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Union organizes protest at builder’s meeting

Real estate brief
Published on Apr 17, 2009

A group of California and Nevada homeowners traveled to Lennar Corp.'s annual shareholder meeting in Miami on Wednesday to protest the builder's practices, which they alleged have contributed to foreclosures. The Miami Herald reported that Lennar Chief Executive Officer Stuart Miller defended the company's practices. "It is not in the interest of this company to have any more foreclosures," he reportedly told shareholders, adding that he has pressed Congress to take more actions to help homeowners avoid foreclosure. About 50 activists, part of the Alliance for Homebuyer Justice, attended a rally in front of the company's headquarters. The protest was organized by the Laborers' International Union of North America, a union of construction workers that created the alliance. The group earlier this month had organized a similar protest against KB Home (see story). LIUNA had protested a Senate bill last year that included tax cuts for builders and other businesses, a...

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