-Advertisement-

Landsea Homes Moving HQ to Texas

The Newport Beach homebuilder counts about 100 OC employees

Landsea Homes Corporation (Nasdaq: LSEA) announced it is moving its headquarters from Newport Beach to Dallas.

Chief Executive Officer John Ho said Texas has a lower cost of living, and the relocation will also bring โ€œaccess to a highly educated workforce, which [is] critical as we continue to build our corporate team.โ€

The homebuilder currently operates out of 660 Newport Center Drive; itโ€™s unclear how the move will impact its local base. The company has about 100 local employees.

โ€œAs a national publicly traded homebuilder with communities from California to Florida, this is a strategic move in the best interests of our shareholders,โ€ Ho said. โ€œIn addition to our overall coast-to-coast growth strategy, we are very focused on growing our homebuilding footprint in Texas, and this move demonstrates our strong commitment to the state.โ€

The company is currently building communities in Arizona, Florida, Texas and throughout California in Silicon Valley, Los Angeles and Orange County.

Shares are up 0.2% to $6.74 and a $276 million market cap.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-