A year ago to the week, Landsea Homes Inc.’s executive team rang the afternoon bell to close the NASDAQ market and open the door to the future of an enterprise that

Source: Landsea

The near-term attractiveness of a deep and wide runway for growth in Florida, with the Orosz brothers and their team continuing their program with the aspirational power of the Landsea brand, and our laser focus on customer care, gives us a lot of opportunity right here,” says Forsum. “As we continue to execute on the bigger plan – centered on entry level buyers in the hottest U.S. markets – Texas gets a lot of our focus right now as well. We’re really working to grow our opportunity there, so stay tuned.”

Viewing a 2022 landscape of structural demand for new homes offset by inventory scarcity and turbulence related to supply chain disruptions and an intensifying skilled-labor capacity constraint, Forsum notes that deeper local scale advantages weigh heavily in favor of bigger, higher-volume, more consistently active players versus those who can exert less clout, and depend on just-in-time procurement across the building materials, products, and skilled labor crew front.

The bigger, better-capitalized competitors are getting wiser at forward-buying, and in some cases warehousing certain commodities, and components, and products like appliances,” says Forsum. “We’re able to smooth out some of the chokeholds that way, cadence our sales order-taking to later in the building cycle, and keep talking our customers through this with their interests as a priority.”

There’s a silver lining on the production capability front, notes Forsum, which gives him at least a grip on confidence as he and the Landsea team focus on execution and customer care on their ascent up into homebuilding’s more rarefied air among the 20 top national enterprises.

The only good news is that, up until recently, it was a reality that things were going to get worse before they got better,” says Forsum. “I think we’ve reached the point where they’re not going to keep getting worse, and from now on, we should see conditions flatten out, and maybe start to improve on the production front.”

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