Lennar is buying CalAtlantic Group in a $5.7 billion deal that will create the nation's largest homebuilder as sales of new homes reach levels not seen in a decade.

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KB Home reported Tuesday that its third-quarter net income grew more than eightfold as its interest expenses declined while it delivered more homes at higher prices.

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By MARCY GORDON Associated Press WASHINGTON (AP) – The Labor Department is investigating large U.S. homebuilders to see if they failed to pay workers the minimum wage or overtime. A spokesman says the agency is investigating compliance with wage-and-hour laws ...

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By Bob Christie Associated Press Phoenix — Homebuilders trying to fight off customers’ attraction to cheap foreclosures are doing more to show buyers that good deals can come with pitfalls. The companies are increasingly trying to woo buyers such as ...

Tagged with: foreclosure homebuilders Lennar Corp. new home sales PulteGroup

By ?ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Home construction increased last month and applications for building permits also grew. But the gains were driven mainly by apartment and condominium construction, not the much larger single-family homes sector. ...

Tagged with: Capital Economics Commerce Department Lennar Corp. National Association of Home Builders single-family homes tax credits unemployment

Jacob Adelman AP Writer Los Angeles  — A U.S. Bankruptcy Court judge in Delaware issued a ruling Monday that could allow a massive Southern California residential development to emerge from bankruptcy protection. Judge Kevin J. Carey’s approval of the so-called ...

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Jacob Adelman AP Writer Los Angeles — Homebuilder Lennar Corp. is pitching a plan to resolve the bankruptcy of the 21,000-home Newhall Ranch project, which is on the last major tract of undeveloped land in Los Angeles County. Lennar, a ...

Tagged with: California Lennar Corp.

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 ...

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