The first quarter was a monumental one for Lennar (NYSE:LEN) (NYSE:LEN-B) as the company completed its $9.3 billion deal for CalAtlantic, which made Lennar the largest U.S. housebuilder. While we didn’t see a full quarter of the combined company, the impact of the deal was apparent up and down the company’s most recent earnings release. Let’s take a look at the company’s most recent earnings release and see what it means for America’s largest homebuilder for the rest of the year.

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Source: The Motley Fool