|Bid||51.62 x 800|
|Ask||54.59 x 800|
|Day's Range||53.04 - 54.10|
|52 Week Range||37.29 - 55.77|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||9.71|
|Earnings Date||Jun 24, 2019 - Jun 28, 2019|
|Forward Dividend & Yield||0.16 (0.31%)|
|1y Target Est||57.63|
LendingTree Chief Economist Tendayi Kapfidze talked to Yahoo Finance On the Move about the latest housing starts results.
Residential starts increased 5.7% to a 1.24 million annualized rate after a 1.7% gain in March that was previously reported as a drop, according to government figures released Thursday. Permits, a proxy for future construction, advanced 0.6% to a 1.30 million rate. Key InsightsStarts and permits were both the strongest in three months, suggesting a brighter outlook for the sector amid lower mortgage rates and the Federal Reserve’s patience on borrowing costs.
While many Wall Street firms are looking for equities than can weather a short-term trade conflict, Bank of America has screened more stringently for a hardier group of stocks: ones that can survive a worst-case or "full-blown" trade war between the world's two economic superpowers.
Lennar's multifamily arm also is moving forward on an apartment project closer to downtown Houston.
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Mixed-Use Apartment Community Adds 432 Apartment Homes, Retail to South End Neighborhood CHARLOTTE, N.C. , May 9, 2019 /PRNewswire/ -- LMC , a leader in apartment development and management, today announced ...
Lennar Corp NYSE:LEN.BView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for LEN.B with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LEN.B. Money flowETF/Index ownership | NeutralETF activity is neutral. The $357 million in inflows that ETFs holding LEN.B received over the last one-month is a decline from earlier in the period and among the weakest of the past year. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. LEN.B credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
MCCORDSVILLE, Ind., May 6, 2019 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today the grand opening of two new collections of homes within McCord Pointe, a stunning new community in McCordsville, Indiana. The Stillwater collection will offer five ranch-style home designs for empty nesters while the Kingston collection will feature seven two-story home designs for growing families or first-time homebuyers. All of the home designs boast spacious floorplans, state-of-the-art technology and a simplified homebuying process through Lennar's Everything's Included® program.
Single-family housing starts remain well below potential despite the slowdown in the rise in home prices. The National Association of Home Builders announced April 16 that its Housing Market Index for April rose a point to 63. On April 22, the U.S. Census Bureau and the Department on Housing and Urban Development released housing starts for March.
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The acquisition comes nearly two months after the company started construction of a luxury, two-tower project on Seattle's First Hill.
Permits filed with the city of Houston show the nation’s largest homebuilder is moving forward with plans for a new apartment project at 2000 Taylor St., across the street from the Target shopping center near Interstate 10 and Interstate 45. An entity tied to Miami-based Lennar Corp. filed permits totaling $44.8 million for the project named Crest at Taylor in April. The filing listed the estimated cost as $52.3 million, the Houston Business Journal previously reported.
The first quarter was tougher than management had hoped, but lower interest rates are bringing buyers back to the housing market.
RALEIGH, N.C., April 26, 2019 /PRNewswire/ -- Lennar Corporation (NYSE:LEN and LEN.B), one of the nation's leading homebuilders, today announced that it has closed on a lot purchase agreement with Level Homes. As a result of the transaction, Lennar now controls an additional 1,602 new homesites across seven communities throughout the Raleigh market including 5401 North, Willow Oak and Meadowbrook. "Raleigh is a very important market for Lennar and this acquisition expands our footprint and supports our growth plans in the Triangle," said Troy George, Raleigh Division President for Lennar.
Lennar (LEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
D.R. Horton's (DHI) industry-leading market share, broad geographic footprint and affordable product offerings across multiple brands aid the company to post better-than-expected fiscal Q2 results.
Investing.com - Homebuilder D.R. Horton fell sharply on Thursday after its better-than-expected quarterly results were offset by pessimistic outlook on revenues.
The Onni Group wants to build the tallest building in the East Bay, but some Emeryville residents aren't so sure.
Few industries have staged a more remarkable turnaround during the past six months than home builders, and with the promise of low interest rates, a healthy consumer and data showing new home sales surging, it looks like blue skies ahead for the home construction industry. The central question for investors in these stocks, experts say, is whether home builders can cater to the pent-up demand for affordable, entry-level homes as the millennial generation enters its prime home-buying years. “Affordability of housing is the key factor,” Pat Tschosik, senior sector strategist at Ned Davis Research, told MarketWatch.
As some homebuilders and home-improvement retailers start to roll out their Q1 earnings results, we might see the soft numbers in housing starts and residential building permits over the first months of the year coming home to roost as weak housing market trends persist. Remember that housing starts tumbled 8.7% in February, and building permits were down 1.6% as well, according to the Commerce Department. Unfortunately, we’re not sure yet how accurate those February housing starts and building permit numbers were.
Higher demand resulting from a decline in mortgage rates aids PulteGroup (PHM) to post better-than-expected Q1 results. However, higher costs pose a risk.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Andy Serwer join Interactive Brokers Chief Strategist Steve Sosnick and LendingTree Chief Economist Tendayi Kapfidze to discuss.