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Lennar Corp

  • Should You Buy these Home Builders?

    By John Timmes - June 18, 2013 | Tickers: LEN, PHM, TOL

    Last Monday's home builder sentiment report surged for the month of June and broke 50, a key milestone that suggest builders view conditions as favorable versus poor. This is the first time that the index has broken 50 since April 2006. The index hit 52 for June, up from 44 in May and represents biggest one-month gain since 2002. The increased confidence among home builders coincides with an overall more »

  • Unleashing Pent Up Demand

    By Reuben Brewer - June 17, 2013 | Tickers: DHI, F, GM, LEN

    Consumer credit increased in April, partly on auto loan growth. That's being driven by pent up demand and the desire to lock in low rates, just like home sales. The party could go on for a little longer, but keep an eye out for the tipping point.

    Big Spending

    Bloomberg recently reported that consumer credit in The United States is accelerating. In many ways that's a good sign more »

  • Rising Mortgage Rates Spell Trouble for Homebuilders

    By Zachary Scheidt - June 14, 2013 | Tickers: KBH, LEN, TOL | Editor's Choice

    Investors were just getting used to the idea of a rebound in the housing market; and now, a sustained rise in mortgage rates may lead to disappointment once again.
     
    At risk are the domestic homebuilders, a group of stocks that have advanced significantly over the past few years, but may now be vulnerable to a lapse in demand for housing.
     
    The most well known home builders are now trading at more »

  • Could Rising Rates Deflate the Housing Rebound?

    By Reuben Brewer - June 14, 2013 | Tickers: DHI, LEN, TOL

    Home sales have been improving of late. The momentum of the recovery has increased notably in recent months. Now, with mortgage rates inching higher, buyers are acting to lock in low rates. That's a good thing now, but could turn ugly quickly.

    Home bubble

    Leading into the 2007 to 2009 recession, home prices were rocketing skyward. The quick escalation in home prices led to the belief that buying a more »

  • Time To Consider The Homebuilders Yet?

    By Matthew Frankel - June 13, 2013 | Tickers: DHI, HD, KBH, LEN

    After the financial crisis hit, few sectors in the market got hit as hard as the homebuilders. While the housing market is indeed improving, homebuilders such as KB Home (NYSE: KBH) are just beginning to pick up the pieces and get their business back on track. Even after an 18% revenue increase in 2012, the company’s sales are still a whopping 86% below their pre-crisis peak in 2007. While more »

  • These Builders Look Appealing for Your Growth Portfolio

    By Robinson Roacho - June 13, 2013 | Tickers: LEN, MDC, MTH, TOL

    The recent rise in home prices is a strong indicator that the economy is recovering. Meritage Homes (NYSE: MTH) and Lennar (NYSE: LEN) have more than tripled after bottoming in August 2011. However, I believe these stocks should continue to provide capital growth to investors based on their most recent earnings reports and housing market outlook, and long positions may be initiated to gain exposure to this industry.

    Business description more »

  • Builders Optimistic About Improving Home Sales

    By Eileen Rojas - June 11, 2013 | Tickers: LEN, PHM, TOL

    U.S. home sales are rising -- the month of April saw the second highest level of sales in three and half years. Improvements in the job market and a reduction in borrowing costs are believed to have encouraged home buying. According to Bloomberg, the U.S. Existing Home Sales Index rose 2.3% to 454,000 units in April, up from 444,000 in March.

    The pace of home sales more »

  • Billionaire Steve Mandel Playing Housing Rebound

    By Mark Yagalla - June 10, 2013 | Tickers: LEN, PHM, RLGY

    Steve Mandel's Lone Pine Capital just disclosed that it owns a 5.1% stake in realty group Realogy (NYSE: RLGY). Realogy is the world's largest franchiser of residential real estate brokerages. The company franchises the brands Century 21, Coldwell Banker, ERA, Sotheby's International Realty, and Better Homes and Gardens.

    The real estate franchise network has approximately 13,600 offices worldwide in more than 102 countries. Approximately 239 more »

  • Billionaire Stanley Druckenmiller's Big 5

    By Marshall Hargrave - June 8, 2013 | Tickers: DHI, LLY, GOOG, LEN, PFE

    Billionaire Stanley Druckenmiller founded his Duquesne Capital hedge fund in 1981. It now has some $10 billion in assets under management. Previously, Druckenmiller managed money for George Soros from 1988 to 2000, and was the lead portfolio manager for Soros' famous Quantum Fund. Outlined below are Druckenmiller's top five stocks going into the second quarter, let's check them out (see Druckenmiller's selloffs).
     
    Housing bets
     
    Druckenmiller's top more »

  • Housing Market Moving Upscale

    By Reuben Brewer - June 5, 2013 | Tickers: DHI, LEN, NVR, TOL

    New home sales were strong in April, according to Bloomberg. What was more interesting, however, was that the median home price went up. That's good news for builders of more expensive homes like Toll Brothers (NYSE: TOL) and NVR (NYSE: NVR). Lennar (NYSE: LEN) and D.R. Horton (NYSE: DHI), however, aren't exactly going to suffer.

    Housing Market Continues to Impress

    Bloomberg reports that the U.S. housing more »

  • The Housing Recovery Is Making Luxury Affordable

    By Mihir Mehta - June 4, 2013 | Tickers: KBH, LEN, TOL

    I have generally observed that investing in a company catering to a niche segment can go either way; it can be pretty lucrative, or lead to disastrous consequences when that particular segment faces economic crisis. Toll Brothers (NYSE: TOL) is one of those companies that has successfully created a niche market for itself over time. It is the nation’s leading luxury home maker with a market cap of approximately more »

  • Billionaire Jeffrey Vinik’s Favorite Stocks May Surprise You

    By Meena Krishnamsetty - May 31, 2013 | Tickers: ABX, BBY, LEN, MON, HOT

    Each quarter, hedge funds, such as Jeffrey Vinik’s Vinik Asset Management, file 13F forms with the SEC. These 13F forms disclose many of the positions held in the fund’s equity portfolio during the quarter. Jeffrey Vinik was the manager of Fidelity’s Magellan Fund from 1992 to 1996, generating an average return of 17% per year. He launched his own hedge fund, Vinik Asset Management, after leaving Fidelity more »

  • Invest in Housing Without Breaking the Bank

    By Joshua Bondy - May 24, 2013 | Tickers: HD, LEN, LOW, TOL

    It is no secret that the U.S. housing market is on the rebound. More people are getting jobs, the unemployment rate is falling, and the housing price indexes are increasing. Still, there are hidden risks in the abnormally low interest rates that are fueling consumer demand.

    Home builders will face serious difficulties when interest rates return to their historical norms and fewer people can get mortgages. Investing in relatively more »

  • Long Awaited Home Building Boom Is Benefiting This ETF

    By Jeff Stouffer - May 23, 2013 | Tickers: ITB, LEN, PHM, TOL

    Sometimes the search for investments that outperform the market is best met by taking an index or basket position. This approach may be the best risk-adjusted return strategy. Such methods can be both effective and efficient by saving time and effort to sift through a wide selection of possibilities. The iShares Dow Jones US Home Construction (NYSEMKT: ITB) index fund is a great example of this concept. 

    This ETF is more »

  • Play the Housing Rebound With These 3 Homebuilders

    By Mark Yagalla - May 21, 2013 | Tickers: LEN, PHM, SPF

    No sector was hurt as much as housing during the Great Recession of the last decade. Most analysts said that housing would take a decade or more to recover. California, Nevada, Texas, Arizona, and Florida were among the hardest hit states. Now, the U.S. economy is improving and the labor market is recovering. Inventories of unsold homes are down and builders are now actively building again. At the Ira more »

  • The Housing Market Should Catapult These Retailers Higher

    By Robinson Roacho - May 21, 2013 | Tickers: LEN, MTH, PIR, WSM

    An improving housing market should catapult retailers to higher altitudes. The housing market has been picking up recently, and new furniture is needed as home sales increase. For this reason, furniture-retail companies could provide capital appreciation to their investors. Two retail companies have released their quarterly earnings results, and since the housing market seems to be growing, these two companies should continue to rally in the future.

    Housing market outlook more »

  • Can These Stocks Deliver profits?

    By Terry Chrisomalis - May 15, 2013 | Tickers: FDX, LEN, UPS

    When we want to ship a package there are only a few options to choose. One of those options is the United States Postal Service, or USPS; an affordable way for those people who don't need to deliver their packages quickly, and want cheaper standard shipping options. But the USPS has seen some problems in funding from the government, and people prefer to use other shipping service methods. 

    Two more »

  • Are Homebuilders Overvalued?

    By Rupert Hargreaves - May 14, 2013 | Tickers: DHI, LEN, PHM, TOL

    Home-builders have been on a tear this year as the housing market appears to be getting back up to speed.

    However, with most home-builders significantly outperforming the S&P 500, are they now over valued?

    The four most prominent home-builders, Lennar Corporation (NYSE: LEN), Toll Brothers Inc (NYSE: TOL), D.R. Horton, Inc (NYSE: DHI) and PulteGroup, Inc (NYSE: PHM), have all outperformed the S&P 500 by at least more »

  • This Hedge Fund Is Betting on Apple, Google, and Homebuilders

    By Meena Krishnamsetty - May 14, 2013 | Tickers: EBAY, GOOG, LEN, TOL

    Mark Asset Management was founded by Morris Mark in 1986 and grew to around $2 billion assets under management around the time of the tech bubble. After many of his initial investors withdrew their money from the fund, Mark resumed a low profile and has only just begun a fundraising initiative designed to grow assets under management. Before founding his hedge fund, Mark had worked under Leon Cooperman at Goldman more »

  • It's Harder to Buy a House

    By Reuben Brewer - May 14, 2013 | Tickers: DHI, LEN, SBY

    The American dream of owning a home looks to be under increasing pressure. Although the rebound from the post-recession low has been nice, investors need to watch that they don't get blindsided by potential housing industry changes.

    A Housing Bust

    The 2007-2009 recession was financially driven. Essentially, too many people were buying homes. That included a mix of purchasers, from those who could afford the price to those who more »

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