Pacific Century Homes

Industry giant Lennar Corp. has reached a tentative agreement to acquire privately held Pacific Century Homes of Temecula in a deal that would create one of the Southland's biggest home builders. The move would allow Lennar to expand its Southern California base, largely in San Diego and Orange counties, and become a dominant player in Riverside and San Bernardino counties, analysts said.

Industry giant Lennar Corp. has reached a tentative agreement to acquire privately held Pacific Century Homes of Temecula in a deal that would create one of the Southland's biggest home builders. The move would allow Lennar to expand its Southern California base, largely in San Diego and Orange counties, and become a dominant player in Riverside and San Bernardino counties, analysts said.

BUILDING LEADERS 1995 Company Sales in millions *--* Rank 1995 Company 1995 1996 City, Key Officer Volume Projection 1 Kaufman & Broad Corp.* 432 ** Los Angeles, Bruce Karatz 2 Greystone Homes Inc. 293.9 ** Los Angeles, Jack R. Harter 3 Standard Pacific Corp. 266 ** Costa Mesa, Ronald R. Foell 4 Pardee Construction Co. 231 297.5 Los Angeles, David E. Landon 5 Lewis Homes Group of Companies 210.5 210 Upland, Richard A. Lewis 6 Centex Real Estate Corp.* 191 212.9 Corona, Larry B.

* Avery Dennison Corp. raised its forecast for second-quarter profit because of strong sales growth, more stable pricing and improved productivity. The Pasadena-based maker of adhesive labels and other products expects earnings of at least 72 cents a share, compared with analysts' average forecast of 58 cents and the company's previous projection of 66 cents to 71 cents. * Lennar Corp.

For the fourth year in a row, Kaufman & Broad Home Corp. tops the list of largest Southland home builders, according to The Times' 26th annual Survey of Residential Building in Southern California. K&B built 2,173 single-family homes, 867 apartments and 134 condos in Southern California in 1996, generating $413.7 million in revenue.

It's baaaaaack! Bumped out of the lead in 1998, Kaufman & Broad Home Corp. is back in the No. 1 spot on The Times' 1999 survey of residential building in Southern California. K&B, which completed its purchase of Lewis Homes last year and is now the nation's largest builder, reported sales volume of $890 million on sales of 3,618 single-family homes in the Southland. Lennar/Greystone, which topped the '98 survey, ranks No.

It's baaaaaack! Bumped out of the lead in 1998, Kaufman & Broad Home Corp. is back in the No. 1 spot on The Times' 1999 survey of residential building in Southern California. K&B, which completed its purchase of Lewis Homes last year and is now the nation's largest builder, reported sales volume of $890 million on sales of 3,618 single-family homes in the Southland. Lennar/Greystone, which topped the '98 survey, ranks No. 2 in the '99 survey, with revenue of $754 million on sales of 2,113 homes and condos.

The race is getting closer, but Kaufman & Broad Home Corp. is the Southland's largest home builder for the fifth year in a row, according to The Times' 27th annual Survey of Residential Building in Southern California. K & B built 2,117 single-family homes, 179 apartments and 44 condos in Southern California in 1997, generating $409 million in revenue. The No. 2 builder, Lennar Homes, built 1,296 houses and reported revenue of $374.9 million, only $34.1 million behind K & B. Last year's No.

BUILDING LEADERS 1998 Rank: 1 Company: Kaufman & Broad Home Corp.* City, Key Officer: Los Angeles, Bruce Karatz Sales in millions, 1998 Volume: $498.0 Sales in millions, 1999 Projection: $700.0 Total units constructed in 1998: 2,350 Single Family Units constructed in 1998: 2,350 Condos constructed in 1998: 0 Apts. constructed in 1998: 0 Year End Inventory: 103 * 1998 Rank: 2 Company: Pardee Construction Co. City, Key Officer: Los Angeles, David E. Landon Sales in millions, 1998 Volume: $435.