Connect with us
The third-largest U.S. homebuilder, Lennar Corp., reported stellar third quarter figures, indicating the housing recovery is firmly on track.

archive

U.S. Homebuilders Expect Excellent Q3 Results, Paced by Lennar

The third-largest U.S. homebuilder, Lennar Corp., reported stellar third quarter figures, indicating the housing recovery is firmly on track.

U.S. Homebuilders Expect Excellent Q3 Results, Paced by Lennar (YahooFinance)

The third-largest U.S. homebuilder, Lennar Corp., reported stellar third quarter figures, indicating the housing recovery is firmly on track. Those stellar numbers included Q3 revenue hitting $1.6 billion — ahead of estimates of $1.56 billion; earnings at $.54 per share versus estimates of $.45 per share, orders up 14 percent to 4,785 houses and a backlog rise of 32 percent to 5,958 houses. Lennar??s Chief Executive Stuart Miller said, ??We continue to see long-term fundamental demand in the market driven by the significant shortfall of new single-family and multi-family homes built over the last five years.? And given the current situation with the Fed??s stimulus plan, it appears that healthy interest rates will be  part of the equation for quite some time.

Written By

Advertisement
Advertisement

TRENDING NOW:

archive

U.S. Homebuilders Expect Excellent Q3 Results, Paced by Lennar

U.S. Homebuilders Expect Excellent Q3 Results, Paced by Lennar (YahooFinance)

The third-largest U.S. homebuilder, Lennar Corp., reported stellar third quarter figures, indicating the housing recovery is firmly on track. Those stellar numbers included Q3 revenue hitting $1.6 billion — ahead of estimates of $1.56 billion; earnings at $.54 per share versus estimates of $.45 per share, orders up 14 percent to 4,785 houses and a backlog rise of 32 percent to 5,958 houses. Lennar’s Chief Executive Stuart Miller said, “We continue to see long-term fundamental demand in the market driven by the significant shortfall of new single-family and multi-family homes built over the last five years.” And given the current situation with the Fed’s stimulus plan, it appears that healthy interest rates will be  part of the equation for quite some time.

TRENDING NOW:

THE TRUTH ABOUT GLOBAL WARMING: REAL THREAT OR HYSTERIA?

archive

Dystopia Alert: A Decimating National Debt

archive

Guest Columnist: Why We Must Have a Border Wall

archive

Rising Social Agenda Brings Luster to Qualified Dividends

archive

Connect