Marriage is no longer a prerequisite for home buying. According to this World Property Journal article, single females are taking the big step of becoming homeowners without the need to receive the ring. For the second year in a row single women account for the second largest group of all homebuyers at 18%, right behind  married couples at 63%.


Yet First-time Buyers Continue to Struggle

The National Association of Realtors is reporting this week that single females continue to be a powerful force in the U.S. housing market, while low inventory, rising interest rates and increasing home prices remain, holding back first-time buyers despite notable interest in buying a home.

This is according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers, which identified numerous consumer and housing trends in 2018, including mounting student debt balances; the impact of pets on home buying decisions; increases in down payments for all buyers; the rising age of repeat buyers; and the fact that a vast number of respondents use a real estate agent to buy or sell a home, which kept for-sale-by-owner transactions at an all-time low.

“With the lower end of the housing market – smaller, moderately priced homes – seeing the worst of the inventory shortage, first-time home buyers who want to enter the market are having difficulty finding a home they can afford,” said NAR Chief Economist Lawrence Yun. “Homes were selling in a median of three weeks and multiple offers were a common occurrence, further pushing up home prices.  These factors contributed to the low number of first-time buyers and the struggles of would-be buyers dreaming of joining the ranks of homeownership.”

Other key trends of NAR’s buyers and sellers report include:

Single Female Buyers continue to be a strong force in the market 

For the second year in a row, single female buyers accounted for 18 percent of all buyers. The group was the second most common household buyer type behind married couples (63 percent). Single male buyers came in third and accounted for half the number of buyers as their female counterparts (9 percent). However, single males tended to purchase more expensive homes, with a median price of $215,000, compared to single females with a median price of $189,000 (the lowest of all household buyer types).

Share of first-time buyers continues to fall

The share of first-time homebuyers continued a three-year decline, falling to 33 percent (34 percent last year). This number has not been 40 percent or higher since the first-time homebuyers credit ended in 2010.

“Low inventory, rising interest rates and student loan debt are all factors contributing to the suppression of first-time home buyers,” said Yun. “However, existing home sales data shows inventory has been rising slowly on a year-over-year basis in recent months, which may encourage more would-be buyers who were previously convinced they could not find a home to enter the market.”

Buyers continue to rely on agents and the Internet to find the right home

For the third year in a row, 95 percent of buyers used the Internet at some point during their home search process, and 50 percent said that they found the home they eventually purchased online. Eighty-six percent of buyers used a real estate agent in their home search, and repeat buyers were more likely to use an agent than first-timers (87 percent to 86). Overall, 87 percent of buyers ended up purchasing their home through a real estate agent (the same as 2017), as finding the right home and negotiating terms of sale were the top factors buyers desired from their agent. Ninety percent of respondents said they would definitely or probably use their agent again or recommend them to someone else.

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South Florida is known and loved for many reasons. Whether you enjoy admiring the cruise ships sail out of Miami Beach, having dinner with a stunning view of the city skyline, or the always-summer weather, there are a million and one exciting things about the vibrant area located at the eastern tip of Florida’s peninsula. Add to that a thriving business ecosystem, diverse workforce, and an enviable location as the Gateway to the Americas, and one can readily understand why Amazon has listed Miami as one of the top 20 cities being considered for their second headquarters.

Miami is also the birthplace of Lennar Homes, and continues to be near and dear to our hearts as we continue to construct the area’s finest new estate homes, townhomes, villas, and condos.

Are you considering a move to South Florida? Here are just a few of the reasons why you should consider the change:

1. #1 for New Business Creation

In the Kauffman Foundation’s 2017 Index of Startup Activity, the Miami/ Ft. Lauderdale region was named #1 for new business creation, among 40 other major cities. Established industry leaders, such as American Airlines and US Century Bank among many others, also call the area home. South Florida has a place for every business, as well as the talent to grow it. Notable among Miami’s cities is Doral, selected as #1 City in Florida for Business Startups (Businessweek), and a destination in which Lennar’ has three beautiful communities: Urbana, in the heart of downtown Doral, Park Central, and Landmark.

2. Year-Round Warm Weather

In South Florida, very few days out of the year are “cold” and the rest are easy, breezy, and comfortable. During the summer, the temperature is always right for a beach/pool day, and perfect outdoor weather continues through the fall, winter, and spring! There is no shoveling snow or cabin fever in our area, and beautiful beaches beckon year-around. Get there in a flash from Lennar communities which are strategically located near major highways. Or omit the drive altogether and relax at your exclusive community swimming pool–some even featuring a waterfall and kids’ water park!

3. Travel the World Without Leaving Town

As a true cultural melting pot, South Florida is rich with culture and diversity, offering authentic products and experiences from all over the world. People from South America, Europe, the Caribbean, Asia and beyond have decided to make the area home. Walk through a busy downtown street and you’re likely to hear Spanish, French, Russian, Portuguese, and English spoken all around you after just a couple of blocks.

And of course, our area is home to a great variety of authentic global restaurants, including cuisine from Cuba, Peru, Mexico, Nicaragua, Venezuela, and more! Visit one of the many local malls to shop international designers from Italy, France, Brazil, and the list goes on. For a thought-provoking outing, check out the waterfront Perez Art Museum Miami, featuring international artwork and a casual cafe with a gorgeous view.

With all that South Florida has to offer, it’s hard to imagine that Miami won’t be chosen as Amazon’s second headquarters. But that doesn’t mean you can’t create your own headquarters here! Browse your beautiful options here!

Clovis, Calif. – November 2018 – Home shoppers are down to their final opportunity to purchase a new home from the Chateau Series at Lennar’s popular Ellingsworth community in Clovis. The Countess plan, still available at this community, is a family friendly choice priced from the mid $300,000s.

“This has been one of our most popular communities and we’re nearing close out for the Chateau Series offered here at Ellingsworth,” said Susan Wilke, Vice President for Sales and Marketing for Lennar Central Valley. “Ellingsworth is situated in a great centralized location near Pasa Tiempo Park and local schools.”

The Countess plan from the Chateau Series at Ellingsworth offers approximately 2,280 square feet of living space with four bedrooms and two and one-half bathrooms. Enter the home to find a versatile flex room toward the entry, and the open-concept living area just beyond. The gourmet kitchen, Great Room and dining area flow effortlessly and maximize interior space. Upstairs are all four bedrooms, including the luxurious master suite with spa-like bathroom and a walk-in closet.

Every home at Ellingsworth comes complete with Lennar’s new Wi-Fi CERTIFIED™ Home Design and signature Everything’s Included® features. By incorporating wireless accent points throughout the home, homeowners can enjoy strong and consistent internet coverage in every room.

Lennar has recently elevated their Everything’s Included® program to also provide features to take advantage of no dead spots in these Wi-Fi CERTIFIED™ new homes. In addition to the traditional features such as stainless steel appliances and quartz countertops, homeowners can now enjoy a series of integrated home automation products. These products give homeowners the ability to manage lights, locks, music, temperature, movies and more straight from a smart device or with voice control from Amazon Alexa.

The Chateau at Ellingsworth Welcome Home Center is located at 2165 Agua Dulce Avenue in Clovis. For more information on this community visit www.lennar.com/fresno or call 559-554-1147.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com

Shafter, Calif. – November 2018 – Lennar Central Valley celebrated a highly-successful Grand Opening of the three models of the Savannah Series at Gossamer Grove a few weeks back, and is excited to announce a fourth model showcasing the Dixie floorplan which is now open. Prospective home shoppers are invited out to the community to explore the new Savannah Series of home designs.

“We are so thrilled to add this incredible new collection of homes to Gossamer Grove,” said Susan Wilke, Vice President of Marketing for Lennar Central Valley. “Along with three other series of floorplans – all of which have models currently open at Gossamer Grove – our Savannah Series is another fabulous addition to this already wonderful community.”

The new Dixie model from the Savannah Series is a smart and thoughtfully-designed single-story home that offers approximately 1,450 square feet of living space. Showcasing a southern-inspired exterior with a welcoming foyer, the Dixie plan provides two bedrooms, two bathrooms and a two-bay garage. This model is now open and ready for touring.

Additionally, homes in the Savannah Series showcase bright-white kitchens that function as the centerpiece of the home and deliver a sense of comfort and familiarity. These functional kitchens combine light, beauty and upgraded features in a way that makes coming home every day feel relaxing. Floorplans range in size from approximately 1,450 to 2,223 square feet and offer up to four bedrooms, two and a half bathrooms and two-bay garages. Homes are priced starting from the high $200,000s.

Additionally, Lennar also has model homes open at Gossamer Grove from their Chateau, Skye and California series of floorplans. Among these three collections, homebuyers have seventeen distinctive floorplans to choose from in both single and two-story designs, with sizes that range from approximately 1,580 to 3,167 square feet. Priced starting from the mid $200,000s, there is a home design for every family type.

As part of Lennar’s signature Everything’s Included program, every residence comes outfitted with high-end features at no additional cost. These include GE® stainless steel appliances, granite or quartz kitchen countertops, high-quality cabinetry and the latest in home automation products and technology voice controlled by Amazon Alexa.

To tour the Savannah Series model homes, home shoppers can visit the Welcome Home Center located at 9022 Sycamore Villas Way in Shafter.

For more information and to learn more visit www.lennar.com/gossamergrove. To discover new homes for sale across the Bakersfield area, visit www.lennar.com/bakersfield.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com

Ventura, Calif. – October 2018 – With Ladera and Alondra both sold out, Barcelo is your last chance to call Solana Heights your home! Solana Heights is a stunning masterplan community located only two miles away from downtown Ventura and offers buyers an incredible opportunity to purchase a new home near the open space, mountains and pristine beaches Ventura is well known for. Barcelo presents the largest homes for sale in the masterplan with an exceptional collection of two-story designs showcasing striking exteriors and modern interior details plus select homes boast partial ocean views. Don’t delay—these homes won’t last long, so stop by the Welcome Home Center today!

“Barcelo offers more than just new homes—it offers an elevated lifestyle close to the beach, hiking with mountain views and an array of first-rate entertainment, shopping and dining opportunities,” said Ken Melvin, Division President for Lennar LA/Ventura division. “Best of all, a wide selection of quick move-in homes are available as soon as today, so you can be fully situated and moved in your new home in time to host your family this holiday season.”

Interested homeshoppers can choose from three distinct floorplans ranging in size from approximately 2,603 to 2,971 square feet of living space including three to four bedrooms, two and one-half to three bathrooms and two-car garages. Homes showcase modern design details throughout the home that reflect the way people choose to live today. Experience open living spaces that make connecting and entertaining easy, gourmet kitchens with large center islands, sophisticated master suites with lavish bathrooms, spacious secondary bedrooms for the kids, charming study spaces for an in-home office, outdoor living spaces and generously-sized lofts.

Commissioned by and licensed solely to Cal Atlantic Homes.

At Solana Heights, timeless architecture meets casual luxury with a unique blend of townhomes and single-family homes located on Ventura’s westside. This family-friendly masterplan features three parks—an entry park with picnic tables and barbecues, a gated dog park and a central park with play equipment, outdoor seating and inviting relaxation and gathering space. Ventura’s coastal climate offers ample opportunity for outdoor activities with a vibrant harbor atmosphere, surfing and boating, biking at Los Padres National Forest, hiking in the Santa Monica wilderness and much more only a short drive away.

For young couples and families, Solana Heights provides access to a variety of Ventura public and magnet schools such as E.P. Foster Elementary, De Anza Academy of Technology and the Arts and Ventura High School. Solana Heights residents are perfectly situated close to local freeways including the US-101 and SR-33, sandy beaches, sought-after shopping and dining, Ojai and Santa Barbara. Prospective homeshoppers are encouraged to visit the Welcome Home Center at Barcelo for home tours located at 204 Chickasaw St. in Ventura. For more information, visit www.lennar.com or call 805-665-6085.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.

Roseville, Calif. – November 2018 – Lennar is thrilled to invite prospective home shoppers for a special sneak peek of the developing Sol Centre at Heritage Solaire. They will be hosting a Dusty Shoe Tour of the future amenity center on Saturday, September 3 from 10 a.m. to 12 p.m. and will also offer a light continental breakfast with coffee.

“We could not be more excited to start unveiling this incredible recreation center to homeowners and prospective home shoppers,” said Michelle Velky, Vice President of Sales and Marketing for Lennar Sacramento. “We are proud of the design of the Sol Centre for both its stunning architectural exterior appeal and extensive list of amenities it will offer once complete.”

The exclusive Sol Centre is Heritage Solaire’s future private clubhouse and modern recreation hub. Built on an approximately four-acre site, it encompasses 5,900 square feet of interior and exterior amenities. Interior amenities include gathering rooms, a club room, catering kitchen, bar area, state-of-the-art fitness center, exercise room, massage room, restrooms with showers and an on-site Activities Director to coordinate social and active events.

The exterior features will provide residents will everything they need to stay active, relaxed and refreshed. It includes a Jr. Olympic-sized swimming pool, spa, outdoor shower, tennis court, three pickle ball courts, lighted bocce ball court, community garden, pool patio area with seating, barbecue area with picnic tables, shade structure with outdoor bar, amphitheater and lawn area, lounge with fire table and a charming courtyard.

The Sol Centre is an embodiment of the lifestyle Heritage Solaire has to offer active adults. Heritage Solaire features three stunning collections of home designs created specifically for those aged 55 and better. A gated masterplan, Larissa, Meridian and Eclipse at Heritage Solaire all present three unique collections of single-story home designs that range in size from approximately 1,884 to 2,766.

Adding even more value, every home at Heritage Solaire comes complete with Lennar’s signature Everything’s Included® program and their Heritage-community specific Thoughtful Design® features — all included at no additional cost.

Introduced last year to all of Lennar Sacramento’s Heritage communities, Thoughtful Design® features include wider doorways and hallways, lower appliance design, extra lighting, taller ceilings, flat shower entries with hand-held shower accessories, reinforced backing in bathroom walls for future handrail placement and other details to accommodate changing lifestyle needs.

With Lennar’s signature Everything’s Included® features, homeowners will enjoy solar, stainless steel appliances, quartz countertops, upgraded cabinetry, Wi-Fi CERTIFIED™ Home Designs for whole-home connectivity and integrated home automation technology from today’s most trusted manufacturers.

Join Lennar for the Sol Centre Dusty Shoe Tour this Saturday from 10 a.m. to 12 p.m. at the Heritage Solaire Welcome Home Center, located at 4073 Afterlight Lane in Roseville. For more information call 916-580-6480 or visit www.lennar.com/sacramento.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com

Reno, Nev. – October 2018 – Set in a popular location in Northern Nevada, Lennar’s Sage Meadow and Dry Creek communities at Damonte Ranch are down to their final homes. There’s no better time than now to discover new single-family homes boasting impressive Everything’s Included® features, modern designs and surrounded by unparalleled recreational opportunities. Plus, with a wide selection of quick move-in homes available, you can be settled in your new home just in time for the holidays.

“Damonte Ranch is one of the most desirable locations in Reno and features a wonderful area for buyers looking for great recreation and beautiful scenery,” said Dustin Barker, Division President for Lennar Reno. “There’s something for families of every type at both of these communities, so come out, tour the models and find that home you’ve been searching for today.”

Sage Meadow has a wonderful single-story detached plan that is approximately 2,175 square feet of living space including four bedrooms, two and one-half bathrooms and is priced in the mid $400,000s. Dry Creek offers a distinct collection of two-story floorplans ranging in size from approximately 2,759 to 3,055 square feet of living space including three to four bedrooms, two and one-half to three and one-half bathrooms and start from the high $400,000s.

Designs reflect today’s lifestyles with open-concept layouts that make entertaining easy, upscale kitchens, sophisticated master bedrooms with spa-inspired bathrooms, first-floor master bedrooms for single-level living, spacious secondary bedrooms, covered patios for outdoor living and select plans offer flexible spaces like dens and lofts.

For buyers seeking a home to accommodate a dual living situation, Dry Creek showcases Lennar’s innovative Next Gen® – The Home Within A Home® where multiple generations can live comfortably under one roof. This home provides a private suite complete with its own entrance, living room, kitchenette and bedroom. It allows families to have their own separate space with the convenience of having each other together for those important moments.

Each new home includes a high level of today’s most popular upgrades and features through Lennar’s signature Everything’s Included® program. From slab granite countertops, stainless steel appliances, stunning maple cabinetry, home automation technology and much more, all is included as standard and at no additional cost to the buyer.

Spend time outdoors with the Damonte Ranch masterplan boasting more than 200 acres of nature including scenic wetlands, stunning views of the Sierra Nevada Mountains, greenbelts, community parks, hiking and biking trails. For more adventure, take a short drive to Lake Tahoe, find easy access to hiking areas, go fishing on the Truckee River or catch a game at a variety of golf courses. There’s also plenty of incredible dining and entertainment minutes away and in Sparks nearby.

With only a few homes remaining, interested homeshoppers are encouraged to visit these two communities and tour the model homes located at 10285 Rollins Drive in Reno. For more information, please visit www.lennar.com/reno.

About Lennar 

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.

Tucson, Ariz. – October 2018 – There’s no better time than now to discover your dream home at Starr Pass Vistas in Tucson, a stunning community showcasing luxurious estate-size homes nestled in the scenic Tucson Mountains. Find a home that’s right for you and your family with an array of thoughtfully designed floorplans with Everything’s Included® features for added luxury and style. Make your move today because right now, Starr Pass Vistas has incredible values on quick move-in homes that close by the end of November, meaning you can move in and host your family for the holidays in your new home. Contact a New Home Consultant to learn how you can save thousands!

“These single-story homes offer an incredible opportunity to purchase a brand-new home in a unique location in Tucson surrounded by incredible recreation and amenities,” said Tom Gansheimer, Division President for Lennar Tucson. “From the Marriot Resort Golf Course to numerous of walking trails available for you to keep active, your new home at Starr Pass Vistas offers an unmatched lifestyle.”

The captivating Starr Pass Vistas neighborhood offers five distinct floorplans for homeshoppers to choose from ranging in size from approximately 2,203 to 3,173 square feet of living space including four bedrooms, up to three and one-half bathrooms and up to three-car garages. Designed for the modern family, floorplans accentuate connectivity with open-concept layouts designed for entertaining, upscale kitchens with large islands, spacious secondary bedrooms, sophisticated master suites, charming laundry rooms, covered patios for outdoor living plus contemporary details throughout. New homes start from the high $300,000s.

Both The Oracle and The Revelation floorplans showcase Lennar’s innovative Next Gen® – The Home Within A Home® design that offers a convenient and comfortable solution to multigenerational or dual living situations. Attached to the main home is a private suite complete with its own entry, living area, kitchenette, bedroom and bathroom, perfect for avoiding elderly cost and moving your parents in or for long-term guests like returning children. It’s like having two homes under one roof!

You’ll discover an easier homebuying process at Starr Pass Vistas with each home featuring Lennar’s signature Everything’s Included® program that provides today’s most popular upgrades and features as standard. From stainless steel appliances, luxury granite countertops, upgraded and high-quality cabinetry and much more, all is included at no additional cost. The program now features Wi-Fi CERTIFIED™ home designs which means homes have been tested and approved by the international Wi-Fi Alliance to provide commercial-strength internet coverage throughout every room. The seamless coverage pairs well with the home automation technology also included to deliver a modern living experience.

When you’re not meandering through the walking trails or playing a game of golf at the Marriott Resort, there’s plenty of opportunity for adventure with first-rate recreational activities and a variety of entertainment, shopping and dining available only moments away from your new home. Take the family out to Reid Park with the Reid Park Zoo, visit the Pima Air & Space Museum or visit Old Tucson for some old-fashioned entertainment. There’s something for everyone in Tucson!

Prospective homeshoppers are encouraged to visit the Welcome Home Center and tour the model homes located at the intersection of Greasewood Road and Starr Pass Blvd. in Tucson. For more information, visit www.lennar.com/tucson or call 800-864-1055.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.

Seattle, Wash. – November 2018 – Lennar’s revolutionary Next Gen® – The Home Within A Home® was recently recognized in an article by The New York Times titled The New American Dream Home is One You Never Have to Leave, which highlighted the continue benefits of a multigenerational home. Since its inception in 2011, Next Gen® home designs have continued to become some of the most popular offered across Lennar communities.

“We’ve seen many different family types benefit from living in a multigenerational home. These families really love and value being able to see one another every day,” said Bill Salvesen, Division President for Lennar Seattle. “Whether it’s a family with young kids whose live-in grandparents act as full time nannies, young adults still living at home or aging grandparents who may benefit from living closer to family — Next Gen® floorplans are all about keeping these families together in a functional environment for both parties.”

Every Next Gen® home design includes an attached private suite that comes with its own separate entrance, living room, bedroom, bathroom and kitchenette. The layout also includes an interior lockable door between the two homes, which allows for as much direct access or privacy between the two residences as desired. Lennar Seattle is thrilled to offer several Next Gen® home designs:

Home shoppers can find Next Gen® homes at a majority of the communities Lennar Seattle builds across the Puget Sound. To start your search, visit www.lennar.com/seattle.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.