Lennar Corporation is the United States’ second largest homebuilder.
The company was founded in 1954 under the name F&R Builders by Gene Fisher and Arnold Rosen.
In 1971 the company went public under its new name, Lennar, trading on the New York Stock Exchange under the symbol LEN.
In 2006 Lennar’s was at its height of success as a Fortune 200 company and one of Forbes’ America’s Best-Managed Companies.
The housing slump of 2007-2008 hit the company hard, and it posted heavy losses of more than $2.4 billion by the end of 2008.
In October 2020, Lennar stock was soaring with new home buyers seeking newly constructed homes, rather than purchasing previously owned homes.
The company doubled its annual dividend to $1.00 a share in the fourth quarter of 2020.
Today Lennar builds single family and detached homes in 20 states under the names Lennar, Camelot, NuHome, and Greystone. The company has 9,111 employees and had revenue of $12.646 billion in 2017.
Lennar Corporation is the United States’ second largest homebuilder.
The company was founded in 1954 under the name F&R Builders by Gene Fisher and Arnold Rosen.
History
In 1971 the company went public under its new name, Lennar, trading on the New York Stock Exchange under the symbol LEN.
In 2006 Lennar’s was at its height of success as a Fortune 200 company and one of Forbes’ America’s Best-Managed Companies.
The housing slump of 2007-2008 hit the company hard, and it posted heavy losses of more than $2.4 billion by the end of 2008.
In October 2020, Lennar stock was soaring with new home buyers seeking newly constructed homes, rather than purchasing previously owned homes.
The company doubled its annual dividend to $1.00 a share in the fourth quarter of 2020.
Today Lennar builds single family and detached homes in 20 states under the names Lennar, Camelot, NuHome, and Greystone. The company has 9,111 employees and had revenue of $12.646 billion in 2017.