Content about Lennar Corp.

September 24, 2014

Eagle Materials has named Richard Beckwitt, president of Lennar Corporation, to its board of directors.

Beckwitt has been with Lennar Corporation for the past eight years. In the past, he has held various other top-level positions, including his role as president of homebuilder D.R. Horton.

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%.