CEO Stuart Miller

TAMPA, Fla. --- Lennar will open new model town homes during November at Eiland Park Townhomes, a gated community located near S.R. 54 off Eiland Blvd. in Zephyrhills where two and three bedroom town homes are priced from the $130s. Mark Metheny, right, president of Lennar's North Tampa division, said the new models opening in November include G.E. appliances, ceramic tile floors, window treatments and rounded corner beads. New town homes at Eiland Park Townhomes range in size from 1,371 square feet of living space to 1,531 square feet and three distinctive floor plans are available. Community amenities at Eiland Park Townhomes include a ... Read Full Story

Washington Post Lennar Loss Doubles as Homebuilding Revenue Slides Bloomberg Sept. 21 (Bloomberg) -- Lennar Corp., the third-largest US homebuilder, reported a bigger-than-expected third-quarter loss as revenue dropped and interest costs increased. The company said it will probably become ... Lennar loss nearly doubles as volumes, prices decline MarketWatch Home Builder Lennar Posts Wider Loss Wall Street Journal Lennar touts signs of recovery as loss widens Reuters The Associated Press  - Briefing.com all 202 news articles » Read more: http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.bloomberg.com%2Fapps%2Fnews%3Fpid%3D20601103%26sid%3DapfMwoOXTFRI&usg=AFQjCNHx-BpNsNfU3X9Tz7Zl0wIQQURrPQ Read Full Story

Home builder Lennar was embroiled in fraud accusations related to its joint ventures, sending shares down 22.9%. A consumer advocate said the company operated several of its ventures like a Ponzi Scheme. Lennar worked to reverse its tumbling share price Jan. 9 by saying a convicted felon used "false and inflammatory" language in critiquing the financial structure of some of its deals.“Today convicted felon Barry Minkow, acting as an agent for a disgruntled litigant, Nicolas Marsch III, posted false and inflammatory accusations concerning Lennar," a Lennar statement said.Marsch's civil litigation against Lennar was just dismissed by a California Superior Court judge,” Lennar said in ... Read Full Story

Homebuilder Lennar Corp. said Thursday it managed to narrow its second-quarter loss, but CEO Stuart Miller gave a dour outlook for the industry, saying the housing market has yet to hit bottom and ruling out the prospects of a recovery this year. “The housing market has continued to deteriorate throughout the first half of 2008. We expect that this trend is going to continue for at least the remainder of the year,” Miller told analysts in a conference call after the builder disclosed its financial report card. Faced with the prospect of ongoing housing doldrums, Miller echoed the building industry’s call for the federal ... Read Full Story

TAMPA, Fla. --- The US Home Tampa division will host Tampa and Hillsborough County elected officials as well as Chamber of Commerce and business leaders in a special ribbon cutting ceremony Thursday April 12 to showcase new model homes at The Oaks at Riverview, on E. Broad St. off N. Florida Ave. in Tampa. Division President Mark Metheny said the event, with tours of two model homes -- the Monticello and the Lincoln, is scheduled for 11 a.m. to 2 p.m.  A special ribbon cutting ceremony will take place at noon and lunch will be served immediately following.  The public grand opening will be ... Read Full Story