MIAMI -- Shares of major U.S. homebuilders rose Thursday after Lennar's (LEN - Get Report) second-quarter earnings report showed a significant spike in sales of completed homes and new orders compared with the prior three-month period.Lennar reported Thursday a 47% increase in sales of completed homes and a 63% jump in orders from the first quarter. Lennar also reported a 15% cancellation rate for the second quarter, considerably smaller than the 22% posted in the same quarter last year.
Homebuilder Winners and Losers: Lennar
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