Construction Defect Journal Archives

Homebuilders' Record Deal Belies Industry's Anxiety About Taxes

November 2, 2017
Oshrat Carmiel - Bloomberg

Lennar Corp.’s record takeover of CalAtlantic Group Inc. is a bullish sign for homebuilding in the U.S. Trade groups, meanwhile, worry that lawmakers are about to kneecap the industry.

Lennar said on Monday that it agreed to buy CalAtlantic for about $5.7 billion in cash and stock, a deal that would be the largest merger of U.S. homebuilders. Miami-based Lennar, which will have a stock-market value of about $18.5 billion after the takeover, will leapfrog D.R. Horton Inc. to become the country’s largest builder.



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