Lennar Corp. - Ordinary Shares - Class A

NYSE:LEN   3:59:58 PM EDT
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Other Pre-Announcement

Lennar Says Demand Has Been Consistently Strong, While Supply Of New And Existing Homes Remains Limited - Conf Call

Published: 09/21/2021 16:23 GMT
Lennar Corp. - Ordinary Shares - Class A (LEN) - Lennar Exec Says Demand Has Been Consistently Strong, While Supply of New and Existing Homes Remains Limited - Conf Call.
Lennar Exec Says Short Supply is Likely to Remain for Some Time to Come.
Lennar Exec Says Given the Supply Chain Challenges the Industry Will Not Be Able to Quickly Remedy the Supply Shortage With Increased Production.
Lennar Exec - "we Expect the Market to Remain in Its Current Imbalance for an Extended Period of Time".
Lennar Exec Says Co Feels That Sales Are Slowing Because Many Sales Were Made Early and the Industry is Building Through Those Sales Slower Than Expected.
Lennar Exec Says Texas is Benefiting From Migration From the East and West; State's Pro-business Economy is Driving Corporate Relocations and Job Growth.
Lennar Exec Says Covid Impacts From Quarantine of Sick Workers to Necessary Workplace Changes Severely Hampered Many Municipalities Ability to Timely Process Approvals and Conduct Inspections.
Lennar Exec Says Supply Chain Disruptions Led Some Closings to Be Delayed Into Q4.
Lennar Exec Says Expects Increased Costs From Lumber, Although at Lower Level in Q4 and Q1.
Lennar Exec Says Expects Double-digit Growth in Sales and Closings in 2022.
Further Company Coverage: Lenn ((reuters.
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