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Lennar Average Sales Price Decline Returns Homes To 2017 Levels As Profits Halve
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Lennar Average Sales Price Decline Returns Homes To 2017 Levels As Profits Halve
The consensus read on Lennar‘s latest results is that the Lennar average sales price decline is a deliberate, strategic trade-off: sacrifice the margin, protect the volume, wait for the cycle to turn. That framing is not wrong, exactly. It is just rather more flattering than the underlying numbers warrant. Volume Holds, but the Profit Account Tells a Different Story Lennar delivered 20,519 homes in its second quarter, up 2% year-over-year. Reven…
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