Lennar earnings soar amid positive builder news

Lennar’s earnings have climbed. he expects new-home sales to soar 25% to 30%, with similar growth next year. Daren Blomquist, vice president at RealtyTrac, says that over the last few years, there.

Lennar is already up 48% on the year and is trading at a forward price-to-earnings ratio of 12.83.While currently displaying a bit of a sideways pattern on the chart, the stock is likely to resume.

Lifted by the strengthening recovery in the housing market, home builder Lennar beat the Street by revealing surging fourth-quarter profits and a 32% leap in orders.

Lennar Q4 earnings posted this a.m., and part of the good news is that Lennar gutted out a tough-comping orders print of up 13% sequentially. We’ll run updates to our first-blush perspective and.

Equity Loans fills market void The founder of Cleveland’s Advance Partners, who has been running the company supporting independent staffing firms for the past two decades, has a new business venture: financing small companies overlooked by banks.. Joel Adelman started Advance in 1998, growing the startup without any acquisitions from a staff of two to 175 employees all working from the firm’s Beachwood headquarters.

Home builder Lennar Corp. (LEN, $15.18. reported Friday that some containerboard producers are abandoning plans to boost prices in September amid customer resistance. Among the biggest decliners.

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