Lennar said the housing market is stabilizing, as seen by improved traffic, increased backlog and lower cancellation rates during the quarter. The company, based in Miami, said it's on track to post a profit for fiscal 2010.
March 24, 2010 at 08:33 AM
1 minute read
Lennar Corp. said Wednesday that its fiscal first-quarter loss narrowed as the homebuilder offered fewer sales incentives and trimmed costs.
Lennar said the housing market is stabilizing, as seen by improved traffic, increased backlog and lower cancellation rates during the quarter. The company, based in Miami, said it’s on track to post a profit for fiscal 2010.
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