Moody's Ratings announces completion of a periodic review of ratings of Forestar Group Inc.
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Forestar Group Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 28 January 2025 in which we reassessed the appropriateness of the ratings in the contex...Forestar Group is a residential lot development company. The company manages its operations through its real estate reporting segment. The majority of the company's real estate projects are single-family residential communities. The company acquires land for use in its development operations. The company's land development work is performed by subcontractors. The company monitors land development activities, participates in main decisions, coordinates the activities of subcontractors and suppliers, reviews the work of subcontractors and monitors compliance with building codes or other regulations. The company also makes short term investments in finished lots and undeveloped land with the intent to sell these assets within a time period.
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