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Lennar Corporation

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Lennar is one of the best-positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, the company’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and should improve further. Lennar remains focused on continued improvement in the SG&A line from operating leverage and investments in technology. In this respect Lennar plans to reduce SG&A expenses to the range of 9.1–9.3% in 2017. Also, the acquisition of WCI Communities is expected to produce strong gross margin given its portfolio of high quality, low cost land and 51 communities.


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