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Website: http://www.lennar.com Lennar is one of the nation's largest homebuilders with a diversified product line including homes for first-time, move-up and active adult buyers. Lennar builds homes priced from $100,000 to over $1,000,000 and are available in urban infill communities to golf course communities. The company markets homes in dual packages with "Everything's Included" and "Design Studio" that gives customers flexibility to choose how they would like to purchase their new home and what features are available. Founded in 1954, Lennar has the following home brands: Cambridge, Greystone, Lennar, NuHome, Patriot, U.S. Home, and Village Builders. Combined, Lennar has delivered more than 500,000 homes in 19 states across the country. Lennar's market regions consist of homebuilding divisions in the following states: East: Florida, Maryland, Virginia, New
Jersey, New York, North Carolina and South Carolina In fiscal 2007, Lennar had revenues of $10.1 billion. The company reported a net loss of $1.9 billion due to a slowdown in new home construction. The average sales price of homes delivered decreased to $297,000 in the year ended November 30, 2007 from $315,000 in 2006, primarily due to higher sales incentives offered to homebuyers ($48,000 per home delivered in 2007, compared to $32,000 per home delivered in 2006). Lennar delivered 33,283 homes in fiscal 2007, down from 49,568 in the previous year. Benefits - 401(k) Plan - Immediate participation.
Matching contributions currently are 50% of the first 6% of pre-tax
salary deferral, not including catch-up contributions. Vesting
on the match occurs at 20% per year of service (as defined by
the Plan). Updated January 24, 2008 |