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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 214
Company Information
Name: Lennar Corporation
Industry: Construction Services
Description: Lennar Corporation operates as a homebuilder & a provider of financial services in the US. Its homebuilding operations include the sale & construction of single-family attached & detached homes, as well as the purchase, development & sale of residential land directly & through unconsolidated partnerships. As of November 30, 2003, Lennar's market regions consisted of homebuilding divisions in Florida, Maryland, Virginia, New Jersey, North Carolina, South Carolina, Texas, Illinois, Minnesota, California, Colorado, Arizona & Nevada. The Company's financial services subsidiaries provide mortgage financing, title insurance, closing services & insurance agency services for both buyers of Lennar's homes & other buyers. These subsidiaries also provide high-speed Internet access, cable television & alarm installation & monitoring services to residents of communities the Company develops & other communities.
Financial Summary: For the nine months ended 31 August 2005, Lennar Corporation's revenues increased 27% to $8.84B. Net income from continuing operations increased 35% to $763.3M. Revenue reflects increased sales from home building division and financial services division. Net income also reflects an increase in equity in earnings from unconsolidated entities and a significant decrease in management fee and other expenses.
Business Summary: Lennar Corporation (Lennar) operates as a homebuilder and a provider of financial services in the United States. The Company's homebuilding operations include the sale and construction of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated partnerships. The Company's financial services subsidiaries provide mortgage financing, title insurance, closing services and insurance agency services for both buyers of Lennar's homes and other buyers, and sell the loans they originate in the secondary mortgage market. Through these financial services operations, the Company also provides high-speed Internet access, cable television and alarm installation and monitoring services to residents of communities the Company develops, as well as other communities.
Misc Details
Symbol: LEN
City: Miami
State: FL
ZIP Code: 33172
Address: 700 Northwest 107th Avenue
Phone: 305-559-4000
Fax: 305-228-8383
Website: http://www.lennar.com
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