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April 15, 2014
08:12 EDTAVHIA.V. Homes announces first community in greater Charlotte
AV Homes announced the construction of its first community in greater Charlotte. The new community, named Morgan's Branch, is located near the intersection of South Point Road and Armstrong Road in south Belmont. Morgan's Branch will feature 153 traditional homes ranging in size from 1,800-3,000 square feet with 55' and 70' lots. Current planned amenities include a community pool and cabana. Phase 1 is underway with completion expected in Q3. AV Homes is also in development of its first Triangle area community in Durham, North Carolina. The 650-unit active adult community is in the 357-acre planned mixed-use development of Bethpage. AV Homes expects to begin land development in the second quarter of 2014 and anticipates that sales will start 1Q15.
News For AVHI From The Last 14 Days
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July 30, 2015
16:52 EDTAVHIA.V. Homes reports backlog increased 83% to $226.5M compared to $123.7M YoY
The backlog value of homes under contract but not yet closed at June 30, increased 83% to $226.5M on 803 units, compared to $123.7M on 480 units at June 30, 2014.
16:50 EDTAVHIA.V. Homes reports Q2 EPS (20c), one estimate (5c)
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