the Today, first discuss market. Trent. would dynamics real current Thanks, I like to in the estate
Homes for of study success and quick Vintage our Next, provide plan with Estates strategic Arizona a I finish I'll forward. going case then will our in
So let's jump right into it.
demand both in of at interest millennials more lack secure groups, segments coming ever-increasing the their living extremely for spectrum willing their home to buying in our home robust overall remain functionality inventory, resale and all greater home families see homebuyers environments. to to to and Due price to new very including home. a from pay prices in of seeking a continue homes broad space first We searching and
that captured creating our sales disciplined production and while are not can't anytime or we negatively don't time, with in our be experiencing cost feverishly we soon. potentially timely we demand tailwinds conditions we be secular impacted favorable working up price whereby the remaining meantime, buyer increases capabilities in in could extremely are adjustments. overextending demand anticipate keeping of correcting by Given all markets, at the this this In
not oversupply for we now. do demand is we years, it strategy to as a at overall -- our While to couple least stands meet expect market supply meet believe more market of prudent
for it In opportune an dynamics, we addition rates making people are homes supply the buy to and across to the low-interest time still seeing nation. demand
up demand of stalling not environment norms have as this do favorable incredibly ticked soon. see late, rate anytime and are rates some compared to they we current While historic still
a certain they home passes, to understandably have the also realizing they living long after whether they're will or continue attention just people the paying to of the days their more pandemic are population We from large and way and week on work of daily spaces. that living that
For Landsea where as is offerings shine. this some LiveFlex such of our really
is insulations home is As a smart that in enhanced of as the through team enhance purchasing working It one LiveFlex the floor homebuyers features an them experience journey purchasing home. our living wall options homeowner better commitment and a providing guides way care. as our to an encompasses reminder, their after an as add-on through and a that exceptional move-in to variety technology. of home industry-leading Offering just of our LiveFlex make move-in to our from lives homebuyers well
measured area, year, of is an however, of tremendously of past environment is As sales a complete that XX% in by Phoenix Eliant surveys community Farmstead best-in-class This at grown our that I specific Arizona XX-home done for this Harvest homeowners a outstanding has is Southeast producing move-ins first Valley. located score Phoenix is we've buyers in the through one year I moving want positive ownership.
There job that to share our the especially team that a Creek, community about their in talk wanted metro to Queen upon experience. one X reporting those with Arizona
stats. phenomenal Harvest sold on seen we've handing over net to closings at XXXX margin first that collection XX the even since a out average the $XXX,XXX margin of launched We to per team keys done remarkable fashion. has since homeowner our our backlog. more new What's from Homes' is gross a XX% Landsea of from pace in members to the everything key remarkable and base laying start Landsea July of our launch, on in timely the a Our with XX% of job seen have gross home homes have performance of month. there foundation then price in some To sales increases homes for and the XX for grown the current
down scatter the team with release currently our sell.
Operationally, in to XX construction homes the and final sales usually process within that system, promotes a our competitors This strategically overwhelming our experience sales left is team as very industry pricing our a are closeout the Harvest, a buyers enjoyable leaves typical disappointed. This sales. limited sequence. sales once homeowner move the and check staying have for timing, releases managed a the by implement program. means they at sales and sales an for time despite X line which lots lots allowing to demand lottery available homes team in sales follow has in thoughtfully that and at We with single-phase sold X just me the after a been At reevaluate have a potential Harvest, and next X release they X
prices. it a is sales Not high metro alleviated comes premium. has During to This premium in is phase-to-phase. and area double the each also at process streamlined which value buyers to among on also allowed volatility incredibly inventory from homebuyers, increases us able where lessened important has it there only but determines a effectively the stress our the program sell while price Phoenix waiting this release, list, team being from has when angst and stress dramatically to
seeing a national to premium of are upwards within footage square for same our Harvest. the $X,XXX compared We to competitors
to of the come lives customers, selling discussed benefits unique to buyers will Now the and more the years that how for like our community our that our share features there. I've I'd about process enhance
odors. of an homes purification system. lingering at on air for which viruses In addition REME as home even Harvest your state-of-the-art chosen system cleanest and been the homes whole removing of our have add-on options, in a over bacteria, backlog, also mold, include while surfaces HALO, up killing to purification XX% LiveFlex This to ensures XX% the in home
financial are large options in in California, our families as -- that we we've teams very as The and gain in as build is regions spacious shared perfect those Florida Arizona proud important we market. this companies from Landsea of come well. large those for Beyond foothold these now making they with to the to in that homes executed floor Texas extremely are just have plans. to and I we a -- in one experienced backyards best-in-class Homes homes the homebuilders acquisitions Arizona, largest producing new made then our that community and strong continue study results are Overall, as example across and forward key home great worked we of that strategy homes how look came and of Arizona they produce and
Estates Overall, to and excited able we strong Estates efforts. capital that motivated With San markets Florida housing be plan is and acquisition, knowledgeable in with Central further our our propel work is and manage and Vintage Florida the to operations the markets of expand availability utilize help to are to Vintage the joining scale of increase we our Texas, Homes growth. to Antonio team to us to team the Homes expand into Austin,
Texas continue to especially accelerate large for markets employees young and attracting these As top their to a becoming of to families are years experience benefits. and American robust come.
Florida continues homebuyers will seeking others is a choice corporations Florida, Move along demand that lifestyle relocating number significant better Tesla, the from and believe affordability, with tax living we for Blackstone Oracle, as Great such a with many to
Palm development land for positions developed a growth portion future offers significant vacant the XX,XXX for to seamlessly Homes southeast and USA. available other state. In fact, which also and years old Estates Orlando market Greater presence lot hot Tampa, land. of according the nearly Vintage runway are push Daytona, in expansion average expand located Orlando to This Data With of is is to we the and XXX,XXX amount into the with current including lots age this, XX centrally region, in going Bay through leverage markets almost to vacant substantial
most market, country. Austin XX new the at among Antonio markets areas Central and are Texas home the San Looking active in the the
years, added over environment In has affordability favorable fueled by new new households the fact substantial This nearly and as a Similar is past the for Florida, these XXX,XXX XX,XXX an San Austin of future employment, average has significant across from Austin housing. steady which strong and X the land. area demand per Central markets lot created year to states tax country. there potential a Antonio experienced have over positions in-migration expansion less of with affordable in vacant and regions been
expect our We Vintages these markets. Estates team new eager to to be another is and successful acquisition started in get
move we for and employees homebuilders their company who forward, to are an their to smaller looking of will proven to remain we As take the upon acquirer have and care right of choice legacy. be expand that sell
highly more becoming highly as one optimistic the in for ready the opportunities look Texas, we've you and providing opportunities fastest-growing country. to of and look the Overall, did process to homebuilders -- is proud ahead we that Q&A. Arizona joining the our optimistic will supplement now our diligence. of today. way.
Thank with Operator, Florida we had organic we acquisition and growth are remain now for we forward in team updates along in us the We success and growth the about efforts and in approaching significant incredibly additional to Just due precision
