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Lennar average selling price falls 24.4% since 2022 peak, Lance Lambert notes
Lance Lambert reports that Lennar, a major homebuilder ranked No. 135 on the Fortune 500, has experienced a 24.4% decline in its average home selling price net of incentives since its peak in 2022.
According to Lambert, the decrease is attributed to a combination of larger incentives, a shift toward smaller home builds, and outright home price cuts. Data for this trend was provided by Residential Club.
Earlier this year, Lambert reported that Berkshire Hathaway plans to acquire Taylor Morrison, another major U.S. homebuilder, in an $8.5 billion deal. Lambert has also noted that single-family home prices in the Seattle metro fell 2.2% year-over-year based on data from the Freddie Mac House Price Index. Both developments show notable movements among large builders and regional markets.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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