Under the terms of the deal, Lennar, the nation’s second-biggest builder in terms of closings, would acquire CalAtlantic (No. 5 in terms of closings) to create the country’s largest home building enterprise by revenue—$17.3 billion in 2016 revenues, according to our Builder 100 data. D.R. Horton reported gross revenue of $12.6 billion in 2016.
On a national level, the numbers are impressive, but what impact will the acquisition have on the top local markets across the country? Read more at BuilderOnline.com.