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South Florida

Lennar loss widens

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Miami-based homebuilder Lennar lost 98 cents a share in the first quarter of the year, worse than Wall Street analysts expected. The builder, the country’s fourth largest, said it had to write down the value of its land holdings and reported a 28 percent drop in orders for new homes. The U.S. Commerce Department reported a 41 percent decline in new home sales for February.