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The home builder now expects to deliver 50,500 to 51,000 homes for the year, and generate a gross margin for home sales of 21.5% as well as a net margin for home sales of about 13%.
"While many parts of the economy are still waiting to open and rebound, the housing market has proven to be resilient in the current environment. We expect this trend to continue and for housing to be a significant driver of employment and rebound for the broader economy," Lennar Executive Chairman Stuart Miller said in a statement.
For its fiscal third and fourth quarters, Lennar expects at least 24,800 new home orders.