See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Natural Disasters
Eid
Democratic Party
Social Media
Republican Party
US Politics
Tariffs
Donald Trump
Education
Artificial Intelligence
Senate
Baseball
Published • loading... • Updated

Homebuilders KB Home, Lennar Cut Prices As Buyer Demand Has 'Slowed Materially' - KB Home (NYSE:KBH)

Summary by Benzinga
Homebuilders are sounding the alarm on the state of American consumers, as sales depend on increased incentives and lower home prices.  What To Know: Lennar Corp. (NYSE:LEN) and KB Home (NYSE:KBH) each reported disappointing first-quarter financial results in the past week. Both companies pointed to slowing "actionable demand" from homebuyers on earnings calls with analysts.  Lennar Co-CEO Stuart A. Miller listed several factors contributing to …

4 Articles

All
Left
1
Center
2
Right
Wolf StreetWolf Street
Center

New “Spec” Houses for Sale Jump 34% YoY, Highest since 2009. In the South, Inventory of New Houses at Record Highs for Months, in the West Jump to Highest since 2007

Bring on the new houses! Prices drop amid homebuilders’ efforts to sell the inventory.

Read Full Article
BenzingaBenzinga
Center

Homebuilders KB Home, Lennar Cut Prices As Buyer Demand Has 'Slowed Materially' - KB Home (NYSE:KBH)

Homebuilders are sounding the alarm on the state of American consumers, as sales depend on increased incentives and lower home prices.  What To Know: Lennar Corp. (NYSE:LEN) and KB Home (NYSE:KBH) each reported disappointing first-quarter financial results in the past week. Both companies pointed to slowing "actionable demand" from homebuyers on earnings calls with analysts.  Lennar Co-CEO Stuart A. Miller listed several factors contributing to …

·New York, United States
Read Full Article
Fast CompanyFast Company
Lean Left

Housing markets in Florida and Texas are so weak that builder Lennar spent the most on buyer incentives since 2009

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Lennar—the nation’s second-largest homebuilder—told investors on Friday that their spring selling season is off to a soft start. “We do not see the seasonal pickup typically associated with the beginning of the spring selling season. So we continue to lean into our machine focusing on converting leads and appointments and adjusting…

Read Full Article
Rose Law Group ReporterRose Law Group Reporter

Lennar Q1 2025 wrap-up - Rose Law Group Reporter

Lennar Model Homes, Corporate Photography by Mark Skalny (Disclosure: Rose Law Group represents Lennar.) By Steve Ladurantaye Lennar delivered more homes than expected in the first quarter, but incentives drove down its average sales price, which was 1% lower than the same quarter last year at $408,000. Why it matters: As America’s second-largest builder, the company’s results are seen as a bellwether for the industry. Its use of incentives sugg…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Rose Law Group Reporter broke the news in on Monday, March 24, 2025.
Sources are mostly out of (0)

Similar News Topics

Real Estate

Real Estate

Lennar

Lennar

United States

United States

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

News
For You
SearchBlindspotLocal