Experts discuss how to support front-end costs of innovation to get long-term payoff More
The 2014 public builder report cards offer a research-based analysis of the financial and operational performance of 17 home building companies in 2013. More
A person familiar with TRI Pointe Homes' and Barry Sternlicht-led Starwood Capital negotiations to pay an average of around $100,000 per lot for the Weyerhaeuser portfolio of five home building operations, with 27,000 lots said last night, "I think it's going to get done." More
Lennar Corp. reports significantly improved financial results for its second quarter. More
Lennar names a new president, foreclosures will peak in 2011, and other news bits. More
Barry Minkow, who a year ago accused the builder of illegal business practices, faces sanctions in the hundreds of millions of dollars. More
Miami-based public builder posts another profitable quarter with net earnings of $30 million. More
May's miserable home sales numbers did little to diminish Lennar CEO Stuart Miller's optimistic outlook for the Miami-based company during its Thursday morning conference call. Lennar posted a second-quarter profit of $0.21 per share, well beyond analysts' expectations. Miller said the May sales slump, which occurred after the April 30 federal home buyer tax credit, was expected and was only a bump in the "rocky and sloppy" road to recovery. "We knew all this time that void wouldn't feel good, and it doesn't," Miller said. He added that he thinks the housing market is continuing to stabilize and is "generally in recovery." More
CEO Stuart Miller expected the sales drop in the wake of the home buyer tax credit deadline, but he also predicts demand will rebound by year's end. More
