Home sales boost revenue for homebuilder Lennar
OtherHomebuilder Lennar Corp. announced its first-quarter results, revealing that revenue from home sales jumped 40% year-over year to $855.1 million from $610.7 million in the first quarter of 2012. “Our first quarter results clearly reflect continued improvement in the marketplace. Current market conditions are driven by strong demand resulting from low interest rates and attractive home prices, which have led to very affordable monthly payments, compared to increasing rental rates,” said Stuart Miller, chief executive officer of Lennar ($42.12 -0.27%). The homebuilder reported net earnings of $57.5 million, or $0.26 […]
