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Lennar Remembers What Profit's Like

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In the words of the Wall Street Journal, this is market-stunning news: megabuilder Lennar posted a profit after two years in a row of losses. Lennar bears on its big, broad shoulders the very unique responsibility of completely rebuilding Hunters Point and Treasure Island with thousands of new homes, so it's kind of crucial that the company does well, given that the city itself has its own money problems. Lennar's CEO, spreading the good cheer on their newfound profitability: "I feel comfortable today saying that this is a trend and not an anomaly." [ABC News, WSJ]