Content about Lennar Corporation

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.

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%.

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.

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.