Lennar’s Q3 Earnings: Multifamily projects recorded sales greater than targeted 25 percent return

This goes hand-in-hand with the fact that the American homebuyer today is more likely to buy or rent an apartment than buy a single-family home, which has led to a boom in multifamily housing construction. Miller further adds that Lennar’s “geographically diversified $5 billion pipeline of multifamily product will become a more predictable source of quarterly earnings starting in late 2015 and 2015.”

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