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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.
Meritage Homes was founded in 1985 as Monterey Homes in Scottsdale, Arizona, by Steve Hilton and William "Bill" Cleverly. [8] In 1997, the company changed its name to Meritage Homes Corp, and began trading on the New York Stock Exchange under the symbol MTH. [8] In 2011, the company unveiled its first net-zero energy homes, in Buckeye, Arizona. [9]
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California. The company has built 600,000 homes since its founding. [2] It builds homes primarily for first-time home ...
Land can cost anywhere from a few thousand dollars per acre to tens of thousands of dollars for the lot, squeezing cash flows and balance sheets.
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CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar. [2]
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In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. [8] The company also entered the Tucson, Arizona, market. [9] In 1998, the company promoted Donald J. Tomnitz to vice chairman and chief executive and promoted Richard Beckwitt to president. [10] The company also acquired Cambridge Homes ...
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