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Lennar construction costs drop 14 percent over three years, Lance Lambert notes

Lennar construction costs drop 14 percent over three years, Lance Lambert notes
Lennar sees construction costs drop

Lance Lambert reports that Lennar, a major homebuilder, has seen its construction cost per square foot decrease by 14 percent over the past three years.

However, Lennar believes this period of cost softening has likely ended as labor availability is beginning to tighten. The company points to factors such as the data center boom and changes in international immigration as influencing current market conditions.

Lambert has recently reported on shifts impacting homebuyers and lenders. U.S. 30-year fixed mortgage rates have climbed to 7.17 percent, up from 6.35 percent a year ago, as noted in his recent coverage. He also covered Roam's decision to exit its marketplace for homes with assumable eligible mortgages in a separate article.

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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