Lennar warns of hurricane-related delays to new-home deliveries

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Lennar Corporation (LEN) expects recent natural disaster to cause delay in home deliveries.

Ex-bond trader’s jury to decide between fraudster, ‘guinea pig’ Lennar warns of hurricane-related delays to new-home deliveries Existing-home sales ease more than forecast to 5.2 million Existing home sales jumped to an annualized rate of 5.510 million units in February, besting our above-consensus forecast of 5.460 million units. february’ s sales rate is the best since March 2018 and marks an 11.8 percent increase from January’s sales rate. Where you see the real strength in.

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Lennar Provides Third Quarter 2017 New Orders and Deliveries, as Well as an Update on Recent storms. potential delays in new home utility connections and building department inspection and.

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Hurricanes Harvey and Irma to Delay Lennar’s Home Deliveries. The company said it had 7,610 new orders and 7,598 deliveries for the third quarter ended Aug 31. This represents an increase of 8% and 12%, respectively, year over year. Hurricane Harvey impacted about 120 new orders and deliveries during the quarter,

US homebuilders were under pressure after KB Home reported weaker than expected third-quarter sales as construction delays and loan financing restricted the number of homes the company delivered to.

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