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Lennar profit jumps on strong housing demand, higher prices By Reuters


© Reuters. Lennar Corp has just completed the construction of new houses in Leucadia on March 18, 2015. REUTERS/Mike Blake/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE SEARCH BUSINESS WEEK AHEAD JUNE 20 FOR ALL IMAGES

(Reuters) – Lennar Corp (NYSE:), the No. On Monday, the No. 2 U.S. housebuilder reported a jump in quarterly profit, thanks to rising prices and higher demand.

From $666.4million, which was $2.12 per shares a year before, the net earnings of the company increased 111% to $1.41Billion or $4.52 each share in the period ended August 31.

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