Another company has announced plans to move its headquarters out of California.
Landsea Homes, which designs and builds master-planned communities and houses across the country, will leave Newport Beach, California, in favor of Dallas, Texas.
“We are relocating our corporate headquarters to Dallas, Texas, from Southern California, a move that should provide cost savings over time,” Landsea founder and CEO John Ho
said during a call with investors Tuesday.
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Ho says the move will benefit the company in more ways than one.
“In addition to our overall coast-to-coast growth strategy, we are very focused on growing our homebuilding footprint in Texas, and this move demonstrates our strong commitment to the state.”
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Chevron, Hewlett Packard, NortonLifeLock, and Kaiser Aluminum have also moved their corporate offices out of California in recent years.
It’s not just companies leaving California either. A recent survey found Texas and Florida topped the list of states where people are moving to for the third year in a row.
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