Lennar & CalAtlantic Post-Merger Lot Position Snapshot

Last month, Lennar and CalAtlantic, the second and fifth largest homebuilders in the U.S. announced their intention to merge. As we reported, the combined entity will be the number one homebuilder in the country based on revenue ($17B in 2016 revenues, according to our Builder 100 data), a tight number two to D.R. Horton in closings and will control over 250,000 homesites.

This merger’s impact on local lot positions will also substantially affect the playing field for land in many markets across the country. Using Metrostudy’s proprietary survey research, which includes tracking 826K vacant developed lots, and more than 7.6M future lots and land across the country, we can see that, in Florida in particular, the new combined entity will be dominant in land position. On the two charts below you’ll find lot counts by market shown as bars, and on the second axis, the percentage of the lots in the market that the new entity will own.

Vacant Developed Lots

Vacant Developed Lots are the lots that have streets and utilities in place, ready for a home to be built.


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Future Lots

Future lots are lots that are planned but have not yet developed with any or all infrastructure such as streets and utilities.


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