Latest Lennar Corporation Stories

Lennar Home Builders announces Next Gen multi-generational homes are up and available in more states, following the Pew Research Center report that approximately 51 million Americans live in a home with at least two adult generations. Home Destination, a Minneapolis professional Realtor with RE/MAX Results, comments on the growing trend and how families are finding that multi-generational housing is good for relationships. Minneapolis, Minnesota (PRWEB) June 18, 2013 Lennar Homes, a...

MIAMI, June 18, 2013 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced today that the Company has expanded its homebuilding operations into the Nashville, Tennessee market by acquiring control of approximately 40 homesites in the Tollgate Village community. Lennar's start-up operations in Nashville are being led by Andy Pfeifer, a 12-year Nashville homebuilding veteran. "We feel very strongly that Andy is the right person to...

MIAMI, June 12, 2013 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced today that it increased the amount of financing available under its unsecured revolving credit facility to $950 million and extended the credit facility's maturity to June 2017. The $950 million includes approximately a $33 million accordion feature, subject to additional commitments. Bruce Gross, Lennar's Vice President and Chief Financial Officer, said,...

MIAMI, June 5, 2013 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter ended May 31, 2013 before the market opens on June 25, 2013. Additionally, the Company will hold a conference call on June 25, 2013 at 11:00 a.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed through Lennar's website at www.lennar.com. If you are...

MIAMI, April 10, 2013 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) announced that it has sold $50 million principal amount of its 4.750% Senior Notes due 2022, at a price of 98.25%, bringing the total outstanding principal amount of its 4.750% Senior Notes due 2022 to $575 million. The sale was to an initial purchaser, which will resell the Senior Notes to qualified institutional buyers in transactions that are exempt from the registration requirements of the Securities...

MIAMI, April 10, 2013 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on May 8, 2013 to holders of record at the close of business on April 24, 2013. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. The Company builds...

UPPER MARLBORO, Md., April 10, 2013 /PRNewswire/ -- Ryko Development is thrilled to announce the Grand Opening of the state-of-the-art Recreation Center at its BeechTree community in Upper Marlboro, Maryland. Constructed by Harkins Builders, this long-awaited facility includes a Jr. Olympic swimming pool, tennis courts, fitness center, and a clubhouse with fully-equipped kitchen, providing the perfect compliment to BeechTree's resort lifestyle. To commemorate the opening, Ryko...

CHARLOTTE, N.C., March 20, 2013 /PRNewswire/ -- Orleans Homes is pleased to announce that Kyle Rush has accepted the role of director of sales and marketing for the company's Charlotte Division. In his role, Mr. Rush will lead the planning and execution of sales and marketing initiatives in the Charlotte Division, while working closely with the Charlotte Division President and Orleans' corporate office, to support the company's overall vision and promote its continued growth....

MIAMI, March 20, 2013 /PRNewswire/ -- Net earnings of $57.5 million, or $0.26 per diluted share, compared to net earnings of $15.0 million, or $0.08 per diluted share Deliveries of 3,186 homes - up 28% New orders of 4,055 homes - up 34%; cancellation rate of 15% Backlog of 4,922 homes - up 82%; backlog dollar value of $1.5 billion - up 105% Revenues of $989.9 million - up 37% Gross margin on home sales of 22.1% - improved 120 basis points S,G&A expenses as a % of revenues...

Models at Runaway Bay at Fiddler's Creek and Hawthorne Win Top Honors NAPLES, Fla., March 15, 2013 /PRNewswire/ -- It's raining awards on the offices of Southwest Florida's #1 homebuilder, Lennar. Two of their fabulous new models were honored with top prizes at the Parade of Homes in Lee and Collier Counties. Lennar has been awarded first place in the category of homes between $700's-$799, for their stunning home design called Bouganvillea in Runaway Bay at Fiddler's Creek in Collier...