Items Tagged with 'Lennar'


Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?

Agreement includes provision that allows WCI to seek better offer
WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.
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Labor shortages dent Lennar earnings

Hampers forecasts for rest of homebuilders
As one of the first to posts its third-quarter results, homebuilder Lennar’s tough quarter shed light on what will likely unfold for its rivals as well. The big item weighing on the builder’s earnings: Labor shortages.
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Lennar beats in 3Q earnings

Demand for new homes sales rises
Lennar witnessed a strong third-quarter thanks to a growing demand for new homes. Not only did the homebuilder's net income for the three months through August hit $223.3 million, but it beat analyst estimates.
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Is leasing the strategy that could help boost Lennar?

Growth may shift from new home sales
Due to more first-time homebuyers struggling to secure home financing, this new strategy from Lennar might be the key to boosting its upcoming earnings. Sterne Agee analyst Jay McCanless gave his forecast for what the market could expect to see from the homebuilder.
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Lennar net earnings rise, beat 4Q estimates

Mortgage and title operations boost profitability
Lennar reported a rise in net earnings for the fourth quarter despite the housing market’s slow recovery. That slow recovery could pick up speed in the new year, thanks to recent changes in credit availability and affordability.
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Lennar earnings soar amid positive builder news

Beats analyst expectations
Homebuilder Lennar reported strong third-quarter earnings amid positive industry reports on builder confidence. "Our core homebuilding business continues to drive earnings, with strong sales, deliveries and margins," Stuart Miller, CEO of Lennar Corporation, said.
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