LEN - Is Lennar's Future Built On Shifting Sands?
2024-06-18 16:39:16 ET
Summary
- Lennar Corporation is the second-largest home builder in the US and has seen significant growth recently.
- However, challenges such as elevated mortgage rates and rising resale inventory are impacting the housing market and home builders like Lennar.
- Despite solid fundamentals, caution is advised due to shifting market dynamics and potential risks, leading to a Hold rating for Lennar shares.
Introduction
It's time to talk about home builders - one home builder in particular.
The Lennar Corporation ( LEN ) is America's second-largest home builder and one of the best-performing S&P 500 (SP500) stocks over the past five years.
Going back to 2019, LEN shares have more than tripled, outperforming the S&P 500 by more than 100 points....
Is Lennar's Future Built On Shifting Sands?