30-10-2017 20:40 via feedproxy.google.com

Lennar is about to become America's largest homebuilder — here are some of its latest projects

On Monday, Lennar Corporation announced plans to buy smaller rival CalAtlantic Group, making it the largest homebuilder in the United States. The stock-and-cash deal is valued at about $9.3 billion, including a debt of $3.6 billion.Lennar and CalAtlantic already have large footprints across the US. Combined, the two corporations have 240,000 building plots in 21 states, a market value of around $18 billion, and a revenue of $17 billion over the past year.
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