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Lennar Corp

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  • Homebuilders Sentiment Index Sinks to 16-Year Low Tuesday, 17 Jul 2007 | 3:05 PM ET

    A key measure of industry sentiment on the U.S. market for new homes fell to its lowest point in more than 16 years, a trade group said Tuesday, as builders struggled with rising inventories of unsold houses across the country.

  • Stop Trading! Monday, 16 Jul 2007 | 1:59 PM ET

    Speculation that Warren Buffett could buy a stake in Hovnanian sent the homebuilders up. But on "Street Signs" today Cramer explained why there's a more likely target. 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.

  • The Week on Wall Street: Volatility Returns Friday, 29 Jun 2007 | 5:33 PM ET

    Stocks edged higher for the week, closing out a solid first half, but there was little to celebrate going into the July 4th holiday.

  • KB Home Swings to Sharp Loss; Revenue Misses Target Thursday, 28 Jun 2007 | 11:23 AM ET

    KB Home, the No. 5 U.S. home builder, posted a quarterly net loss Thursday as revenue dropped sharply due to the weak housing market.

  • Stocks finished lower in a choppy session that was overshadowed by concerns about the housing slowdown and a meltdown in the subprime mortgage industry. "The financials tend to lead the market down and that's what they were doing today," said Robert Albertson, chief strategist at Sandler O'Neill.  "I think it goes well beyond subprime. "

  • Lennar Swings to Loss, Sees Continued Weakness Tuesday, 26 Jun 2007 | 12:21 PM ET

    Lennar, the second-largest U.S. home builder, posted a quarterly loss on Tuesday, forecast a loss for the current quarter and warned that the weak housing market could deteriorate further.

  • New home sales drop.

    I remember last fall many of the major homebuilder CEO’s told me they expected May to be the big recovery period in the housing market. Spring would spring, and all that correctional nastiness would be a fond memory. So much for the merry month of May. New home sales in May fell 1.6% from April and are down nearly 16% from May of 2006. While 1.6% doesn’t sound like any kind of crash, it followed a ridiculous 16% burst in sales of new homes from March to April. What’s up with that?

  • CNBC's Domm: Today's Agenda in the Markets Tuesday, 26 Jun 2007 | 9:17 AM ET

    Stock futures are perking up this morning after three sessions of selling. Housing starts for May are reported today and there are a few earnings reports to make headlines.

  • 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."