Atlanta Home Buyers Appreciate Lennar’s No. 1 Ranking on 2015 Public Builder Report Card
Only builder to be graded A+ celebrates fifth anniversary in Atlanta.
Todd Jones, Division President of Lennar Atlanta, shared that BUILDER Magazine recently awarded Lennar (NYSE:LEN), the nation’s second largest residential builder, with an A+ for its 2014 Performance. Lennar followed up 2013’s A with an A+ in 2014. It ranked No. 3 in financial, No. 5 in sales and marketing, and No. 8 in operations, with a final grade of 85.5/100.
Lennar was the top builder in total shareholder return in 2014, returning 35.3% to shareholders in 2014. The builder had the third highest sales velocity at 2.9 units per month per community. Of large builders, Lennar has the highest gross margin at 25.6% of revenue.
In BUILDER Magazine’s recent annual ranking of the country’s top 100 residential building firms based on production volume, Lennar was listed as No. 2, with 21,003 total closings in 2014 – click here for the list.
Lennar Atlanta, the fast growing division of Lennar, will celebrate its fifth anniversary in Atlanta this summer. Since its start in 2010, Lennar Atlanta has completed more than 1,200 homes throughout metro Atlanta – primarily in Cherokee, Cobb, Forsyth, Gwinnett and North Fulton counties.
Lennar – 2014 Results:
|Total revenue (in millions):||$7,778|
|HB revenue (in millions):||$6,840|
|Debt per share||$32.96|
|Equity per basic share||$23.54|
|HB Pretax margin||15.60%|
|Backlog value (in millions):||$1,974|
|Inventory (in millions):||$7,737|
|Years supply of lots||7.8|
For more information on Lennar Atlanta’s neighborhoods, the variety of floor plans and current homes available for immediate move-in, please visit www.LennarAtlanta.com for more information about a brand-new home or call (404) 931-7462.
Lennar Corp., (NYSE: LEN), founded in 1954 and headquartered in Miami, is one of the nation’s leading builders of quality homes for all generations. Building homes in 18 states, Lennar offers affordable, move-up and retirement homes in communities that cater to almost any lifestyle. For more information about Lennar, visit www.lennar.com.
About Lennar Atlanta
Since 2010, Lennar Atlanta, part of Lennar Corp. (NYSE: LEN), has developed more than 30 residential communities throughout the greater metropolitan Atlanta area and Georgia, with additional neighborhoods scheduled to open in 2015. Headquartered in Roswell, the Lennar Atlanta team is led by Todd Jones, Division President.
LennarAtlanta.com | 404.931.7462