Housing Comeback Materializing As Lennar’s Profit Surges Fourfold

Despite high unemployment and a stubborn economy that refuses to grow at an acceptable rate, the housing sector has managed to become one of the bright points in this fragile recovery.  The latest example of strength in residential real estate is Lennar, which posted solid fourth quarter earnings on Tuesday.  Lennar?s management highlighted rising deliveries and orders, increased volume in mortgage operations, and higher average sales prices, forecasting continued improvement in what was just recently a major drag on GDP growth.

http://www.forbes.com/sites/afontevecchia/2013/01/15/housing-comeback-materializing-as-lennars-profit-surges-fourfold/