Content about Lennar Corp.

December 18, 2012

Chinese construction lending -- with strings attached

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

Revenues rise in Lennar’s second quarter

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

Are large home builders running out of money?

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

Home builder Lennar Corp. posts Q1 profit

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%.