Lennar - Construction Company Benefits From Prospect of Recovery in Construction Demand!
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Business drivers: Lennar (LEN) is one of the leading residential construction companies in the USA. In light of declining mortgage rates, demand in the core business for single-family and multi-family homes has recently shown a significant increase, with Lennar recently surprising positively in the last Q2 with a remarkable rise of 19% to 21,293 homes in new orders. Given the increasingly positive outlook for the US real estate market, Lennar is likely to benefit significantly as one of the leading providers of single-family and multi-family homes....
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