Lennar announces $4 billion rental home venture

One of America’s biggest homebuilders is getting into the rental market at a time when it is growing rapidly. Lennar Corp., which has traditionally always built its homes with the intent of selling them, said last week it has created a new business called Upward America Venture, that will acquire hundreds of single-family homes and

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Lennar Corp., ready to build homes to rent

Lennar Corp., one of the nation’s largest home builders, is “considering” a move to build homes intended to rent if first-time home buyers continue to be reluctant, said Stuart Miller, the builder’s chief executive, in a quarterly conference call Thursday.

Inland Empire Homeowners Sue Builders For Property Value Decline

A group of homeowners in California have revived a lawsuit in the federal courts, alleging that the value of their homes has dropped as a result of negligent actions by eight homebuilding companies. According to a report from Reuters, the homeowners, who live in California’s Inland Empire region, say that they purchased their newly-built homes

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