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Lennar Corporation (LEN)

NYSE - Nasdaq Real Time Price. Currency in USD
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83.82+3.40 (+4.23%)
As of 12:43PM EST. Market open.
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  • I
    Investor
    Simple question—will an interest rate increase stop a first time home buyer from buying a house?
    Bullish
  • I
    Investor
    What’s wrong with Lennar?
  • W
    Williamson
    Inventory in metro Denver is the lowest it has ever been with just 1,200 homes on the market, according to Denver Metro Association of Realtors (DMAR).

    In January, homes stayed on the market just five days. That’s down from an average of 24 days in January 2020.
    Bullish
  • C
    Charles
    In the Dallas market Lennar is sold out of homes and buildable lots until they catch up. This is a cash machine for at least the next year until production can catch up with demand.
    Bullish
  • M
    Mike
    National Association of Realtors, Chief Economist "there's been an increase in permits & requests to build homes" - Feb '21
  • A
    Anonymous
    whats going on with hov Its been soaring
  • W
    Williamson
    First American's Chief Economist Odeta Kushi says housing-demand dynamics offset the negative impact of the country's limited supply of for-sale homes.

    "Millions more millennials will age into their prime home-buying age in 2021, and they will do so at a time of historically low mortgage rates,” said Kushi. “Working against them is the extremely limited supply of existing homes available for sale, especially homes priced for first-time homebuyers. In January, the positives of market demand overcame the negatives of supply, fueling a boost of approximately 512,000 potential home sales relative to one year ago."

    The lack of existing homes available for sale reportedly remains the only drag on housing market potential. There is a fear among homeowners that, despite wanting to upgrade, they won't be able to find a new home in this tight market. New construction will help, but "much more is needed."
  • C
    Craig
    Typical overreaction in the market. Interest rates will go up some, but still be historically low and there will be an awesome building season ahead!
    Bullish
  • T
    Tyrone
    Well it’s obviously time to bounce... home sales will be in the can for next 2 years
    Bearish
  • W
    Williamson
    There are barely any homes in the resale market. New construction is the only sustainable path forward.

    From Redfin

    "With more and more homes going off the market before buyers have had a chance to tour them, it has never been more important for homebuyers to be well prepared," said Redfin chief economist Daryl Fairweather. "That means setting alerts to let you know immediately when homes hit the market and going to see them ASAP or having a plan in place with your agent to make an offer sight-unseen. Buyers with flexibility on timing and location may also want to consider new construction, which made up 22% of homes for sale in December—the highest share on record. An advantage of homes sold by builders is that typically the price is the price, and they are sold on a first come, first served basis. So while you still need to be prepared to act quickly when a new-construction home becomes available, you don't have to worry so much about competing in a bidding war with escalating prices."
  • D
    David
    Zillow is up sharply this morning on their quarterly and comments they made. Over 2 million daily users! The search for houses remains through the roof - new and resale. Go LEN!
    Bullish
  • W
    Williamson
    Housing shortage as Case-Shiller Dec prices rose an average of 10.1% in their 20-city index. Biggest gains were in Phoenix, Seattle and San Diego.
  • D
    David
    Williamson - My cost is 42, and I have known the company since 1995. We need to educate some folks here. The three largest holders are the cream of the crop - Fidelity, Black Rock, and Vanguard. They hold 27% of the "A" shares. After that it drops off. sharply. Plenty of room for more institutional folks. At the latest report, only 3.0% of the "A" float was short, so by now we probably aren't getting much help from the folks not smart enough to have covered.
    Bullish
  • M
    Mike
    Good morning to buy more - can pop 15% just getting back to where it was in early Feb
  • W
    Williamson
    There were 1.04 million homes for sale at the end of January, a 26% drop from a year ago. At the current sales pace, there is now a 1.9-month supply, the lowest since the Realtors began tracking this metric in 1982. One year ago there was more than a 3-month supply.
  • M
    Mike
    This stock may get knocked back & forth while we wait for this years new build season to warm up. When it does there will be an avalanche of news stories about pent up housing demand & low existing inventory -
  • M
    Mike
    Everyone in real estate knows that the minute interest rates rise a little is when the most building contracts get signed. It actually motivates folks to stop procrastinating. You'll see a mad increase in activity.
  • M
    Mike
    just killin time while LEN secures a bunch of new build contracts, a bunch
  • J
    Jay
    Why is it that small investors can never sell at the top? When I read these comments, I just shake my head in disbelief. OF COURSE this stock is going to come crashing down. Just look at the 30 day chart the one year chart stock prices. It's all based on low interest rates forever, lower mortgage rates forever. Well that all stopped today and there was a giant sucking sound in Lennar stock. If You have any chance to get out at around $88, run for your life!
    Bearish
  • J
    John
    If you own Lennar stocks, check out MITI. They're a subsidiary of Lennar, and will be opening their first clinic February 1st, called The Good Clinic. It's an OTC stock, but worth looking into.
    Bullish