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Lennar Corp

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  • Investors will soon have earnings to add to their watch list, but unlike interest rates and energy prices they may yield a positive surprise.  Though interest rates and subprime worries have rattled stocks lately, corporate profits will also be closely watched in the coming weeks. And many market pros think that--like the first quarter--the results will come in above unrealistically low forecasts.

  • Pulte Slashes Job Amid Housing Slump Friday, 1 Jun 2007 | 3:26 PM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • Pulte To Cut 16% of Work Force Amid Weak Housing Market Wednesday, 30 May 2007 | 7:18 AM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • Analyst Picks Outperforming Housing Stocks Thursday, 24 May 2007 | 10:52 AM ET

    Homebuilder Toll Brothers said its fiscal second-quarter profit fell sharply from the year-ago period. Yet April new-home sales topped estimates, jumping 16.2%.  Nishu Sood, sector analyst at Deutsche Bank, joined "Squawk on the Street" to make sense of the news -- and offer ways to play the housing market.

  • Digging Through the Dow Tuesday, 22 May 2007 | 7:48 PM ET

    People just don’t believe Cramer when he says he thinks the Dow Jones Industrial Average will see 14,548 by year’s end. That’s why all week he’s breaking down each component of the index to show the nonbelievers from where the next 1,000 points is coming. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Real Estate Report Card: Five Best & Worst Markets Friday, 11 May 2007 | 4:43 PM ET
    A new home sign is posted outside of a housing development still under construction, Tuesday, Oct. 25, 2005, in Issaquah, Wash., a suburb of Seattle.  The Commerce Department reported Thursday, Oct. 27, 2005, that sales of new homes rebounded in September after a huge decline in August. (AP Photo/Elaine Thompson)

    For all you hear about the housing bust, you'd think prices aren't going up anywhere. One look at the Seattle or Portland, Oregon markets tells you it isn't true.

  • New Homes, New Questions Friday, 20 Apr 2007 | 5:00 PM ET

    Builders remain cautious and buyers continue to be hesitant, but investors may want to make a move.

  • Hovnanian CEO Ara Hovnanian said he no longer sees the signs of stabilization in the housing market he did in March, and now warns the industry is still a ways from improvement. “The subprime has gotten a lot of attention and it’s not just been the direct effect of the subprime but the psychological effect, even by those that are not using subprime mortgages.… It’s causing hesitation,” Hovnanian told CNBC’s Erin Burnett on "Street Signs."

  • CNBC's Olick Tackles 'Homebuilder Extortion' Debate Monday, 9 Apr 2007 | 6:11 PM ET

    Some call it "homebuilder extortion" but companies such as Lennar say they're simply trying to cut costs in a struggling housing market.

  • Builder Bullies Monday, 9 Apr 2007 | 12:02 PM ET

    I’m reporting a story on Lennar today. The sixth largest public homebuilder in the nation sent out an interesting letter to its contractors a few months ago offering them two choices: (A) Reduce your unpaid invoices as of 1-26-07 by a minimum of X [many have reported up to 20%]… or (B) Not reduce your unpaid invoices and be excluded from bidding future work for a minimum of 6 months. Those companies who choose to participate in this request and/or can exhibit the best price possible will continue to have every opportunity for future business with Lennar.

  • Expect "Massive Foreclosures," Fund Manager Says Friday, 30 Mar 2007 | 11:53 AM ET
    Paul Krugman

    In the wake of a Charlotte Observer report about one area's unusually high foreclosure rate, Beazer Homes USA said it has received a grand jury subpoena from the U.S. Attorney's Office, which is probing its mortgage origination business. A unique case? Not according to CGM Capital Management's Kenneth Heebner, who says the negative impact of fast and loose lending policy has "only begun."

  • Stocks Close Lower As Housing Concerns Sideline Buyers Tuesday, 27 Mar 2007 | 6:49 PM ET

    Stocks closed lower after a new warning from the housing industry kept buyers out of the market. "Even though we may test the lows just because some short-term investors may get out of the way, this market has been really good shape," said Richard Steinberg, president and chief investment officer at Steinberg Global Asset Management. "If we pull back, investors should be reassessing their portfolios and looking to pick up bargains."

  • Subprime Woes Spread, Could Last Two Years Tuesday, 27 Mar 2007 | 3:04 PM ET

    A senior U.S. Federal Reserve staff member warned on Tuesday that subprime mortgage market troubles could last as long as two years, while a leading home builder posting a huge profit plunge blamed subprime lending problems for worsening a soft housing sector.

  • Lennar said first-quarter profit tumbled 73% on continued softness in the housing market, and warned it doesn't expect to meet its 2007 earnings forecast. "While some markets are performing better than others, the typically stronger spring selling season has not yet materialized," President and Chief Executive Stuart Miller said in a statement.

  • CNBC's Domm: Today's Agenda in the Markets Tuesday, 27 Mar 2007 | 8:42 AM ET

    Stocks show signs of weakness ahead of the open today after yesterday's disappointing real-estate data snuffed out the Dow's five-day winning streak. Asian markets were lower overnight, and Europe's major markets are mostly higher.

  • Republican presidential candidate, former U.S. Sen. Rick Santorum speaks to supporters as his daughter, Elizabeth (L), and wife, Karen (R), look on February 7, 2012 at the St. Charles Convention Center in St. Charles, Missouri.

    Is the housing sector doing better than consumers think -- or are some contrarian market boosters guilty of "cherry picking"? An economist and a CEO debated the question, on "Morning Call."

  • Housing Has Nowhere To Go But Up -- Or Down Thursday, 22 Feb 2007 | 3:54 PM ET

    Toll Brothers today said its first-quarter profit plunged 67% compared with last year; the luxury-home builder's CEO, Robert Toll, said there are still too many soft markets. Which raises the question: Has the bottom come at last? Two analysts called it two different ways on "Power Lunch."

  • Stocks End with Slight Gain as Tech Takes Focus Tuesday, 6 Feb 2007 | 6:03 PM ET

    Stocks inched their way to a positive close after a sharp reversal in oil eased selling pressure and a late buying spree broke out in internet stocks.

  • Stocks Hit by Broad Selloff After Bond Yields Surge Thursday, 25 Jan 2007 | 5:32 PM ET

    Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.

  • U.S.  stocks closed lower after oil prices staged a late rally, while weakness in technology dragged down the Nasdaq.

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