Content about Lennar Corporation

January 11, 2012

Amid signs of a stabilizing home market, Miami-based home builder Lennar reported fourth-quarter sales of $952.7 million, up 11% from the year-ago quarter. Net earnings for the quarter were down slightly from $32.0 million to $30.3 million.

For the full year, revenues were up 1% to $3.1 billion, as net earnings of $92.2 million slipped from $95.3 million.

September 28, 2011

A group of 19 California homeowners who bought their homes between 2004 and 2006 -- each with a 20% or more down payment -- won the right to sue D.R. Horton, Richmond American, Shea Homes, Lennar Homes and other production home builders for devaluing their properties with risky lending practices. 

September 20, 2011

National home builder Lennar reported nearly flat sales for the third quarter of 2011, with revenues of $820.2 million, down 1% from the same quarter of 2010. Net income in the three months ended Aug. 31 were $20.7 million, down 31% from the $30 million earned in the third quarter a year ago.

The Miami-based home builder delivered 2,865 new homes, a decrease of 3% from the third quarter of 2010. New orders were up 11%, to 2,914 homes. The cancellation rate was 20%.

September 9, 2011

The federal government has begun an in-depth investigation of possible wage infractions in the residential construction industry, according to an article in the Wall Street Journal. 

August 31, 2011

Home-building businesses may be at risk for consolidation if home sales don’t pick up soon, according to an analysis by the Wall Street Journal.

March 29, 2011

Miami-based home builder Lennar Corp. posted a profit of $27.4 million in the first quarter ended Feb. 28. That compares with a loss of $6.5 million in the same quarter last year.

Revenues were down 3% to $558.0 million, as the company's gross margin on home sales improved 80 basis points to 20.0%.  

January 11, 2011

Miami-based home builder Lennar reported a fourth-quarter net income of $32 million, down 9.8% from $35.5 million for the same period last year.

Revenues for the quarter ended Nov. 30 were $761.3 million, down 11.1% from $856.4 million for the same period in 2009.

December 21, 2008

Revenues for the 2008 fiscal year were $4.6 billion, down 55 percent from $10.2 billion....

September 22, 2008

The builder also reduced debt from its failed joint-venture agreements, another important indicator of the...

September 21, 2008

Despite its ominous title—“ No Shelter from the Perfect Storm for U.S. Hom ebuilders and...

July 14, 2008

The latest Fitch Ratings report handicaps the home-building industry and its players. The most recent...

June 26, 2008

Revenues fell 62 percent to $1.0 billion for the quarter, compared to $2.7 billion in 2007....

June 18, 2008

Fitch Ratings predicts “further slippage” on starts and new homes sales through 2008 and into...

June 4, 2008

The national home builder won a vote from San Francisco voters, by a 61 percent...

May 22, 2008

An advertisement for the sales weekend features a promise of “no mortgage payments for nine...

April 6, 2008

The homes are planned for the suburbs of Rancho Cordova and Rancho Murieta, to be...

March 30, 2008

One of the nation’s largest home builders delivered 3,596 homes in the first quarter of...

December 3, 2007

Lennar, one of the country’s largest home builders, and Morgan Stanley Real Estate, a...

September 3, 2007

Fitch Ratings has issued a negative outlook for 14 publicly owned home builders and revised...

June 30, 2007

Lennar, Pulte, KB Home, Toll Brothers and more will build in a 16,000-home development in...

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