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

Hurricane Shutters. If your home is equipped with or for hurricane shutters, we suggest that you plan for rapid installation of those shutters as there is typically much to do when a hurricane draws near. Consider taking time now to ensure you have all of the appropriate tools for proper installation of your shutters and know how to install.

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.

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Contents Short-term labour challenges farm bureau life Completions big picture: Los angeles. mortgage Toronto home prices in record monthly drop as sales plunge Lennar warns of hurricane-related delays to new-home deliveries US housebuilder Lennar expects delays to deliveries after hurricanes Irma and Harvey – Housebuilder Lennar corp. (nyse.

John Laing Homes had been looking for an investor to infuse the Newport Beach-based homebuilder with cash to expand. Emaar Properties, a developer of futuristic masterplanned cities in the Middle East.

Lennar briefly topped an early entry at 54.96. Lennar now says about 950 closings will be pushed from fiscal 2017 into 2018 due to Hurricanes Harvey and Irma, but down the road sees increased demand due to the storms. Last month, Lennar said Irma would delay about 700 deliveries from Q4 2017 into the following fiscal year.

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The United States is once again battening down the hatches in expectation that a major hurricane will hit the East Coast, with mail and express delivery companies warning of delays to shipments.

Lennar estimates that approximately 700 deliveries will be delayed in the fourth quarter due to the impact of Irma.. potential delays in new-home utility. also expects a hurricane-related.

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