Lennar warns of hurricane-related delays to new-home deliveries
Lennar Corporation LEN performed impressively. driven by higher number of homes delivered and increase in average sales price of homes delivered. New home orders increased 10% year over year to.
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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.
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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.
Similar delays in construction and selling are likely to be the most significant risks Lennar faces. Risk #3: Litigation risk. It’s a near certainty lawsuits will be filed, but with little success.
Hurricane Shutters. If your home is equipped with or for hurricane shutters, we suggest that you plan for rapid installation of those shutters as there is typically much to do when a hurricane draws near. Consider taking time now to ensure you have all of the appropriate tools for proper installation of your shutters and know how to install.
· Also starting construction after years of delays is the nearby Ronald O. Perelman Performing Arts Center at the World Trade Center, named for.
Lennar Says Hurricane Irma Will Cause Home Delivery Delays September 15, 2017 Lennar, one of the nation’s most prominent home builders, said that Hurricane Irma will push back the deliveries of 700 homes in Florida, Georgia, and South Carolina to the next fiscal year.