invest1 publisher
Discounts to move new homes have halved Lennar's gross margin since 2022
Builders held 487,000 new single-family homes for sale in August, 8.5 months of supply, while sales stayed at 2019's pace of 57,000. Lennar keeps its homes selling at a net price 24% below 2022, on a gross margin that has fallen to 15.8% from 29.2%.
Publishers:wolfstreet.com
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