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High rates have prompted builders to offer a variety of incentives from mortgage rate buydowns to price reductions. Lennar cut its average sales price to $413,000 during the quarter, an 8% drop ...
The U.S. housing market has struggled to rebound after being knocked down by a resurgence in mortgage rates in the spring. The 30-year fixed mortgage rate tracks the benchmark 10-year Treasury ...
After a tough fourth quarter, Lennar's chairman, Stuart Miller, said December's interest rate drop spurred a surge in customer traffic through its model homes. That could bode well for the broader ...
LOS ANGELES (AP) — Americans looking to buy a newly built home this spring are likely to get a helping hand with their mortgage rate and other costs. Many homebuilders are offering buyers valuable incentives like paying down their mortgage rate, covering closing costs or even throwing in “flex dollars” that home shoppers can put toward ...
Mortgage rates also aren't helping buyers, offering a key opportunity for builders. ... Although the average sales price on homes is down 10% from last year, Lennar expects pricing to remain ...
JMP Securities analyst Aaron Hecht reiterated a Market Outperform rating on the shares of Lennar Corp (NYSE: LEN) and lowered the price target to $115 from $130. The analyst said the company beat ...
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