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Lennar 1Q loss widens as revenue drops

ALEX VEIGA AP Real Estate Writer Homebuilder Lennar Corp. said Monday its fiscal first-quarter losses ballooned 77 percent as it booked charges to adjust land and inventory values, while home deliveries and new orders plunged despite stepped-up buyer incentives. Chief Executive Stuart Miller said the company, one of the nation's largest homebuilders, continued to face negative housing market ...

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