Lennar

History:

Lennar Corporation was founded in 1954 as a local homebuilder in Miami, U.S.A. The company grew rapidly and the common stock of the company was listed on the New York Stock Exchange in 1972. Expansion happened and now Lennar Corporation is a leading home maker in the U.S along with D.R. Horton, Centex, and Pulte Homes.

Activities:

The main source of revenue for Lennar is home-making. The company builds roughly 49,000 homes annually across the U.S. There is a separate business division dealing in financial services like residential mortgage, title, and closing services.

Performance:

The Company had annual sales of $16,266.7 million in 2006. The net income of the company during the fiscal year was $593.9 million Lennar is ranked 161st in the 2006 Fortune 500 rankings based on 2005 revenues.
Performances of the company over the last fiscals are given:

Corporate Address: 700 NW 107th Ave., Ste. 400, Miami, FL 33172 Telephone: 305-559-4000 Fax: 305-229-6453 Website: www.lennar.com

Organization:

Lennar Corporation is headed by Mr. Stuart A. Miller who is the company President, CEO, and Director. The company had an employee count of 13,687 in 2005.

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