CEO Stuart Miller

TOPTENnewhomecommunities.com COMING SOON: Destinations at Vineyard Point by Lennar Homes Quick Links    See Destinations Search TopTen See All Listings Destinations Type: Single Family Location: Sacramento, CA Starting Price: $155,500 Bedrooms: # 2-3 Baths: # 2 Sq.ft: # 996 -1,314 sq.ft. Styles:  Family, GreenRead Full Story

NEW YORK ( Reuters ) - Lennar Corp <LEN.N>, the third-largest U.S. homebuilder, swung to a quarterly profit, sending its shares up in premarket trading. The Miami -based builder, which has operations in 14 states, said gross margins on home sales rose 80 basis points to 20 percent. "Gross margin percentage on home sales improved compared to last year, primarily due to reduced sales incentives offered to home buyers as a percentage of revenues from home sales," the company said. December-to...Read Full Story

NEW YORK (Reuters) - Homebuilder Lennar Corp <LEN.N> reported a quarterly profit versus a year-ago loss, but orders fell and its shares were down 1.6 percent in premarket trading. Lennar posted earnings of $39.7 million, or 21 cents a share, for the second quarter ended May 31, compared with a loss of $125.2 million, or 76 cents per share, a year earlier. Orders fell 10 percent, with the entire decline coming in May after the federal homebuyer tax credit expired, the company said. "During the...Read Full Story

MIAMI ( Reuters ) - Barry Minkow , an ex-convict and Wall Street con artist who went on to win the trust of federal law enforcement officials, pleaded guilty on Wednesday to conspiracy to commit securities fraud in a case involving leading U.S. homebuilder Lennar Corp. In a plea agreement filed in a Miami federal court, Minkow admitted to spreading lies about Lennar that caused its stock price to plummet in January 2009. The losses to Miami-based Lennar were estimated in the plea agreement to...Read Full Story

June23 ( Reuters ) - Homebuilder Lennar Corp <LEN.N> posted a smaller quarterly profit on Thursday as home prices fell, forcing builders to take charges for writing down land inventory. The third-largest U.S. builder reported earnings of $13.8 million, or 7 cents a share, compared with earnings of $39.7 million, or 21 cents per share, a year ago. Sales of previously owned U.S. homes hit a six-month low in May and supply rose, the National Association of Realtors said on Tuesday, an indication...Read Full Story