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COPYRIGHT 2004 The Miami Herald
Byline: Douglas Hanks III
Mar. 31--Lennar boasted of its bank book Tuesday, telling stockholders that more than $2 billion in cash and ready credit leave the Miami-based home-building giant ready to scoop up land and companies.
With buildable acreage shrinking and developers eager to capitalize on a growing population, home builders point to land availability as a top hurdle in their pursuit of new sales and bigger profits.
To that end, Lennar has spent the last several years buying up smaller...
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