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Lennar Corporation (Lennar) is a home construction company based in Miami-Dade County, Florida. [1] As of 2023, it is the second-largest home construction company in the United States based on the number of homes sold. [2][3] Lennar has investments in multifamily and single family residential rental properties, luxury development, property ...
CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. In 2018, it was the 4th largest homebuilder in the United States by number of homes closed. [2] It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar.
Lennar is also looking to end the year with a bang. For the fourth quarter, Lennar expects to deliver between 21,500 to 22,500 homes, while Bloomberg analysts are estimating 20,446 homes.
To be sure, Lennar noted on its call that homebuyer demand remained strong thanks to a chronic inventory shortage. New orders increased 28% to 18,176 homes in the quarter, higher than the company ...
Lennar shares are down about 20% this year with the S&P Homebuilders ETF off about 28% in 2022. The company reported gross margin on home sales at 24.8%, down from 29.2% from the prior quarter.
2,140 [2][4] (2019) Website. www.kbhome.com. KB Home headquarters in the Westwood district of Los Angeles. KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder. Its headquarters are in Los Angeles, California.
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