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Real Estate & Property Law

: Housing Wire

Home Builder Posts 28% Drop in Q1 Orders

By DIANA GOLOBAY

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Lennar Corp. (LEN: 7.23 -3.73%), a major U.S. home builder, reported this week a first-quarter net loss of $155.9 million — or 98 cents per share — for the quarter ended Feb. 28, 2009. A 38 percent decline in home orders and a 12 percent decrease in average sales price from the same quarter last [...]

Full post as published by Housing Wire on April 01, 2009 (boomark / email).

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