Cents Per Share​

Monday, 15 Jan 2018 06:41pm EST

Jan 16 (Reuters) - Tamawood Ltd ::‍CONFIRMS INTERIM FULLY FRANKED DIVIDEND OF 11 CENTS FOR 1HFY18​.‍H1 NET PROFIT BEFORE TAX IS ABOUT $400,000 DOWN IN COMPARISON TO FIRST HALF FY17​.SEES ‍FINAL FULLY FRANKED DIVIDEND OF 16 CENTS FOR 2HFY18 CONSISTENT WITH FY17​.

Hovnanian Enterprises Says Solus Alternative Asset Management Filed Complaint In U.S. District Court Against Co, Among Others

Friday, 12 Jan 2018 06:53am EST

Jan 12 (Reuters) - Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES-ON JAN 11, SOLUS ALTERNATIVE ASSET MANAGEMENT FILED COMPLAINT IN U.S. DISTRICT COURT AGAINST CO AMONG OTHERS - SEC FILING.HOVNANIAN- COMPLAINT RELATES TO K. HOVNANIAN S OFFER TO EXCHANGE $185 MILLION OF ITS 8.0% SENIOR NOTES DUE 2019 FOR CASH AND OTHER SENIOR NOTES.

UK builder Bovis says pre-tax profit after exceptionals to be around 115 million pounds in 2017

Friday, 12 Jan 2018 02:38am EST

Jan 12 (Reuters) - Bovis Homes Group Plc ::UK BUILDER BOVIS' CEO TELLS REUTERS FULL-YEAR PRE-TAX PROFIT AFTER ONE-OFF EXCEPTIONAL ITEMS WILL BE AROUND 115 MILLION POUNDS, 2018 PROFIT WILL BE 155 MILLION POUNDS.

Taylor Morrison Home Corp - Preliminary Total Revenue For Year Ended Dec 31 Was $3.89 Bln

Thursday, 11 Jan 2018 06:32pm EST

Jan 11 (Reuters) - Taylor Morrison Home Corp ::- PRELIMINARY TOTAL REVENUE FOR YEAR ENDED DECEMBER 31, 2017 WAS $3.89 BILLION COMPARED TO $3.55 BILLION.- PRELIMINARY TOTAL GROSS MARGIN FOR YEAR ENDED DECEMBER 31, 2017 WAS $738.9 MILLION, COMPARED TO $680.3 MILLION.FY2017 REVENUE VIEW $3.85 BILLION -- THOMSON REUTERS I/B/E/S.TAYLOR MORRISON HOME - ‍PRELIMINARY HOME CLOSINGS REVENUE FOR YEAR ENDED DEC 31, 2017 WAS $3.80 BILLION VERSUS $3.43 BILLION FOR YEAR ENDED DEC 31, 2016​.- PRELIMINARY NET SALES ORDERS FOR YEAR ENDED DECEMBER 31, 2017 WERE 8,397 COMPARED TO 7,504 IN PRIOR YEAR.TAYLOR MORRISON HOME - HAD PRELIMINARY BACKLOG OF 3,496 UNITS AT DEC 31, 2017 VERSUS 3,131 UNITS AT DECEMBER 31, 2016​.TAYLOR MORRISON HOME SAYS ‍PRELIMINARY HOME CLOSINGS FOR YEAR ENDED DECEMBER 31, 2017 WERE APPROXIMATELY 8,032​ - SEC FILING.

KB Home Q4 Earnings Per Share $0.84

Wednesday, 10 Jan 2018 04:10pm EST

Jan 10 (Reuters) - Kb Home ::REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS.QTRLY ‍DELIVERIES GREW 9% TO 3,340 HOMES​.- BACKLOG VALUE AT QUARTER END RISES 9% TO $1.7 BILLION.- NET ORDER VALUE FOR Q4 ROSE 9% TO $935.4 MILLION ON A 2% INCREASE IN NET ORDERS TO 2,296‍​.Q4 EARNINGS PER SHARE $0.84.Q4 EARNINGS PER SHARE VIEW $0.77 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE $1.4 BILLION VERSUS I/B/E/S VIEW $1.36 BILLION.- ‍INVENTORIES DECREASED TO $3.26 BILLION FOR YEAR ENDED NOV 30, 2017​.- FOR Q4, HOMES IN BACKLOG ROUGHLY FLAT AT 4,411‍​.

Lennar Sees FY 2018 Gross Margin About 22 Pct VS 22.1 Pct In FY 2017 - Conf Call‍​

Wednesday, 10 Jan 2018 12:10pm EST

Jan 10 (Reuters) - Lennar Corp ::LENNAR CORP SAYS THE “STRATEGIC” TRANSACTION THAT SHIFTED FROM Q4 TO Q1 2018, WILL PRODUCE MORE THAN THE Q4 SHORTFALL IN Q1 - CONF CALL‍​.LENNAR SAYS CONCERNS ABOUT CAPS ON DEDUCTION OF INTEREST PAYMENT ON MORTGAGE DEBT AND STATE AND LOCAL TAX AS PART OF THE TAX REFORM, SEEM TO BE OFFSET BY OPTIMISTIC MOMENTUM AROUND ECONOMIC GROWTH- CONF CALL‍​.LENNAR SAYS IT HAS STUDIED SPECIFIC IMPACTS OF THE TAX LAW ON ITS TYPICAL BUYER PROFILE IN EACH MARKET, AND FOUND THAT THE EFFECT IS GENERALLY POSITIVE AT THEIR INCOME LEVELS- CONF CALL‍​.LENNAR ANTICIPATES CLOSING THE MERGER WITH CALATLANTIC ON FEB. 12, 2018 - CONF CALL‍​.LENNAR SEES FY 2018 HOME DELIVERIES BETWEEN 32,000 AND 32,500 UNITS VERSUS 29,394 UNITS IN FY 2017 - CONF CALL‍​.LENNAR EXPECTS FY 2018 OPERATING MARGINS TO MATCH THE 2017 LEVEL OF 12.9 PERCENT - CONF CALL‍​.LENNAR SEES FY 2018 GROSS MARGIN TO BE ABOUT 22 PERCENT VERSUS 22.1 PERCENT IN FY 2017 - CONF CALL‍​.

Lennar Sees FY 2018 Gross Margin About 22 Pct VS 22.1 Pct In FY 2017 - Conf Call‍​

Wednesday, 10 Jan 2018 12:10pm EST

Jan 10 (Reuters) - Lennar Corp ::LENNAR CORP SAYS THE “STRATEGIC” TRANSACTION THAT SHIFTED FROM Q4 TO Q1 2018, WILL PRODUCE MORE THAN THE Q4 SHORTFALL IN Q1 - CONF CALL‍​.LENNAR SAYS CONCERNS ABOUT CAPS ON DEDUCTION OF INTEREST PAYMENT ON MORTGAGE DEBT AND STATE AND LOCAL TAX AS PART OF THE TAX REFORM, SEEM TO BE OFFSET BY OPTIMISTIC MOMENTUM AROUND ECONOMIC GROWTH- CONF CALL‍​.LENNAR SAYS IT HAS STUDIED SPECIFIC IMPACTS OF THE TAX LAW ON ITS TYPICAL BUYER PROFILE IN EACH MARKET, AND FOUND THAT THE EFFECT IS GENERALLY POSITIVE AT THEIR INCOME LEVELS- CONF CALL‍​.LENNAR ANTICIPATES CLOSING THE MERGER WITH CALATLANTIC ON FEB. 12, 2018 - CONF CALL‍​.LENNAR SEES FY 2018 HOME DELIVERIES BETWEEN 32,000 AND 32,500 UNITS VERSUS 29,394 UNITS IN FY 2017 - CONF CALL‍​.LENNAR EXPECTS FY 2018 OPERATING MARGINS TO MATCH THE 2017 LEVEL OF 12.9 PERCENT - CONF CALL‍​.LENNAR SEES FY 2018 GROSS MARGIN TO BE ABOUT 22 PERCENT VERSUS 22.1 PERCENT IN FY 2017 - CONF CALL‍​.

Jingrui Holdings Says Unit Acquires Beijing Chengyuan​ For RMB269 Mln

Wednesday, 10 Jan 2018 08:14am EST

Jan 10 (Reuters) - Jingrui Holdings Ltd <1862.HK>::UNIT ACQUIRES 100% EQUITY INTEREST IN BEIJING CHENGYUAN​ FOR RMB269 MILLION.

Lennar Reports Fourth Quarter EPS Of $1.29

Wednesday, 10 Jan 2018 06:00am EST

Jan 10 (Reuters) - Lennar Corp ::QTRLY REVENUES OF $3.8 BILLION - UP 12%.IN QUARTER 8% INCREASE IN AVERAGE SALES PRICE OF HOMES DELIVERED.QTRLY DELIVERIES OF 8,633 HOMES - UP 5%.QUARTER-END BACKLOG OF 8,935 HOMES - UP 17%; QUARTER-END BACKLOG DOLLAR VALUE OF $3.6 BILLION - UP 23%.QTRLY NEW ORDERS OF 7,357 HOMES - UP 12%; NEW ORDERS DOLLAR VALUE OF $2.8 BILLION - UP 18%.TAX REFORM BILL WILL REDUCE EFFECTIVE TAX RATE IN 2018 FROM 34% TO ABOUT 25%.LENNAR - EXCLUDED FROM 2018 EFFECTIVE TAX RATE IS 1-TIME NON-CASH WRITE-DOWN OF DEFERRED TAX ASSETS OF ABOUT $70 MILLION WHICH WILL BE RECORDED IN Q1 2018.LENNAR REPORTS FOURTH QUARTER EPS OF $1.29.Q4 EARNINGS PER SHARE $1.29.Q4 EARNINGS PER SHARE VIEW $1.48 -- THOMSON REUTERS I/B/E/S.QTRLY GROSS MARGIN ON HOME SALES OF 22.4%, COMPARED TO 23.3%.LENNAR - ONE-TIME NON-CASH WRITE-DOWN OF DEFERRED TAX ASSETS, WHICH WILL BE RECORDED IN Q1 OF 2018, WAS AS RESULT OF LOWER EFFECTIVE TAX RATE."MISSED Q4, BOTTOM-LINE GUIDANCE BECAUSE A SINGLE, STRATEGIC TRANSACTION SHIFTED INTO Q1 OF 2018".LENNAR - "ENTHUSIASM FOR STRENGTH OF ECONOMY, COMBINED WITH ADDED TAILWINDS OF RECENT TAX LAW CHANGES, CONTINUE TO PROPEL HOUSING MARKET FORWARD".Q4 REVENUE VIEW $3.57 BILLION -- THOMSON REUTERS I/B/E/S.IN DEC 2017, TAX CUTS AND JOBS ACT WAS ENACTED WHICH WILL HAVE A POSITIVE IMPACT ON CO'S EFFECTIVE TAX RATE IN 2018, SUBSEQUENT YEARS.

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