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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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February 27, 2015
09:09 EDTAVHIA.V. Homes should be bought at current levels, says JMP Securities
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February 26, 2015
16:26 EDTAVHIA.V. Homes sees communities with closings up almost 50% to about 40 in FY15
Closings are expected to increase approximately 68% from 953 units in 2014 to approximately 1,600 units in 2015. Average Selling Price on homes closed is expect to increase approximately 6.5% to approximately $272,000 in 2015.
16:24 EDTAVHIA.V. Homes reports Q4 EPS 7c, consensus (1c)
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