Lennar warns of hurricane-related delays to new-home deliveries

Hurricanes Harvey and Irma to Delay Lennar’s Home Deliveries.. The company said that the natural disaster is expected to cause delays in home deliveries. Lennar’s shares slipped 0.6% to $50.

Lennar Provides Third Quarter 2017 New Orders and Deliveries, as Well as an Update on Recent Storms. potential delays in new home utility connections and building department inspection and.

It was an even better story for Lennar on Thursday morning. Revenue soared 38 percent to $1.4 billion as a 13 percent increase in home deliveries was boosted by the fact that the average selling price.

Terry L. Smith Terry Linn Smith, age 63, of Red Oak, Iowa, passed away Tuesday, September 20, 2016 at his residence after an extended illness. Terry was born april 28, 1953 in Los Angeles, CA the son of Dain and Patricia (Nunn) Smith.

QE has done a lot to keep mortgage rates down, and so fears of its potential end sent those rates soaring, increasing monthly payments for new home-buyers. and a 39% jump in home deliveries..

In the wake of Hurricane Irma, national homebuilder Lennar Corp. announced that hundreds of home deliveries would be delayed. Miami-based Lennar said Hurricane Irma’s path along the eastern.

US housebuilder Lennar expects delays to deliveries after hurricanes Irma and Harvey – Housebuilder Lennar corp. (nyse. “The expected shift of deliveries this year not only takes into account damage from the storm but also short-term labour challenges, power outages, potential delays.

"The expected shift of deliveries this year not only takes into account damage from the storm but also short-term labor challenges, power outages, potential delays in new home utility connections and building department inspection and permitting delays," Stuart Miller, CEO of Lennar, said in a statement.

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Similar delays in construction and selling are likely to be the most significant risks Lennar faces. Risk #3: Litigation risk. It’s a near certainty lawsuits will be filed, but with little success.

Lennar Orlando. 27K likes. For over 40 years, Lennar has been one of Central Florida’s top new home builders. All of our homes are built with our.

The scarcity of construction labourers, as well as plumbers, electricians and carpenters among others that are the backbone of the residential construction industry, has resulted in projects facing.