A rise in new orders and finished new homes sent Lennar Corp.’s earnings rising more than four times higher in the third quarter.

Lennar reported that it earned $87.1 million for the three months ending Aug. 31, which is up from $20.7 million a year prior. The Miami-based home builder also reported home deliveries up 28 percent and new orders increasing 44 percent.

via Home Builder Lennar Quadruples Earnings | Realtor Magazine.