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Latest LEN News From Around the Web
Below are the latest news stories about Lennar Corp that investors may wish to consider to help them evaluate LEN as an investment opportunity.
The Dow Jones Industrial Average moved higher as the Federal Reserve announced interest rates will remain near zero until at least the end of 2023.
Millennials are finally getting married and forming families. And that means they'll want to buy a place to live. Here's where to invest.
By Liz Moyer
For his second "Executive Decision" segment of Mad Money Tuesday evening, Jim Cramer spoke with Stuart Miller, executive chairman of homebuilder Lennar Corp , which saw its shares plunge 3.9% despite a better-than-expected quarter that included strong guidance for the rest of 2020. Keeping that in mind, I find that sometimes Wall Street pays too much attention to just one day's movement.
Lennar Corporation (NYSE:LEN) just released its third-quarter report and things are looking bullish. It was overall a...
LEN earnings call for the period ending June 30, 2020.
Stocks were up slightly on Wednesday morning ahead of the FOMC's policy statement and comments from Fed Chairman Powell. The Commerce Department reported that retail sales rose 0.6% in August, compared to 0.9% in July. Automobile sales rose 0.2% and 4.7% at bars and restaurants. The Dow rose 0.8%, the S&P 0.6%, and the Nasdaq rose 0.1%. Crude oil traded near $40 per barrel, while gold rose $10 to $1976 per ounce.
Lennar Corp. based in Miami, is one of the two largest builders of homes based on the purchase of CalAtlantic and 51,491 closings, across 20 states, in FY19. Rival D.R. Horton actually delivered more homes, but Lennar ranks number one in revenue helped by an average sales price that is about $100,000 higher. The company's East region is its biggest, contributing 41% of deliveries. Lennar builds, step-up (68% of closings), entry level (28%) and retirement (4%) homes with an average selling price of $400,000. The company also provides mortgage financing. Lennar's Multifamily business develops and manages apartment complexes through joint ventures. Homebuilding represented 93% of the $22.3 billion in FY19 revenue. It is also the biggest contributor to pre-tax earnings. The company&...
Lennar Corporation (LEN) Q3 2020 Earnings Conference Call September 15, 2020 11:00 AM ET Company Participants Alexandra Lumpkin - Associate General Counsel Stuart Miller - Executive Chair Diane Bessette - Chief Financial Officer Rick Beckwitt - Chief Executive Officer Jon Jaffe - President Conference Call Participants Ivy Zelman - Zelman...
"With the housing expansion, you see job opportunities open up," Lennar Executive Chairman Stuart Miller said while discussing earnings on "Mad Money."