| Even amid a clear improvement in the U.S. housing market, the strength of home builders' recent results has been remarkable. Consider Lennar. For the quarter ended in August, it said it delivered 3,655 homes, up 28% from a year earlier.
Orders rose 44% to 4,198 homes, while the company's backlog grew 79% to 4,513. In one sign of just how sharp the turn of fortunes in the sector has been, the company noted in its earnings conference call that in some markets, it is seeing labor shortages...............................................Full Article: Source
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