Lennar Corporation (NYSE: LEN)
Headquarters: Miami, FL
CEO: Stuart
A. Miller
Employees*: 13,687
Home Types: First-time, Move-up,
Active
Adult
Average price: $311,000
Year end: November 30 |
Lennar Corporation was founded in 1954 in Miami, Florida, with an initial investment of $10,000. Lennar is a $14 billion (revenues) national homebuilding company that builds in 18 states. Lennar builds affordable, move-up and retirement homes primarily under the Lennar and U.S. Home brand names. Lennar’s Financial Services Division provides primarily mortgage financing, title insurance and closing services for both buyers of the Company’s homes and others
Lennar was recently ranked by Forbes as one of the “Best Managed Companies in America” and a leader in the construction industry. The Company's senior debt has been classified as investment grade by all three of the nationally recognized statistical rating agencies. In the period from 1999 to 2005, Lennar has achieved compound annual growth rates of 28% in Total Revenues, 41% in Net Earnings, and 37% in Earnings Per Share. The company delivered a record 42,359 homes in 2005
For more information, click
here to visit Lennar's Web site.
* Employee figures are for the calendar
year 2005. |
