A big jump in new orders booked by Lennar (LEN +7.1%) lifts up shares of the company - as well...

|About: Lennar Corporation (LEN)|By:, SA News Editor

A big jump in new orders booked by Lennar (LEN +7.1%) lifts up shares of the company - as well as helping ring in bold double-digit gains for peers. Ticonderoga Securities analyst Stephen East explains all the fuss: "Orders are the crown jewel in this release, up 20% to 3,027, ahead of any Street estimate we are aware of." Homebuilder advancers: KBH +14.1%, MHO +12.1%, HOV +15.8%, BZH +6%.