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Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard Miller, who later became the namesake of the Miller School of Medicine at the University of Miami, a 23-year-old entrepreneur that owned 42 lots in Miami-Dade County, Florida, invested $10,000 and partnered with the company.
Lennar reported their quarterly starts pace was 4.9 homes per community, slightly lower from the previous quarter of 5.3 homes per community. The homebuilder delivered 18,559 homes, an 8% increase ...
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 ...
Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965. [3] Operations expanded to include San Diego in 1969, [4] Texas in 1978, [5] Arizona in 1998, Colorado in 2000, and Florida in 2002.
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 ...
KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad. [6] Their first venture together was the construction of two model homes in the Northeast Detroit suburbs, where a new generation of first-time home buyers were flocking. [6]
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