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More on Lennar (LEN): Deliveries +28% Y/Y, New Orders +44%, Backlogs +79%. Gross margin of...

More on Lennar (LEN): Deliveries +28% Y/Y, New Orders +44%, Backlogs +79%. Gross margin of 23.2%, +210 basis points. "The housing market has stabilized and the recovery is well underway," says a clearly excited CEO Stuart Miller, who - other than noting rising materials and labor costs - can't find even a slightly cautious thing to say. Shares +6.2% premarket. (PR)

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