Content about Lennar

June 26, 2014

Net income for home builder Lennar was $137.7 million for the second quarter of 2014, up slightly from the $137.4 million it reported for the same period of 2013.  Revenues from home sales increased 28% in the second quarter of 2014 to $1.6 billion from $1.3 billion in the second quarter of 2013.

The rise in revenue accompanied a rise in the number of homes Lennar delivered -- from 4,449 homes in the second quarter of 2013 to the 4,976 it delivered this past quarter.

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 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. 

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...

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 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...

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...