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Lennar Larest News

Lennar Latest News

Lennar CEO Forfeits $9.95 Million
Wednesday, 23 April 2008

Lennar CEO Miller Forfeits $9.95 Million Stock and Options for Homebuilder's Money-Losing 2007 
Lennar Corp.'s chief executive could have earned more than $11 million in compensation in 2007 but forfeited $9.95 million of it because the homebuilder failed to meet financial goals amid the troubled housing market, an Associated Press analysis of company filings showed. Stuart Miller received $1 million in salary and $130,397 in other compensation that included $96,000 in dividends, $26,547 in car lease payments, a $6,750 matching payment for his 401(k) and $1,100 in life and disability insurance, according to the company's proxy statement with the Securities and Exchange Commission.

Lennar Defective Homes in Hutto
Tuesday, 22 April 2008

Hutto clay leaves some homes needing repairs
City officials say the problems, which might affect all 787 homes in the HuttoParke neighborhood and several homes in Legends of Hutto, are not serious structural issues. But they have spurred the City Council to consider a more stringent building code. The clay expands and contracts with moisture. If foundations are not designed to handle that movement, the stress can cause cracks, popped nails and separation between walls and ceiling trusses.

Lennar community dominated by renters and out-of-town investors
Tuesday, 11 March 2008

Broken Promises Plague Suburban Development
"We were expecting a real nice, clean community," Spector said. "We'd moved from California, and we were expecting the planned communities to be similar to the planned communities we'd lived in in California." Spector says what he got instead was a community dominated by renters and out-of-town investors. Residents say the community is plagued by drug dealing, gang graffiti and poorly maintained properties.  See home builder related articles: Housing Market Tracker - Homeowners Fighting Back Against Homebuilders

No Homeowners Insurance for Lennar Homes on Bombs
Thursday, 17 January 2008

Buried Bombs Could Cause Fla. Homeowners to Lose Insurance
Hundreds of people who unwittingly bought homes in Orlando, Fla., near a World War II-era bombing range are suing after learning they could lose their insurance. Attorneys for the residents said Lennar Homes and other builders committed fraud by concealing that the homes were built on the bombing range. Citizens Property Insurance Corp., created by the Legislature as the insurer of last resort, said it would not consider writing a policy if there are unexploded bombs.

Lennar - Get out of town!
Monday, 14 January 2008

Lennar BVHP LLC should QUIT while the going is good - we want them out of our community
Lennar Corporation is a ROGUE company that has been selling its homes for cheap - many for 40 cents on a dollar. Lennar Corporation is in deep trouble - it has laid off thousands of its employees - and here in San Francisco too. Lennar's stock and shares have been reduced to Junk Bond Status - the banks will not do business with them - and all over the world in the financial circles - the word is - stay away from the skunk - Lennar Corporation.

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