Description
Forestar Group is a residential lot development company. The Company is focused primarily on selling finished single-family residential lots to homebuilders.
It operates through its real estate segment. The real estate segment primarily acquires land and develops infrastructure for single-family residential communities and sells residential single-family finished lots to local, regional, and national homebuilders.
It is focused on making investments in land acquisition and development to expand its residential lot development business across a geographically diversified national platform. The Company is primarily investing in short-duration, phased development projects.
It has operations in over 56 markets in approximately 23 states, and its lot position consisted of over 97,000 residential lots, of which approximately 64,400 were owned and over 32,600 were controlled through purchase contracts.
