US Homebuilder Sentiment Beats, Marks 18 yr Highs

US Homebuilder Sentiment Beats, Marks 18 yr Highs

US Homebuilder Sentiment Beats, Marks 18 yr Highs Confidence among US homebuilders rose in December to the highest mark since July 1999, exceeding all analyst estimates, as a growing economy boosts housing demand, according to data Monday from the National Association of Home Builders/Wells Fargo. Highlights of Homebuilder Sentiment (December) Housing market index rose to 74 from […]

Lennar (NYSE:LEN) Acquisition Creates US Mega Homebuilder

Lennar (NYSE:LEN) Acquisition Creates US Mega Homebuilder

Lennar (NYSE:LEN) Acquisition Creates US Mega Homebuilder $LEN, $CAA Lennar Corp (NYSE:LEN) will buy rival CalAtlantic Group Inc. (NYSE:CAA) for $5.7-B, creating the largest home-builder in the United States. The deal announced by the companies Monday is the 1st major merger in the US housing sector in more than 2 years and will make the […]