Real Estate News: Lennar CalAtlantic Group Merger

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Here are some interesting stats from a recent Triangle Business Journal article reporting that two Triangle Builders, Lennar and CalAtlantic, are merging:

  • “average price of Lennar homes in the Triangle top $324,000”
  • “CalAtlantic builds homes with an average price of $425,000”
  • “As of the third quarter, CalAtlantic had about 5.5 percent of the market share of new homes under construction in the Triangle”
  • “In 2017, Lennar has been increasing its land inventory in the Triangle. Early this year, the company bought a 225-acre family-owned farm in Apex for $26 million.”

Read the full article…

Triangle Business Journal Article

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