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Forestar Group For Fiscal 2024 Expects To Generate Revenue Of $1.4B-$1.5B Vs. $1.505B Consensus And Deliver Between 14,600-15,100 Lots

Author: Benzinga Newsdesk | July 18, 2024 06:37am

"The supply of vacant developed lots, particularly at affordable price points, continues to be constrained across most of the country, and Forestar is uniquely positioned to take advantage of the shortage of finished lots for the homebuilding industry. Based on our fiscal year-to-date results and expectations for the fourth quarter, in fiscal 2024, we now expect to deliver between 14,600 and 15,100 lots compared to prior guidance of delivering between 14,500 and 15,500 lots. We still expect to generate $1.4 billion to $1.5 billion in revenue.

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