supporting strong unit sales growth. Also encouraging were comments that it is not seeing the sales incentive pressures that Lennar and KB Home recently reported, nor has it witnessed a sales slowdown in Texas, approximately 25% of Horton’s closing
(Reuters) - Lennar Corp , the second-largest U.S. homebuilder by the number of homes sold, said it expects 2015 margins to be squeezed as falling oil prices hurt demand in Houston, a city heavily dependent on the energy sector.
* Shares fall as much as 9 pct; rivals also decline (Adds details from conference call)
Lennar 's impressive run of year-over-year ..... since the third quarter of fiscal 2011. Lennar guided to fiscal 2015 home sale gross margins ..... basis points lower than fiscal 2014 levels. Lennar 's margin trajectory is weakening due to
Jan 15 (Reuters) - U.S. homebuilder Lennar Corp reported a 50 percent rise in quarterly profit as it sold more homes at higher prices, and said orders rose 22 percent.
Lennar reported strong third-quarter results across ..... year-over-year basis. No-moat-rated Lennar ’s results compare favorably to other homebuilders ..... ramping incentives and slowing order growth. Lennar continues to show that it is one of the best-managed
Lennar reported healthy May quarter results despite a disappointing spring selling ..... owning. Key to achieving midcycle sales are industry underproduction, which Lennar estimates at 4 million homes, and favorable demographics. We anticipate
have given mixed signals. On one hand, the likes of Lennar LEN , D.R. Horton DHI, and PulteGroup PHM pointed to better-than-seasonal ..... versus $993 million in 2013. Among the big builders, Lennar and Toll Brothers have the most attractive land positions
strong February-quarter results, Lennar sounded cautiously optimistic regarding ..... third-party institutional funding sources, Lennar has commenced construction of 15 apartment ..... complete over the next four years, Lennar will have a growing stream of income-producing
weighting in Morgan Stanley, another big position, at 14.53% of the mutual fund assets, in Citigroup, 10.73% in Lennar , 2 stocks with approx. 9% in each, and 5 stocks with approx. 7.5% portfolio weightings. He has a 133.73% net