Lennar sees Q4 gross margin consistent with current levels

theflyonthewall.com

Notes Q3 operating margins increased 350 basis points to 14.7%. Says margins continue to benefit from aggressive land acquisition strategy, as well as higher home prices and operating leverage. Says recent sales have seen a "mild increase" in the use of incentives on selected inventory, but that margins are "remaining steady." Comments from Q3 earnings conference call.

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