Green Brick Partners, Inc. Provides Production Guidance for the Fourth Quarter 2020
October 30, 2020 at 12:00 pm
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Green Brick Partners, Inc. provided production guidance for the fourth quarter 2020. The Year-over-year, homes under construction are up 4% with homes started on a last 12 months basis up by 23%. While did start over 700 homes this quarter, which was another record, The company expects to expand starts in fourth quarter to even higher levels. The company expects year-to-date growth in backlog and expanding community count to drive closing growth next year.
Green Brick Partners, Inc. is a diversified homebuilding and land development company. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, title and mortgage services, marketing and sales and the creation of brand images at its residential neighborhoods and master planned communities. The Company operates through three segments: Builder operations Central, Builder operations Southeast, and Land development. The Builder operations Central segment represents operations by its builders in Texas. The Builder operations Southeast segment represents operations by its builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to its controlled builders or sold to third party homebuilders. The Company owns or controls approximately 28,700 home sites in high-growth submarkets.
GREEN BRICK PARTNERS, INC. 
