US New-Home Sales Fell in August as Buyers Awaited Lower Rates [BNN Bloomberg (Canada)]
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
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Source: BNN Bloomberg
New single-family home sales decreased 4.7% last month to an annualized rate of 716,000 after rising at the fastest pace since early 2022, government data showed Wednesday. The median estimate in a Bloomberg survey of economists called for a 700,000 pace. The median sales price, meantime, decreased 4.6% from a year earlier to $420,600. That marked the seventh straight month of annual price declines, extending what was already the longest streak since 2009. It mainly reflected fewer sales of homes priced above $500,000. Despite the decline in sales, sentiment in the housing market is looking up. Mortgage rates are at the lowest level in two years, driven down by expectations of a series of Federal Reserve interest-rate cuts. That's boosted morale among both consumers and homebuilders, whose outlook for future sales turned positive this month for the first time since May, according to an industry survey. And shares of construction-related stocks have been trading near all-time hi
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LEN
Earnings
- 9/19/24 - Beat
LEN
Sec Filings
- 11/12/24 - Form SC
- 10/29/24 - Form 4
- 10/28/24 - Form 144
- LEN's page on the SEC website