Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Lending / The Ticker

Lennar beats estimates, posts $1.82B revenue

Raises prices, delivers more houses

house construction
/ Print / Reprints /
| Share More
/ Text Size+

Homebuilder Lennar (LEN) reported a second-quarter revenue of $1.82 billion, up from $1.43 billion a year earlier, beating analyst expectations of $1.68 billion. Per Bloomberg:

Net income was little changed at $137.7 million.

“The homebuilding recovery continued its progression at a slow and steady pace,” CEO Stuart Miller said in the statement.

The number of houses delivered by Lennar increased 12 percent to 4,987. The average sale price rose to $322,000 from $283,000 a year earlier.

Source: Bloomberg
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus