By Ben Lane | Housingwire
On Monday, the homebuilders announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder.
In brief notes sent Tuesday to clients, Fitch and Moody’s noted the strength and size of the combined company as a significant benefit of the deal. The deal combines the nation’s 2nd and 5th largest homebuilders, based on the number of homes built.