Lennar Grew Revenues in Q4 and FY 2017
Miami, FL, April 5, 2018-Lennar reported a revenue increase of 13% YOY for its homebuilding business in Q4 and a 14.9% increase for the fiscal year.
Revenues for the company’s full breath of products (homebuilding, financial services, multifamily and Rialto) rose 12% YOY for the quarter and 15% for the year.
Net earnings attributable to Lennar fell 1.2% YOY for Q4 and 12.5% for the year.
For the quarter, deliveries of homes rose by 5% to 8,633; new orders of homes rose 12% to 7,357; and the backlog of homes rose 17% to 8,935.