FOR Stock Recent News

The housing sector continues to be more than challenged triggering a recent sharp downturn in most housing related stocks. Housing affordability remains near historical lows, new home inventory is surging, and mortgage rates are stubbornly hovering near the 7% level. New tariffs are also pushing the price of lumber higher, which will hurt profit margins for the home builders.

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar Group Inc. announced that it has priced an offering of $500 million aggregate principal amount of 6.500% senior unsecured notes due 2033.

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar Group Inc. announced today that it is commencing a cash tender offer to purchase any and all of its outstanding 3.850% Senior Notes due 2026.

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar Group Inc. today announced that it is proposing to sell $500 million aggregate principal amount of senior unsecured notes due 2033.

Forestar Group Inc. (NYSE:FOR ) Q1 2025 Results Conference Call January 21, 2025 11:00 AM ET Company Participants Chris Hibbetts - Vice President of Finance & Investor Relations Andy Oxley - President and CEO Jim Allen - Chief Financial Officer Mark Walker - Chief Operating Officer Conference Call Participants Carl Reichardt - BTIG Asher Sohnen - Citigroup Operator Good morning, and welcome to Forestar's First Quarter 2025 Earnings Conference Call. [Operator Instructions].

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported net income of $16.5 million or $0.32 per diluted share in its first fiscal quarter of 2025.

Interest rate cut and healthy demand for certain real estate categories poise Real Estate Development industry players like HHH, GRBK and FOR well for growth.

Forestar Group is well-positioned to benefit from persistent residential housing shortage and a favorable interest rate environment, driving demand for residential lots and land sales. The company aims to double its market share to 5% by leveraging its national footprint and strategic relationship with D.R. Horton, but also with other builders too. Forestar's disciplined focus on return on equity and selective project underwriting enhances profitability and minimizes risk, ensuring high-quality developments.

Forestar missed top- and bottom-line estimates in the quarter. The company is building its inventory of lots ahead of an eventual recovery in the homebuilding market.

Forestar Group (FOR) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.93 per share a year ago.