Latest news with #homes
Reuters
a day ago
- Business
- Reuters
The Founder Story Behind Unlisted: From Neighborhood Curiosity to National Platform
DAYTON, OH, June 19, 2025 (EZ Newswire) -- Unlisted, opens new tab, the real estate platform focused exclusively on homes not currently for sale, was born from a familiar moment. Founder and CEO, Katie Hill, walked past a home and thought, 'I love that house; I wonder if it could be mine someday?' Unlike most, she acted on that curiosity — and Unlisted was the result. Unlisted's origin story began with a friendly conversation. Hill approached her neighbor who owned the house she admired and expressed her interest. The owner wasn't selling right then but was flattered, intrigued, and open to future conversations as he was planning for his retirement in the coming few years. Hill asked for a right of first refusal whenever the neighbor was ready to sell and he agreed. That moment of neighborhood curiosity inspired many questions in Hill's mind: These questions became the blueprint for Unlisted, a growing platform built to unlock the hidden layer of the real estate market: homes that aren't actively for sale but might be — for the right offer, the right timeline, or the right terms. Founded by Hill in 2022, Unlisted helps buyers express interest in any home, whether or not it's on the market, and gives homeowners a private, pressure-free way to collect interest and better understand the marketability of their property. Homeowners can 'claim' their home, control the way their property appears online, personalize its details and photos, and initiate conversations with buyers who join their Waitlist — all on their own timeline, and without committing to sell. 'We're not trying to push people to sell,' says Hill. 'We're giving them the option to see what's possible and make better-informed decisions.' Unlisted works selectively with vetted real estate agents with proven track records, ensuring that when buyers and homeowners align on a transaction opportunity they have access to the local real estate resources they need. 'Unlisted's technology is far-reaching and creates more opportunities but it still maintains the local, human connection that is so important in real estate.' explains Jason Rowland, licensed real estate broker with the Rowland Group at Compass in Chicago and a selected partner with Unlisted. 'I have deep knowledge of my local market and serve as a trusted resource for both buyers and homeowners on Unlisted who are exploring their options in the neighborhood. It's the best of all worlds.' Real estate requires that people make some of the most important decisions of their lives. Unlisted offers a new way to discover opportunities and information — helping both sides of the transaction achieve optimum outcomes. Learn more at opens new tab. About Unlisted Unlisted is an AI-powered real estate technology platform designed to reveal off-market property opportunities. By leveraging machine learning, the company creates more dynamic, efficient market opportunities for buyers, sellers, and real estate professionals. For more information, visit Media Contact Sophia Jacometsophia@ ### SOURCE: Unlisted Copyright 2025 EZ Newswire See release on EZ Newswire
Zawya
2 days ago
- Business
- Zawya
ROSHN GROUP launches first phase of sales for ALDANAH
First phase of sales for ALDANAH now live with more than 1,000 homes, featuring diverse floor plans and architectural facade types ALDANAH stands in a strategic location in Greater Dammam at the confluence of Dammam, Dhahran, and Al Khobar and promises a vibrant new community RIYADH: ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer and a PIF company, has launched the first phase of sales for ALDANAH, its destination community in Dhahran, introducing more than 1,000 new, high-quality modern homes within an integrated community that will offer more than 2,000 homes upon completion. The first phase of ALDANAH offers a diverse range of floor plans and façade types, including standard and premium villas, in addition to duplexes. Customers can immerse themselves in ALDANAH's new way of living through on-site show villas in ALDANAH sales center. ALDANAH is holistically designed to offer residents vibrant and healthy lifestyles while fostering the growth of family-friendly communities. A rich array of amenities, including mosques, community centers, retail and commercial areas, and schools, is all within the community. More than 145,000 sqm of the project's total footprint will be dedicated to urban green space, accompanied by naturally shaded and pedestrian-friendly living streets, connecting residents with nature. Residents also benefit from ROSHN Group's unrivalled community management, maintenance, and scheduled services for public amenities through the Community App. This service ecosystem ensures that public areas are attractive and safe. ALDANAH is strategically located in the heart of Greater Dammam, at the confluence of Dammam, Dhahran, and Al Khobar, next to King Abdulaziz Road and just 35 minutes from King Fahd International Airport. Dr Khalid Johar, ROSHN Group Acting Chief Executive Officer, said: 'We continue to build on the momentum of ALDANAH community's groundbreaking as we reach another milestone with the launch of sales. The strategic location of ALDANAH and its regionally inspired designs, combined with the integrated amenities and the sustainable green spine, reflect ROSHN Group's commitment to developing destinations that enhance quality of life and contribute to the achievement of Saudi Vision 2030 objectives.'
Yahoo
2 days ago
- Business
- Yahoo
Lennar Corp (LEN) Q2 2025 Earnings Call Highlights: Navigating Market Challenges with Strategic ...
Revenue: Not explicitly mentioned in the transcript. Gross Margin: 18%, excluding purchase accounting. Net Margin: 9.2%, excluding purchase accounting. Average Sales Price: $389,000. Sales Incentives: 13.3% of sales. SG&A: 8.8% of revenue. Homes Delivered: Over 20,000 homes. Homes Sold: 22,601 homes. Community Count: 1,617 communities. Financial Services Operating Earnings: $157 million. Cash and Total Liquidity: $1.2 billion in cash and $5.4 billion in total liquidity. Debt to Total Capital: 11%. Book Value Per Share: Approximately $87. Q3 Guidance - Deliveries: 22,000 to 23,000 homes. Q3 Guidance - Average Sales Price: $380,000 to $385,000. Q3 Guidance - Gross Margin: Approximately 18%. Q3 Guidance - SG&A: 8% to 8.2%. Q3 Guidance - EPS: Approximately $2 to $2.20 per share. Warning! GuruFocus has detected 4 Warning Signs with TEN. Release Date: June 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lennar Corp (NYSE:LEN) maintained a strong focus on driving volume and growth, which helped them manage production and sales pace effectively. The company has been successful in reducing construction costs, with a 3.5% year-over-year decrease, reaching the lowest direct construction costs since Q3 of 2021. Lennar Corp (NYSE:LEN) is investing heavily in technology to enhance productivity and efficiency, which is expected to bring significant long-term returns. The company has improved its inventory turn to 1.8 times, a 13% improvement from the previous year, indicating better capital and production efficiencies. Lennar Corp (NYSE:LEN) has a strong balance sheet with $1.2 billion in cash and $5.4 billion in total liquidity, providing financial flexibility for future growth. The housing market remains challenging with higher interest rates and declining consumer confidence impacting demand. Lennar Corp (NYSE:LEN) experienced a reduction in gross margin to 18% due to increased sales incentives and a lower average sales price. The company is facing pressures from higher land and development costs, which are impacting overall profitability. SG&A expenses have increased due to investments in technology and lower revenue leverage, affecting overall margins. The market conditions have led to a softening in sales pace, particularly in markets like Seattle, Portland, and Northern California, where higher home prices and macroeconomic factors are impacting demand. Q: Have you seen any dramatic shifts year-to-date in terms of credit quality or the overall ability for consumers to purchase homes? A: Stuart Miller, Executive Chairman and Co-CEO, noted that the market has softened, with higher interest rates and waning consumer confidence. Bruce Gross, CEO of Lennar Financial Services, added that credit scores have been consistent, but there is a shift towards more government loans, which help with qualification ratios. Student loans have not significantly impacted credit scores yet. Q: Are there any markets where incentives don't affect demand, and you're struggling to achieve a targeted sales pace? A: Stuart Miller stated that market elasticity varies weekly, with some markets showing challenges. Jonathan Jaffe, President and Co-CEO, added that while some markets are more challenging, adjustments are made community-specific, and no market consistently behaves differently. Q: Could you discuss your view on long-term normalized operating margins and any changes in volume expectations? A: Stuart Miller confirmed that Lennar expects to hit the lower end of their previously stated range of 86,000 to 88,000 homes for the year. The focus remains on driving volume and adjusting pricing to meet market affordability, with no specific breaking point identified. Q: What margins and returns are you targeting when putting capital to work today? A: Stuart Miller explained that while working through older land assets, Lennar aims for a 20% gross margin on new acquisitions, with expectations of recalibrating costs. Jonathan Jaffe emphasized the importance of short-term land assets and the potential for improved margins over time. Q: Can you provide more details on the SG&A increase and its drivers? A: Stuart Miller explained that the SG&A increase is due to lower average sales prices, investments in future efficiencies, and increased marketing and selling expenses. The investment in technology and overhead is expected to yield attractive returns in the future. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Lennar Corp (LEN) Q2 2025 Earnings Call Highlights: Navigating Market Challenges with Strategic ...
Revenue: Not explicitly mentioned in the transcript. Gross Margin: 18%, excluding purchase accounting. Net Margin: 9.2%, excluding purchase accounting. Average Sales Price: $389,000. Sales Incentives: 13.3% of sales. SG&A: 8.8% of revenue. Homes Delivered: Over 20,000 homes. Homes Sold: 22,601 homes. Community Count: 1,617 communities. Financial Services Operating Earnings: $157 million. Cash and Total Liquidity: $1.2 billion in cash and $5.4 billion in total liquidity. Debt to Total Capital: 11%. Book Value Per Share: Approximately $87. Q3 Guidance - Deliveries: 22,000 to 23,000 homes. Q3 Guidance - Average Sales Price: $380,000 to $385,000. Q3 Guidance - Gross Margin: Approximately 18%. Q3 Guidance - SG&A: 8% to 8.2%. Q3 Guidance - EPS: Approximately $2 to $2.20 per share. Warning! GuruFocus has detected 4 Warning Signs with TEN. Release Date: June 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lennar Corp (NYSE:LEN) maintained a strong focus on driving volume and growth, which helped them manage production and sales pace effectively. The company has been successful in reducing construction costs, with a 3.5% year-over-year decrease, reaching the lowest direct construction costs since Q3 of 2021. Lennar Corp (NYSE:LEN) is investing heavily in technology to enhance productivity and efficiency, which is expected to bring significant long-term returns. The company has improved its inventory turn to 1.8 times, a 13% improvement from the previous year, indicating better capital and production efficiencies. Lennar Corp (NYSE:LEN) has a strong balance sheet with $1.2 billion in cash and $5.4 billion in total liquidity, providing financial flexibility for future growth. The housing market remains challenging with higher interest rates and declining consumer confidence impacting demand. Lennar Corp (NYSE:LEN) experienced a reduction in gross margin to 18% due to increased sales incentives and a lower average sales price. The company is facing pressures from higher land and development costs, which are impacting overall profitability. SG&A expenses have increased due to investments in technology and lower revenue leverage, affecting overall margins. The market conditions have led to a softening in sales pace, particularly in markets like Seattle, Portland, and Northern California, where higher home prices and macroeconomic factors are impacting demand. Q: Have you seen any dramatic shifts year-to-date in terms of credit quality or the overall ability for consumers to purchase homes? A: Stuart Miller, Executive Chairman and Co-CEO, noted that the market has softened, with higher interest rates and waning consumer confidence. Bruce Gross, CEO of Lennar Financial Services, added that credit scores have been consistent, but there is a shift towards more government loans, which help with qualification ratios. Student loans have not significantly impacted credit scores yet. Q: Are there any markets where incentives don't affect demand, and you're struggling to achieve a targeted sales pace? A: Stuart Miller stated that market elasticity varies weekly, with some markets showing challenges. Jonathan Jaffe, President and Co-CEO, added that while some markets are more challenging, adjustments are made community-specific, and no market consistently behaves differently. Q: Could you discuss your view on long-term normalized operating margins and any changes in volume expectations? A: Stuart Miller confirmed that Lennar expects to hit the lower end of their previously stated range of 86,000 to 88,000 homes for the year. The focus remains on driving volume and adjusting pricing to meet market affordability, with no specific breaking point identified. Q: What margins and returns are you targeting when putting capital to work today? A: Stuart Miller explained that while working through older land assets, Lennar aims for a 20% gross margin on new acquisitions, with expectations of recalibrating costs. Jonathan Jaffe emphasized the importance of short-term land assets and the potential for improved margins over time. Q: Can you provide more details on the SG&A increase and its drivers? A: Stuart Miller explained that the SG&A increase is due to lower average sales prices, investments in future efficiencies, and increased marketing and selling expenses. The investment in technology and overhead is expected to yield attractive returns in the future. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
3 days ago
- Business
- The Independent
Defiant Rayner says ‘underestimate me at your peril' over criticism of huge housing pledge
Angela Rayner has hit back at critics of Labour's ambitious plan to build 1.5 million homes, warning them to 'underestimate me at your peril'. The deputy prime minister has come under increasing pressure over the flagship target after property agent Savills forecast that there would be only 840,000 new homes – just over half. Ms Rayner, who is the cabinet minister in charge of the policy, said she had been underestimated 'all my life' as she announced the launch of a new government-backed project to support builders. She says the National Housing Bank will unlock new housing schemes across the UK, thanks to low-interest loans provided to developers hampered by rising inflation and higher interest and mortgage costs. The move, backed by £22bn in government finance, will see more than 500,000 new homes built, including many social and affordable properties, says Ms Rayner. It comes after warnings to the local government secretary that Labour's election pledge for 1.5 million homes over this parliament is unachievable. In its forecast on housebuilding published earlier this month, Savills said 840,000 new homes will be completed over the next five years, with the property firm blaming a low demand from buyers. Government figures for 2024 also show a 28 per cent fall in new-build starts in England compared to 2023. However, writing exclusively for The Independent, Ms Rayner tells critics to 'underestimate me at your peril' as she announced the housing bank scheme, which she claims would finally give access to housing for many hard-working families. Ms Rayner leans on her own experience of living in a council house, saying it provided her with stability, but that for too many people, this remained out of reach. And she blames the Tories for the 'broken system'. In her piece, Ms Rayner says: 'Underestimate me at your peril. People have done this all my life. But this government has a bold vision to fix the housing crisis and a strategy to deliver both investment and reform. 'We're overhauling the planning system to speed up approvals and unlock land – a clear statement of intent. And today we are taking another major step to fix a broken system that has held back too many hard-working families – and the country – for far too long.' Building more homes has been at the centre of Labour's plan since coming to power. Earlier this year, Ms Rayner vowed to build 10 to 12 new towns from 100 potential sites, with the chosen locations set to be unveiled this summer. Also, Labour has pledged to strip demands on developers to mitigate the environmental impact of new buildings before they are constructed, although the reforms have faced fierce criticism from wildlife groups. And at chancellor Rachel Reeves's spending review announcement, she pledged £39bn would be spent on affordable and social housing over the next decade. The National Housing Bank, unveiled on Tuesday, will further push the development of new homes, said Ms Rayner. The public financial institution will work with mayors and local leaders to back projects meeting regional priorities, and it will support, in particular, small and medium-sized firms that have struggled most in securing capital. In total, Ms Rayner says the initiative would open up £53m of private investment into building homes. She writes: 'Our commitment to build 1.5 million homes as part of our Plan for Change is a stretching target, but not one I will shy away from. To those with doubts, I repeat: underestimate me at your peril. 'Yes – the road ahead is tough. But we are committed, as this is about more than just numbers. 'It's about giving fresh hope for millions of people across Britain and creating communities where families can thrive and children grow up in safety. It's about making sure a generation is no longer locked out of homeownership – and ensuring children aren't growing up in temporary accommodation.' Shadow housing secretary Kevin Hollinrake MP said: 'While the ambition to increase housing supply is welcome, history teaches us that governments are often poor at picking winners and Homes England has very mixed results. 'The new National Housing Bank must be laser-focused: it must not crowd out private capital, must not subsidise developments that would have proceeded anyway, and must not be lured into funding pie-in-the-sky or unviable projects - instead its role should be limited to de-risking only those schemes that are genuinely unable to attract finance, to ensure taxpayer money is not wasted and private investment is not crowded out.' Ms Rayner came under the spotlight for the sale of her own ex-council house last year. The secretary of state for housing, communities and local government was told she would face no police action after an investigation into whether she owed tax from the sale of the home, on which she made a £48,500 profit.
