DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 14, 2018

Homebuilding giant Lennar Corp. announced it has completed a merger with former rival CalAtlantic Group Inc., creating the nation's largest homebuilder based on revenues. Both companies' stockholders this week overwhelmingly approved the actions making CalAtlantic a wholly owned subsidiary of Lennar.

“This combination brought together two leading homebuilders in familiar markets with compatible product lines,” says Stuart Miller, CEO of Lennar. “With stable to improving market conditions, this combination enables our company to use local market concentration to drive synergies and efficiencies in the most strategic markets in the country.” More...