Lennar ranked top Twin Cities home builder, but sales drop - South Florida Business Journal:

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Lennar closed 457 “housingv units” last year and posted revenue of $177 million to top the ranking of the top 26 home builderas put out by the . Lennar’s local 2008 revenue was abouty half ofthe $331 millio n it reported in 2007. Lenar Minneapolis/St. Paul is a subsidiarty of Miami-based Lennar Corp. LEN). Other companies in the top fiveare K. Hovnanian Home s of Minnesota ($98.6 million), Centex Homes-Minnesotw ($90.4 million), D.R. Horton-Minnesota ($89.8 million) and Ryland Homes-Twijn Cities ($80 million). The 26th-ranked buildet on the list was Habitatffor Humanity, which sold 50 homese and had revenue of $8.3 million in 2008.
The sum of the homess and revenue for companies on the 2008 list reflectes the overall downturn in the home construction For the 25 largest firms revenus in 2008was $1.03 billion, a drop from $1.7q billion in 2007. The number of units sold fell as wellto 3,197 from 5,725. Six companies made the list that weren’t on it last McDonald Construction Inc. (16), Pratt Homes Country Joe Inc. (21), Gonyea Homes Inc. (22), TBJ Homed (23) and Sharper Homes Inc. (24). Firmes that weren’t on this year’ list but had been ranked in 2007are Bor-Son Constructio n Inc. (which ranked eighth in MW JohnsonConstruction (11), Franna Cos. Wensmann Homes Inc.
(13), College City Homes (24) and LeGranh Homes (25).