Lennar profit surges on higher home sales

March 20 Wed Mar 20, 2013 6:15am EDT

March 20 (Reuters) - Homebuilder Lennar Corp's quarterly profit jumped nearly three-fold as home sale closings rose 28 percent.

Net income rose to $57.5 million, or 26 cents per share, in the first quarter, from $15 million, or 8 cents per share, a year earlier.

New orders rose 34 percent to 4,055 homes.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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