Lennar Makes Deal for CalAtlantic as Home Builders Face Challenges

New York Times

By Chad Bray and Matthew Goldstein

The home-building sector in the United States has faced an array of challenges, including natural disasters, a long-running labor shortage and increased regulatory costs. Now, two of the nation’s biggest residential-construction companies are merging in hopes that their combined heft will help them counter those forces. The Lennar Corporation said on Monday that it would merge with the CalAtlantic Group to form America’s largest home builder in a stock-and-cash deal worth $5.7 billion. The deal would create a behemoth with around 240,000 building plots in 21 states, a market value of about $18 billion and combined revenue of $17 billion over the past 12 months.

Read More

Previous Lennar to Buy CalAtlantic
Next Industrial Park to Make Way for Condo Complex in Old Town Tustin

About author

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.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Tri Pointe Profit Slips On Geographic Shift

TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income

Homebuilders / Land Developers

2016 Builder Of The Year: CalAtlantic Group

Three times a year, the Harvard Joint Center for Housing Studies Policy Advisory Board (PAB) meets, typically, once in Washington, D.C.; once in Cambridge, Mass.; and once in a third,

Homebuilders / Land Developers

Homebuilder Confidence Stays Relatively Steady

NAHB Homebuilder Confidence Index dropped in December to 57 from 58 in November. The reading of 59 in September was a nine-year high. Readings above 50 indicate builders feel good