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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 ...
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. [3] [4] In total, the company has built over 775,000 homes. [1] The company operates in 44 markets in 23 ...
D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. [2][3][4] The company ranked number 194 on the 2019 Fortune 500 list of the largest United States corporations by revenue. [5] The company operates in 90 markets in 29 states.
The average selling price for their homes also showed a slight uptick, rising from $479,500 to $483,000. Revenue of $1.71 billion surpassed analyst expectations of $1.66 billion.
Lennar's homebuilding gross margin rose by 450 basis points to 26.1% in the three months ended May 31, a record for the second quarter, helped by higher-than-expected sales price per home.
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 ...
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