Lennar leads homebuilders’ stock improvements

Miami-based Lennar, one of the nation’s largest homebuilders, saw its stock price increase today after an Institute for Supply Management service-sector index showed positive movement, according to the South Florida Business Journal. The company’s shares gained $1.75, or 7.39 percent, reaching $25.43 in late afternoon trading. On Friday, Lennar’s average trading volume hit 15.8 million over last month’s average of about 7.3 million shares. Several homebuilders experienced improved share prices today, including Pulte Group and D.R. Horton. [SFBJ]