Lennar ( LEN) is trending as the homebuilder reported fiscal third-quarter revenue skyrocketed on demand for new houses. Lennar reported net income of $87.1 million, or 40 cents a share, up from $20.7 million, or 11 cents a share, a year earlier, beating expectations. The company's revenue was the highest in nearly four years. According to Lennar CEO Stuart Miller, "The housing market has stabilized and the recovery is well underway." Lennar said orders rose for the sixth quarter in a row as buyers took advantage of lower interest rates. The company also reported higher deliveries and backlog across its regions. Lennar is the third-largest U.S. homebuilder.
Village Voice is another popular search. Village Voice Media, which operates the newspaper chain, is set to split from its Backpage.com online advertising site. Backpage has been the subject of criticism and controversy for its "adult" classified section, which some have said facilitates sex trafficking. Dozens of advertisers have dropped their accounts with the company, as Backpage has been the focus of a campaign urging advertisers to do so.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.