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.
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