Industry News

Lennar Corp. to cut home production by 20%

Builder lost $200 million in final quarter of '06
Published on Jan 19, 2007

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by CareyBot

Home builder Lennar Corp. lost nearly $200 million in the fourth quarter of 2006, but said it will boost earnings this year by cutting expenses and slowing the pace of home building by 20 percent. Lennar’s fourth-quarter losses of $195.6 ...