Lennar Corporation
- Single-family house sales eased 0.3% from the previous month and rose 5.9% from a year ago in February to a seasonally adjusted rate of 662,000.
The median sale price of a new house sold was $400,500, and the average sale price was $485,000, according to the latest government statistics.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential statistics Monday.
The seasonally adjusted estimate of new homes for sale at the end of February was 463,000, a supply of 8.4 months at the current sales rate.
Home price affordability and elevated mortgage rates have kept first-time home buyers away from the market, as mortgage rates have continued to advance over the last year.
Mar 25, 2024 - Lennar Corp. increased 1.4% to $150.17 after the home builder increased its annual dividend to $2.0 from $1.50 a share and the company's board approved the stock repurchase program of $5 billion.
Jan 10, 2024 - Home builders were in focus after Berkshire Hathaway acquired positions in NVR, Lennar and DR Horton, according to a regulatory filing.
DR Horton gained 2.2% to $125.97, Lennar jumped 0.6% to $124.61 and NVR gained 1.7% to $6,262.79 after the diversified conglomerate Berkshire Hathaway took stakes in home builders.
According to a regulatory filing with the SEC, Berkshire acquired a $726 million stake in DR Horton, $70 million in NVR and $17.2 million in Lennar.
Aug 15, 2023 - Lennar Corp advanced 3.5% to $118.78 after the home builder reported better-than-expected fiscal fourth quarter results and the company lifted its unit sales outlook for the year.
Total revenue increased 21% to $10.2 billion from $8.4 billion and net income edged up to $1.3 billion from $1.2 billion and diluted earnings per share advanced to $4.55 from $3.91 a year ago.
Homes delivered increased 13% to 20,064 and order backlog dropped 21% to 18,869 and backlog order value dropped 23% to $8.7 billion.
The company guided new orders and home deliveries in the quarter between 12,000 and 13,500 and average sales price between $440,000 and $450,000 and gross margin of 21%.
Jun 15, 2023 - Lennar Corp said revenue in the fiscal first quarter ending in February increased 5% to $6.4 billion from $6.2 billion and net income rose 18% to $596.5 million from $503.6 million a year ago. Diluted earnings per share increased to $2.06 from $1.69 a year ago.
Home deliveries in the quarter increased 9% to 13,659 homes but new orders decreased 10% to 14,194 homes and new orders value decreased 18% to $6.4 billion. Order backlog decreased 29% to 19,403 homes and backlog value plunged 33% to $9.0 billion.
Mar 15, 2023
| Year | Feb | May | Aug | Nov | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.06 | 3.01 | 3.87 | 4.82 | - | |
| 2022 | 1.69 | 4.49 | 5.03 | 4.51 | 15.72 | |
| 2021 | 3.2 | 2.65 | 4.52 | 3.9 | 14.27 | |
| 2020 | 1.27 | 1.65 | 2.12 | 2.81 | 7.85 | |
| 2019 | 0.74 | 1.3 | 1.59 | 2.11 | 5.74 | |
| 2018 | 0.53 | 0.94 | 1.37 | 2.6 | 5.44 | |
| 2017 | 0.59 | 0.91 | 1.06 | 1.29 | 3.85 | |
| 2016 | 0.63 | 1.58 | 1.01 | 1.34 | 2.98 | |
| 2015 | 0.50 | 0.79 | 0.96 | 1.21 | 3.46 | |
| 2014 | 0.35 | 0.61 | 0.78 | 1.06 | 2.8 | |
| 2013 | 0.26 | 0.61 | 0.54 | 0.74 | 2.15 | |
| 2012 | 0.08 | 2.06 | 0.40 | 0.57 | 3.11 | |
| 2011 | 0.14 | 0.07 | 0.11 | 0.16 | 0.48 | |
| 2010 | -0.04 | 0.21 | 0.16 | 0.18 | 0.51 | |
| 2009 | -0.98 | -0.76 | -0.97 | 0.26 | -2.45 | |
| 2008 | -0.56 | -0.76 | -0.56 | -5.13 | -7.01 | |
| 2007 | 0.43 | -1.55 | -3.25 | -7.94 | -12.31 | |
| 2006 | 1.58 | 2.00 | 1.30 | -1.19 | 3.69 | |
| 2005 | 1.17 | 1.48 | 2.06 | 3.52 | 8.23 |