Lennar showed strong growth against the background of recovery in the US housing market and growth in housing prices. In the last quarter sales rose by 16% and the value of new orders grew by 20% to $ 2.3 billion. The company's profit totaled 223 million dollars against 177.8 in the same period last year. The average house price rose by 5% to 350 thousand dollars. Despite this, the margin fell to 24.1% against 25.2% last year. Given the rise in prices in the housing market, we expect growth of quotations of the company at 40-45% per annum in the medium term.