The nationwide homebuilder’s stock has risen 89.9 percent this year.
Locally, the Florida-based homebuilder is marketing seven new-home communities in the Santa Clarita Valley and is part owner of The Newhall Land and Farming Co.
Most homebuilder shares rose Tuesday on the news that the National Association of Home Builders/Wells Fargo Builder Sentiment Index rose 2 points in December to 47 – the highest level since April 2006 when the housing market started to crash. Levels below 50 are considered weak, so there is still some ground to make up.
Lennar Stock Hits 52-Week High
