Lennar Homes Becomes Southern California’s Top Builder in 2007

Southern California, January 31, 2008 - Publically held homebuilder Lennar finished 2007 as the homebuilder selling the most new homes in Southern California.

The Southern California market is comprised of 7 regions, San Diego County, Inland Empire (East Riverside, West Riverside and San Bernardino Counties), Orange County, and Los Angeles (includes Los Angeles and Ventura Counties). According to MarketPointe Realty Advisor’s ResidentialTrends, Lennar had 2,555 sales, while KB Home came in second posting 2,339 sales.

Lennar captured 7.89 percent of the market. KB Home followed closely behind Lennar, capturing 7.22 percent of the new home buying market. Centex Homes ranked third, followed in fourth place by Standard Pacific Homes. Builder sales ranking changed quite a bit in the second half of the year, leading to the final 2007 results. Final new home sales results included single family detached, multi-family attached, and condominium conversions.

Total 2007 new home sales for the Southern California region were 32,379. Top Twenty-Five Builders for the entire Southern California, as well as a break out by region can be found in the Annual Southern California Housing Market Report, published by MarketPointe Realty Advisors. All housing information was extracted from ResidentialTrends.

MarketPointe Realty Advisors ResidentialTrends is a quarterly publication, and is considered the most comprehensive and detailed audit of new residential activity in California, from an unbiased, yet knowledgeable source. ResidentialTrends has been published for three decades. Phone 619-233-3781 for detailed housing information. www.marketpointe.com

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Russ Valone

President

MarketPointe Realty Advisors

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