Revealed: BlackRock owns considerable stock in housing’s biggest players

Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
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