Lennar Corporation (NYSE: LEN) reported total revenues of $7.3 billion for the first quarter of 2024, up 13% year-over-year.
Net earnings attributable to Lennar were $719 million, or $2.57 per share, compared to $597 million, or $2.06 per share, last year.
New orders increased 28% to 18,176 homes and deliveries rose 23% to 16,798 homes in Q1.
For the second quarter of 2024, new orders are expected to be 20,900-21,300 while deliveries are expected to be 19,000-19,500.
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