Leader of the Pack

Leader of the Pack

Lennar beats the Street with 3Q earnings. Highlighted in this article is the fact that Lennar’s current land supply, the bulk of which was purchased during the downturn, allows it to produce industry leading margin figures.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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Homebuilders / Land Developers
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MDC 4th-Qtr Profit Up 79%

M.D.C. Holdings (NYSE:MDC), Denver, parent of Richmond American Homes, on Wednesday reported net income of $40.4 million, or $0.78 per share, for the fourth quarter ended Dec. 31, 2016. The