Stock of the day: Lennar Corp

In this installment: America's 3rd-largest homebuilder delivers strong Q2 results.

By Motley Fool Investor Beat Jun 25, 2013 2:00PM
Shares of Lennar Corp (LEN) rose Tuesday morning after reporting strong second-quarter numbers. While profit was off from the prior year, the company reported strong orders and deliveries for its recent quarter. Gross margins on home sales rose as well. Things look good in the broader housing market as well. New-home sales hit their highest point in almost five years in May, rising 2.1% from the previous month. In other housing news, the Case-Shiller index of home prices in 10 major markets increased 1.8% in April.

 In this installment of Stock of the Day, Motley Fool analyst Matt Koppenheffer discusses how investors should analyze the housing market and what he thinks of Lennar.
Home under construction, Paul Burns, Photodisc, Getty ImagesThe Motley Fool's 12 top stocks for 2013 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor's Guide to the Year Ahead. It's The Motley Fool's current top report, and includes Chief Investment Officer Andy Cross's top stock for 2013! This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company's huge profits in this special, free report, just click here now

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9Comments
Jun 25, 2013 3:08PM
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Dear msn..

Why don't you just do away with the money and news sections?  Clearly, by looking at the home page, all that people care about are celebrities, dumb studies, and cute animals.

Regards

Jun 25, 2013 4:15PM
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If the photo above with the women in the backgound, the fellow with his back to you and the older gentleman facing you with the hammer is as contrived as this so called new home building boom.

By the looks of it that guys never held a hammer before in his life.
Jun 25, 2013 3:30PM
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Home prices have risen an average of 12 to 13% over the last 12 months, a healthy market should show gains of about 3 to 4% annually. Clearly it's time for Ben Bernanke to start the tapering process and test the markets real strength and not make the same mistake the fed made from 2001 to 2004, when they over stimulated growth, which lead to the economies demise.

Jun 25, 2013 4:25PM
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We're not buying it, MSN. There isn't ONE stock out there not pumped up by Bernanke Kool Aid. No one in their right mind is investing in a big home. Most people who should be are unemployed and struggling. I also agree that your photo is staged and your data is manipulated. We're heading for a major war... you (MSN) are doing more to cause it than anything else.
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What makes America great is that you can be a gutless, useless, freeloading, parasite who pisses on America and everything it stands for and still get a check from the government every month.

And that's true even if you're not the president!
Jun 25, 2013 6:13PM
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whats with that pic?? the hommies holding a ball peen hammer.did he build that house???????????
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