Quit simply homebuilders are a safe investment, trading at extremely low P/E ratio's while in turn new home sales are near a 12 year high.
The reduction in interest rates have had a immediate effect on demand, to the point that demand is outpacing supply.
First time buyers are back in the market making the big jump when conditions are so favourable.
The refinancing of existing finance is also increasing demand as others decide to upscale.
P/E RATIO 9.6
SHORT INTEREST 4.5%
AVERAGE ANALYSTS RATING BUY
AVERAGE ANALYSTS PRICE TARGET $60
COMPANY PROFILE
Lennar Corp. is a homebuilder company, which engages in the provision of real estate related financial and investment management services. It operates through the following segment: Lennar Financial Services, Lennar Multifamily and Rialto. The Lennar Financial Services segment focuses on the mortgage financing, title insurance and closing services for both buyers of homes and others. The Lennar Multifamily develops, constructs and manages property of multifamily rental. The Rialto segment involves in raising, investing, and managing third-party capital, originating, and selling into securitizations commercial mortgage loans. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL
The reduction in interest rates have had a immediate effect on demand, to the point that demand is outpacing supply.
First time buyers are back in the market making the big jump when conditions are so favourable.
The refinancing of existing finance is also increasing demand as others decide to upscale.
P/E RATIO 9.6
SHORT INTEREST 4.5%
AVERAGE ANALYSTS RATING BUY
AVERAGE ANALYSTS PRICE TARGET $60
COMPANY PROFILE
Lennar Corp. is a homebuilder company, which engages in the provision of real estate related financial and investment management services. It operates through the following segment: Lennar Financial Services, Lennar Multifamily and Rialto. The Lennar Financial Services segment focuses on the mortgage financing, title insurance and closing services for both buyers of homes and others. The Lennar Multifamily develops, constructs and manages property of multifamily rental. The Rialto segment involves in raising, investing, and managing third-party capital, originating, and selling into securitizations commercial mortgage loans. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL