Content about Lennar Corp.

September 24, 2013

Major national homebuilder Lennar Corporation reported revenues up 46% and earnings up 38.4% for the third quarter.

With total revenues at $1.60 billion for the quarter, growth was looking strong compared to 2012's third quarter revenues of $1.09 billion.

Total net earnings for the third quarter attributable to Lennar Corporation were $120.7 million, up from year-ago figures of $87.1 million.

December 18, 2012

A Chinese bank funding two huge Lennar Corp. housing developments has attached a condition to the loan, according to an article in the Wall Street Journal: Lennar must work with a Chinese state-owned contractor.

June 29, 2012

Home builder Lennar Corp. reported revenues of $796.4 million for its second fiscal quarter, a 23% jump from revenues of $649.8 million in 2011. Revenues were higher primarily due to a 20% increase in the number of home deliveries, excluding unconsolidated entities, and a 2% increase in the average sales price of homes delivered. New-home deliveries increased to 3,192 homes in the second quarter of 2012, from 2,652 homes last year.

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%.