Lennar warns of hurricane-related delays to new-home deliveries
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Lennar Nears Buy Point On Earnings Surprise As Builders Break. – Lennar briefly topped an early entry at 54.96. Lennar now says about 950 closings will be pushed from fiscal 2017 into 2018 due to Hurricanes Harvey and Irma, but down the road sees increased demand due to the storms. Last month, Lennar said Irma would delay about 700 deliveries from Q4 2017 into the following fiscal year.
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Hurricanes Harvey and Irma to Delay Lennar’s Home Deliveries. post hurricanes, Harvey and Irma. The company said that the natural disaster is expected to cause delays in home deliveries. Lennar.
Lennar Corp. anticipates that hurricane-related damage will delay its new-home deliveries temporarily, adding to home-inventory challenges in the mortgage market in the short-term. Homebuilders Bonnie Sinnock September 14, 2017
Lennar Provides Third Quarter 2017 New Orders and Deliveries, as Well as an Update on Recent Storms. potential delays in new home utility connections and building department inspection and.
Miami, FL, November 5–Lennar Corp warned that it may have to delay closings on 600 of the new houses it expected to deliver to homeowners in the current quarter in part because of slowing demand.
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Hurricane Harvey Largely Spared Homebuilder Lennar’s Results. and it reiterated that Hurrican Harvey damage would delay some closing but also generate new. Lennar said it delivered 7,598.
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LENNAR: Hurricane Irma is going to cause delays in home deliveries. Harvey is expected to impact deliveries of 130 homes in the fourth quarter, Lennar said. The company said orders – a key indicator of future revenue for homebuilders – rose 8 percent to 7,610 homes in the third quarter ended aug. 31. lennar sold 7,598 homes in the quarter, up 12 percent from a year earlier.