Lennar Homes Posts Solid First Quarter After CalAtlantic Acquisition
Lennar Homes delivered 6765 homes during the first quarter of 2018, the first fiscal quarter capturing a portion of the CalAtlantic acquisition. New orders at Lennar jumped 30% with a dollar value of $3.4 billion. After absorbing CalAtlantic Homes, the combined company now boasts a backlog of 17,566 homes with a combined value of $7.7 billion. Contributing to that huge backlog were 7190 homes from CalAtlantic worth an estimated $3.6 billion. Lennar is now America's largest home builder looking at the total dollar value of homes. We'll have to wait for 2nd quarter results fully [...]