DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Joel Kan - 1 Andrew Kelly - 1 Carl Reichardt - 1 Matthew Bouley - 1 James Egan - 1 Morgan Stanley - 1 Egan - 1 homebuilders - 1
Top related locs:
Morristown Morristown , New Jersey U.S Bengaluru
Top related orgs:
Lennar Corporation - 2 Mortgage - 1 Mortgage News - 1 CNBC - 1 REUTERS - 1 Federal Reserve Economic - 1 Lennar - 1 PulteGroup Inc - 1

Search resuls for: "Lennar Corporation"


4 mentions found


☆ Mortgage demand falls to the lowest level since 1995 as interest rates near 8%
  + stars: | 2023-10-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +1 min
Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995. Total application volume fell 6.9% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home dropped 6% week to week and were 21% lower than the same week one year ago. ARMs offer lower rates and can be fixed for up to 10 years before the rate resets. Mortgage rates moved even higher to start this week, with the 30-year fixed hitting 7.92% on Tuesday, according to Mortgage News Daily.
Persons: Joel Kan Organizations: Lennar Corporation, Mortgage, Mortgage News, CNBC Locations: Morristown, Morristown , New Jersey
☆ Large US homebuilders raise prices as existing home supply remains tight
  + stars: | 2023-08-25 | by ( Ananta Agarwal | ) www.reuters.com   time to read: +3 min
It is thereby squeezing the pool of existing homes, which are typically more affordable than new construction. Public homebuilders on average have raised prices in about two-thirds of their communities, said BTIG analyst Carl Reichardt. This comes as the pricing gap between existing and new homes has narrowed, following a price appreciation in the resale market. "When the existing home market is seeing a price appreciation, it supports pricing power for new construction." However, as a consequence of recovery in new construction prices since last year, "affordability is close to its worst levels in at least the last three decades," said James Egan, Morgan Stanley housing strategist.
Persons: Andrew Kelly, Carl Reichardt, Matthew Bouley, James Egan, Morgan Stanley, Egan, homebuilders, BTIG's Reichardt, Ananta Agarwal, Shinjini Organizations: Lennar Corporation, REUTERS, Federal Reserve Economic, Lennar, PulteGroup Inc, U.S . Census, National Association of Realtors, Barclays, Thomson Locations: Morristown, Morristown , New Jersey, U.S, Bengaluru
☆ One of America's largest homebuilders just opened its first community in the metaverse as more homebuyers in the real world cancel their orders
  + stars: | 2023-01-18 | by ( Robert Davis | ) www.businessinsider.com   time to read: +5 min
The LA-based builder KB Home opened a first-of-its-kind community in the metaverse on January 17. KB Home's virtual community allows customers to personalize some of the company's model homes to their preferences, from changing the architectural style to customizing the interior design. Different customizable home types offered in KB Homes' metaverse community Courtesy of KB Homes"We know consumers are increasingly immersing themselves and spending more time in virtual spaces," KB Home's CEO Jeffrey Mezger said in the announcement. To combat these issues, Rob McGibney, KB Home's chief operating officer, told investors that the company is focusing on moving homes "as efficiently as possible through the construction cycle." The metaverse community can help alleviate some of these issues by allowing customers to design their new home online before KB begins building it in the real world.
☆ Lennar quarterly profit rises on strong demand for homes
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterSignage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, U.S., November 13, 2021. REUTERS/Andrew KellySept 21 (Reuters) - Homebuilder Lennar Corp (LEN.N) on Wednesday reported a 4.3% rise in quarterly profit, benefiting from record-high property prices as demand far outpaced supply that was crippled by raw material and labor shortages. Existing home prices for all housing types in July touched $403,800, up 10.8% from a year ago, according to a report from the National Association of Realtors. Miami-Florida based Lennar posted an about 29% rise in quarterly revenue to $8.93 billion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes and Priyamvada C in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
0 next >>
Total: 4