Jun
27
Lennar Sees ‘Solid Fundamentals’ Lifting Operations, Housing Market
ByCompany says concerns about rising interest rates and construction costs have been offset by low unemployment and increasing wages
Lennar Corp. said strong demand for new homes and higher selling prices drove earnings growth in the most recent quarter, as the nation’s largest home builder reported it has so far shaken off concerns about rising interest rates and construction costs.
Lennar executives worked to assure analysts on its earnings call Tuesday that it wasn’t seeing declining demand in the market, noting that customers are still able to afford homes and that the U.S. economy and job growth have been good…
Lennar Sees ‘Solid Fundamentals’ Lifting Operations, Housing Market
