Lennar Reports YOY Increase for Q2

Miami, FL, June 21, 2016—Homebuilder Lennar reported net earnings of $218.5 million, or $0.95 per diluted share, in Q2 2016, compared to net earnings of $183.0 million, or $0.79 per diluted share, in Q2 2015.

Revenues from home sales increased 17% in the second quarter of 2016 to $2.4 billion from $2.1 billion in the second quarter of 2015. Revenues were higher primarily due to a 12% increase in the number of home deliveries, excluding unconsolidated entities, and a 4% increase in the average sales price of homes delivered.