Close Menu
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
Home»Finance»Lennar revenue rises 14.6 percent
Finance

Lennar revenue rises 14.6 percent

DeepBy DeepDecember 19, 2016No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

 

A sign advertising available homes is posted at a housing development in Dublin, California.

Getty Images
A sign advertising available homes is posted at a housing development in Dublin, California.

Lennar, the second-largest U.S. homebuilder, reported quarterly profit that topped analysts’ estimates as it sold more homes at higher prices.

An improving job market and attractive mortgage rates continue to fuel demand for housing in the United States, helping homebuilders such as Lennar and PulteGroup.

Orders, a key indicator of future revenue for homebuilders, rose 9 percent in the fourth quarter ended Nov. 30, Lennar said.

The Florida-based builder said it sold 8,228 homes during the quarter, compared with 7,657 homes last year. The average sales price increased 2.6 percent to $358,000.

Lennar’s strong balance sheet will hold the company in good stead, despite a potential rise in interest rates over the next several years, Chief Executive Stuart Miller said on Monday.

The U.S. Federal Reserve raised interest rates last week and signaled a faster pace of increases in 2017 as central bankers adapted to President-elect Donald Trump’s promises of tax cuts, spending and deregulation.

The company’s net income attributable to shareholders rose to $313.5 million, or $1.34 per share, in the quarter from $281.6 million, or $1.21 per share, a year earlier.

Revenue rose to $3.38 billion from $2.95 billion.

Analysts on average had expected the company to earn $1.29 per share on revenue of $3.30 billion, according to Thomson Reuters I/B/E/S.

Up to Friday’s close, shares of the company had fallen 11.2 percent this year.

source”cnbc”
14.6 Lennar percent revenue rises
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Deep

Related Posts

Does Financial Literacy Have the Potential to Transform Women’s Lives in Africa?

September 10, 2025

How to Balance Your Passion Projects with Your Financial Resources: Building a Financially Sustainable Lifestyle

August 30, 2025

Case Study: The Selection of SDK.finance to Power a Central Asian Government’s National Social Payment Card System

July 28, 2025
Recent Post
  • Why I’m Going to Every State as Education Secretary
  • Does Financial Literacy Have the Potential to Transform Women’s Lives in Africa?
  • In an emergency, take advice from Thomas Rush
  • How to Balance Your Passion Projects with Your Financial Resources: Building a Financially Sustainable Lifestyle
  • Gemini’s Guided Learning: From answers to comprehension
  • Google Reviews API: How To Get & Use It
  • laying a solid foundation to boost student achievement in Ethiopia
  • Real-Time Content’s Power
Search
  • Home
  • Privacy Policy
  • Contact Us !
© 2025 BlogSpotTips. Designed by BlogSpotTips.

Type above and press Enter to search. Press Esc to cancel.